Link: Perplexity AI proposes to merge with TikTok, with U.S. government getting half, source says

Perplexity AI has updated its merger proposal with ByteDance to form a new company that includes TikTok U.S.

The revised plan suggests that the U.S. government could own up to 50% of this entity following an IPO.

Details from a shared document reveal the establishment of a new U.S. holding company named "NewCo."

This move aims to combine Perplexity AI's search engine expertise with TikTok's social media prowess.

Representatives from both companies have yet to publicly confirm the details of the proposal.

Industry analysts are closely watching the potential impact of this merger on the global tech landscape. #

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Yoooo, this is a quick note on a link that made me go, WTF? Find all past links here.