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Perplexity AI has reportedly submitted an 11th-hour bid to save TikTok in the US
CNBC reports that Perplexity AI has officially submitted a bid proposing a merger with TikTok US.
According to CNBC ’s source, Perplexity — which currently offers an AI-powered search engine and is being sued by multiple publications for copyright infringement — is hoping a merger rather than a sale will be more appealing to ByteDance. “The new structure would allow for most of ByteDance’s existing investors to retain their equity stakes and would bring more video to Perplexity,” CNBC reports. If ByteDance were to accept the proposal, there’s a chance the company would be given a 90-day extension by Trump to work out a deal, which he told NBC News' Kristen Welker that he would “most likely” do when he takes office on Monday.
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