Perplexity 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 that merges Perplexity with

TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI models capable of tackling complex problems.

Perplexity AI revised the merger proposal it had submitted to TikTok parent, Hayden Field of CNBC reports. The proposal, which would create a

Perplexity AI revises its TikTok U.S. merger plan, offering a bold proposal that includes U.S. government ownership, to balance investor interests and address national security concerns.

Search engine startup Perplexity AI submitted a bid on Saturday to TikTok's Chinese parent ByteDance for Perplexity to reportedly merge with TikTok.

Besides Perplexity, several other companies and individuals have put in their bids to either purchase or merge with TikTok.

PERPLEXITY AI revised the merger proposal it had submitted to TikTok parent ByteDance, CNBC reported on Sunday. Read more at The Business Times.

Under the proposal, ByteDance would sell TikTok US to the investors, which would give TikTok's existing investors equity in the company

The proposal, submitted last week, is a revision of a prior plan the artificial intelligence startup had presented to TikTok’s parent ByteDance on Jan. 18, a day before the law that bans TikTok went into effect.

Another name being floated around regarding a sale of TikTok is Perplexity AI. As reported by AP, the AI firm has presented a proposal to ByteDance that would give the US government 50 percent ownership of a new entity that would control TikTok.

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