Artificial Intelligence Company’s Bid for TikTok Could Give American Government a 50 Percent Stake in New Company
Congress voted to ban TikTok out of concern that TikTok’s ownership structure represents a security risk, a ban upheld by the Supreme Court but rejected by the Trump administration.
Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the American government to own up to 50 percent of a new entity that merges Perplexity with TikTok’s American business, according to a person familiar with the matter.
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