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Perplexity AI revises Tiktok merger proposal that could give US government 50% stake, CNBC reports
Perplexity AI revised the merger proposal it had submitted to TikTok parent ByteDance, CNBC reported on Sunday.
The proposal, to create a new entity combining Perplexity and TikTok U.S., would now also allow for the U.S. government to own up to 50 per cent of the new company upon a future initial public offering, CNBC said.
Source: CNA
