TikTok: Perplexity AI Revises Merger Proposal with ByteDance: U.S. Government Could Own Up to 50% of New Entity

Perplexity AI on Sunday unveiled a revised merger proposal with TikTok’s parent company, ByteDance. The new structure, which seeks to combine Perplexity AI with TikTok U.S., has introduced a notable shift in its approach, allowing for the possibility that the U.S. government could own up to 50% of the newly formed company once it goes [...]The post TikTok: Perplexity AI Revises Merger Proposal with ByteDance: U.S. Government Could Own Up to 50% of New Entity appeared first on Tekedia.

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