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Perplexity AI proposes to merge with TikTok, with US government getting half, source says
Date: January 27, 2025Source: The Japan TimesPerplexity AI has revised its merger proposal with TikTok's U.S. entity, suggesting the U.S. government could own up to 50% of the new company upon an initial public offering. The proposal calls for the creation of a new U.S. holding company called 'NewCo'.Link: https://www.japantimes.co.jp/business/2025/01/27/tech/perplexity-ai-tiktok-us/New bid for TikTok from Perplexity AI could give US government 50% stake
Date: January 26, 2025Source: The Associated PressPerplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity merging Perplexity with TikTok’s U.S. business. The proposal, submitted last week, is a revision of a prior plan presented on Jan. 18. It seeks to create a new structure with investments from other investors and would allow the U.S. government to own half of the new entity after an initial public offering of at least $300 billion. The government's shares would not have voting power, and it would not get a seat on the new company’s board. ByteDance would contribute TikTok’s U.S. business without the proprietary algorithm, and the plan mirrors a strategy discussed by Steven Mnuchin to dilute Chinese ownership and satisfy the law.Link: https://www.stripes.com/theaters/us/2025-01-26/perplexity-ai-bid-tiktok-16609585.htmlThe Guardian view on a global AI race: geopolitics, innovation and the rise of chaos
Date: January 26, 2025Source: The GuardianAn opinion piece in The Guardian highlights the transformative potential of AI and argues for a strategic and balanced approach to its development and deployment. The article discusses the geopolitical implications of AI innovation and the potential for chaos in its unregulated use.Link: https://opentools.ai/news/ai-driving-transformation-in-the-uk-and-internationallyDon’t let AI ‘rip off’ artists, Beatles star McCartney warns UK government
Date: January 24, 2025Source: ReutersBeatles musician Paul McCartney has warned the UK government against proposed changes to copyright law that could allow tech companies to freely use copyrighted material for AI training. McCartney fears this could lead to artists losing control over their work and undermine Britain's creative industries.Link: https://wabx.net