Reported 1 day ago
Perplexity AI has submitted a bid to merge with TikTok as the U.S. faces a potential ban on the video app. This proposal aims to create a new entity that combines Perplexity and TikTok US while allowing existing investors in ByteDance to retain their equity. With the deadline for a TikTok ban approaching, Perplexity hopes this merger approach can alleviate concerns over a sale, amidst ongoing interest from various buyers despite ByteDance's stated intention to keep TikTok.
Source: YAHOO