Reported about 23 hours ago
Perplexity AI has submitted a revised proposal to TikTok’s parent company, ByteDance, suggesting that the U.S. government could gain up to a 50% stake in a new entity merging Perplexity and TikTok's U.S. operations. This proposal, which follows prior feedback from the Trump administration, aims to comply with U.S. laws while allowing ByteDance to maintain partial ownership, albeit without the core algorithm used by TikTok. The proposal also indicates a desire for U.S. board control but excludes any voting rights for government shares.
Source: YAHOO