Perplexity AI proposes $300 billion TikTok plan; suggests this new ownership structure

Perplexity AI has submitted a revised proposal to TikTok’s parent company, ByteDance, suggesting the creation of a new entity that merges Perplexity with TikTok’s US operations. According to an AP report, this new structure would allow the US government to own up to 50% of the entity. The report states that the updated proposal was submitted last week and builds on an earlier plan presented to ByteDance on January 18—just one day before the US law banning TikTok took effect.