Perplexity AI has proposed a merger with TikTok US to form a new entity named NewCo, potentially valued at $300 billion. This plan allows ByteDance, TikTok's parent company, to retain its proprietary algorithm while creating a U.S. board that controls user data and national security issues. Critics argue that the effectiveness of TikTok may diminish without its core algorithm. The U.S. government would also benefit financially without having a direct say in the company's operations, reflecting a complicated interplay of business and politics in technology governance.
The technology needs to be disconnected from China ... There's absolutely no way that China would ever let us have something like that in China.
When the new NewCo goes public with a valuation of at least $300 billion, the U.S. government gets to sweep in like an ex-spouse and receive half.
Collection
[
|
...
]