Perplexity AI has presented a new proposal to TikTok's parent company, ByteDancce that would allow the US government to own up to 50 per cent of a new entity that merges Perplexity with TikTok's US business,

The latest plan for a TikTok buyout, by Perplexity AI, would give the U.S. government up to a 50% stake in the company’s domestic business.

Why Was TikTok Banned? Congress voted to ban TikTok in the U.S., citing concerns that the platform's ownership structure posed a security risk. The Biden administration spent mont

Perplexity is seeking to create a new $300-billion public company with TikTok's U.S. business and include investments from other investors.

If the plan is successful, the shares of TikTok owned by the government would not have voting power, the person said.