Perplexity AI Bids for TikTok Amid U.S. Sale Deadline

Perplexity AI has proposed a bid to acquire TikTok, aiming to transform it into a neutral platform while addressing concerns over its algorithm potentially being controlled by foreign entities or monopolists. ByteDance faces pressure to sell TikTok’s U.S. operations by April 5, amid national security concerns about data sharing with the Chinese government. Several U.S.-based investors, including General Atlantic and Susquehanna, are in talks with Oracle to acquire stakes in TikTok’s U.S. operations, aiming to reduce ByteDance’s ownership below the 20% threshold required by U.S. law. Oracle, already a cloud partner for TikTok, would secure U.S. user data, ensuring it remains inaccessible to China. President Trump supports a deal that maintains TikTok in the U.S., underscoring the app's importance and dismissing spying allegations by ByteDance. The ongoing discussions highlight efforts to address privacy concerns while keeping TikTok operational in the U.S.