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

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

TikTok, which faces the ticking clock of a ban enforcement, is being pursued by several suitors for a US merger or sale.