A new TikTok proposal is on the table. Perplexity AI has proposed a merger that would give the U.S. government a 50% ownership stake.

Why Was TikTok Banned? Congress voted to ban TikTok in the U.S., citing concerns that the platform's ownership structure posed a security risk. The Biden administration spent mont

Perplexity AI has presented a new proposal to TikTok's parent company, ByteDancce that would allow the US government to own up to 50 per cent of a new entity that merges Perplexity with TikTok's US business,

Oracle would reportedly control TikTok's data collection, algorithm, and software updates, but Chinese owner ByteDance would maintain a minority stake.

President Donald Trump is in the middle of a chaotic race to secure the future of TikTok in America. Speaking aboard Air Force One en route to Florida on Jan. 25, Trump confirmed that multiple discussions are taking place with “substantial people” about buying TikTok’s U.

Under a deal being negotiated by the White House, TikTok's China-based owner ByteDance would retain a minority stake in the company.