Perplexity AI reportedly proposes merger with TikTok US. All you need to know

Artificial Intelligence backed search engine Perplexity AI has submitted a bid with TikTok parent company Bytedance to merge with TikTok US, according to a Reuters report. Reportedly, Perplexity AI would merge with TikTok US and create a new entity called New Capital Partners.

The report states that the proposal put forward by Perplexity would allow most of the existing ByteDance investors to retain their equity and lead to more video coming to the search engine.