Perplexity AI Proposes TikTok Merger to Avoid US Ban; ByteDance Faces Deadline
With TikTok facing a potential US ban due to its ties with ByteDance, Perplexity AI has proposed a merger involving TikTok US, ByteDance, and New Capital Partners. The proposal, reported by CNBC, aims to preserve ByteDance's existing investor stakes while circumventing regulatory threats.