US EditionPerplexity AI makes pitch for TikTok purchase
- Perplexity AI, an artificial intelligence startup, is in talks to raise $500 million to $1 billion at an $18 billion valuation.
- The company has an annual recurring revenue of just under $100 million and faced competition from OpenAI and Google in the AI search market.
- Perplexity AI was embroiled in controversy due to accusations of plagiarizing content from media outlets and introduced a revenue-sharing model for publishers.
91 Articles
91 Articles
Reid Rasner’s vision for TikTok includes user data payments, investment in US sovereign wealth fund
Omnivest Financial Founder and CEO Reid Rasner, who put forth a $47.45 billion bid to buy TikTok, vows to donate 5% of his bid to the U.S. sovereign wealth fund and allow the U.S. government to buy in at the $50 billion valuation. Rasner also explains how under his control, TikTok will give users the option to monetize their own data. “Our offer is truly the America First offer, and we’re excited to be part of this,” he says.
Some analysts estimate that TikTok can be worth between $30,000 and $50,000 million dollars
Business Insider
The New York LedgerA top TikTok ad executive is stepping down as part of a company reorg. Read the memo announcing his move.
Blake Chandlee, TikTok's president of global business solutions.Olivier Anrigo/Getty Images for TikTokBlake Chandlee, a TikTok advertising leader, is stepping down next month, per a company memo.Chandlee is being replaced by a product executive, Will Liu, as part of a company reorganization.Chandlee said he expects to stay with the company in an advisory role.Blake Chandlee, a top advertising executive at TikTok, is stepping down from his leader…
TikTok Hires Nathaniel Brown As Global Corporate Communications Chief; Ex-WBD Exec Joins Zenia Mucha’s Team At Platform
EXCLUSIVE: The future of TikTok is still somewhat uncertain, but who will be helping to hone the social media platform’s message has become a lot clearer today. Just over a year after exiting Warner Bros Discovery, Nathaniel Brown has joined TikTok, as Chief Brand and Communications Officer Zenia Mucha revealed to staffers this morning. Earlier […]
Perplexity still wants to buy TikTok, vows to rebuild algorithm and add community notes
Perplexity first proposed a merger with TikTok's US operations in January. The plan would see the US government hold 50% ownership of the company but have no influence over TikTok's day-to-day operations and not be granted a seat on the merged entity's board.Read Entire Article
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