New proposal from Perplexity AI on TikTok may result in the U.S. government acquiring 50% ownership interest.
Perplexity AI has submitted a fresh proposal to TikTok's parent company that would permit the US government to own up to 50% of a new firm that would be created by combining Perplexity with TikTok's US operations. The suggestion, which was turned in last week, is an update to an earlier strategy the AI startup had given to ByteDance, the parent company of TikTok, on January 18, the day before the law that forbids the app entered into force. The initial proposal, to which ByteDance has not repl
Esther Ige