The AI startup made a similar bid for TikTok in January and likely doesn’t have the $50 billion+ required to pay for it, but here’s what it wants to do.
As we move closer to an April 5 deadline for ByteDance to sell TikTok to a US company, AI startup Perplexity has once again thrown its hat into the ring as a potential buyer.
« All of society benefits when content feeds are liberated from the manipulations of foreign governments and globalist monopolists », it says.
Perplexity didn’t announce where the funding would come from for the acquisition. The startup is looking to raise funding at an $18 billion valuation, Reuters reports, but TikTok’s US operations have been valued at up to $50 billion by Bloomberg analysts.
Nonetheless, Perplexity argued in a blog post that it is “singularly positioned to rebuild the TikTok algorithm without creating a monopoly.” It also wants to open source the TikTok For You feed.
