WASHINGTON — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s ...

While no companies yet have hit the home run and successfully secured a deal with ByteDance, companies like Perplexity AI have made their massive bids for a piece of TikTok. It may seem odd that ...