Perplexity AI search startup has a new proposal to merge with TikTok, which would give the US government a stake of up to 50%.

U.S. search engine startup Perplexity AI has revised the merger proposal it had submitted to TikTok's Chinese parent ByteDance to create a new entity combining Perplexity and TikTok U.S., a person familiar with the proposal told Reuters on Sunday.

Perplexity AI has submitted a revised proposal to merge with TikTok in an arrangement that would give the U.S. government up to 50% ownership of the new