The TikTok ban clears key hurdle while Perplexity AI continues to shake up search
Today on Equity, we have som bad news for TikTok fans in the U.S.: A bill that would force a sale of TikTok or ban it in the United States passed the Senate. And the President is expected to sign it. Given that China has made noise that it will not allow a sale of the social media company that is headquartered in Singapore, but is owned by Chinese company Bytedance, it’s not looking good for TikTok in the States. But if that has you bummed out, don’t worry, we have lots of pretty positive news to discuss as well. News like two AI startups in Europe that are making a bit of noise that caught our attention. There’s a lot more AI in Europe than just Mistral, of course. And we had to discuss the latest from Perplexity AI, which just raised money and is shaking up its operating plans by raising even more money. It’s a good time to be an AI startup. Not that that is the only thing going on. The Framework laptops folks just raised more capital, Pony.AI is considering a U.S. IPO, and Volition Capital is expanding.