The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.

Perplexity AI has revised its merger proposal to ByteDance, the parent company of TikTok, to include a provision allowing the ...

There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok ...

Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app ...

TikTok owner ByteDance on Wednesday released an update to its flagship AI model as a global race intensified to create AI ...

Perplexity AI has presented the new proposal to Byte Dance, TikTok’s parent company, as the organization searches for a U.S.

A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a ...

The revised plan reportedly includes provisions for the US government to receive stock in the new company once Perplexity AI ...

The proposal, submitted last week, is a revision of a prior plan the artificial intelligence startup ... to own up to half of ...

Perplexity AI proposes a merger with TikTok U.S., offering a new U.S. holding company where the U.S. government would own up to 50% post-IPO, excluding TikTok's core algorithm. The proposal aims to ...

Perplexity AI is proposing a plan that gives the U.S. government ... to own half of TikTok once Perplexity makes an initial public offering of at least $300 billion, a person, who was not ...

The revised plan outlines the creation of a new US holding company, "NewCo." Under this proposal, ByteDance would divest ...