New Delhi, Feb. 4 -- Perplexity AI CEO Aravind Srinivas has confirmed his company's bid for Chinese-owned TikTok's United States business, Fox Business reported. Srinivas told the publication the deal would "check all the boxes for investors and President Donald Trump, including an ownership stake for the US".

Social media reactions were mixed, with some questioning the decision, some doubting Preplexity's funding ability to go through with the buy, and others posting joyous memes, celebrating the potential end to the conflict over TikTok US' Chinese ownership.

Speaking "on-the-record" to Fox Business for the first time since the speculation began, Srinivas told the publication Perplexity was trying to balance the needs of existing shar...