U.S. Could Own 50% Stake Under Perplexity AI's Revised TikTok Proposal

Searches for anti-Trump content are reportedly appearing hidden on TikTok for many users after the app came back online in the U.S. (Credit: Justin Sullivan/Getty Images; Chip Somodevilla; Getty Images)

Perplexity AI has submitted a revised proposal to TikTok's parent company, ByteDance, under which the U.S. government could acquire up to a 50% stake in a new entity that merges TikTok's U.S. operations with Perplexity.

The proposal, presented last week, was a revised from the one that was submitted on Jan.18, just before the U.S. law banning TikTok took effect, reported the Associated Press.