Perplexity AI revises TikTok merger proposal that could give US government 50% stake, CNBC By Reuters reports

(Reuters) – Perplexity AI has revised the merger proposal it submitted to TikTok parent company ByteDance, CNBC reported on Sunday.

The proposal, to create a new entity combining Perplexity and TikTok US, would now also allow the US government to own up to 50% of the new company after a future initial public offering, CNBC said.