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In a significant move that could reshape both the AI and social media landscapes worldwide, Perplexity AI has submitted a merger proposal to ByteDance, TikTok’s parent company, in an effort to prevent a potential shutdown of TikTok in the US.
The proposed merger, which aims to combine Perplexity, TikTok US, and New Capital Partners, is intended to address the mounting regulatory pressures faced by the popular video platform.
The deadline for compliance with a US law requiring ByteDance to either sell TikTok or face a ban is set for 19 January 2025….
