Perplexity AI proposes TikTok merger with 50% U.S. government ownership stake
CBSN
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 U.S. business, according to a person familiar with the matter.
The proposal, submitted last week, is a revision of a prior plan the artificial intelligence startup had presented to TikTok's parent ByteDance on Jan. 18, a day before the law that bans TikTok went into effect.
The first proposal, which ByteDance hasn't responded to, sought to create a new structure that would merge San Francisco-based Perplexity with TikTok's U.S. business and include investments from other investors.
Google Maps users in the United States can expect to see the body of water known for centuries as the Gulf of Mexico renamed the Gulf of America, aligning with the terms of President Trump's controversial executive order. Google also said Denali, a mountain in southern Alaska and North America's tallest peak, is going to be called Mount McKinley on its maps for those same users, reflecting the presidential mandate.
Trump signs executive orders for military, focusing on transgender service members, COVID, diversity
President Trump signed multiple executive orders Monday night that could reshape the management and composition of the military, with provisions addressing diversity measures, transgender service members, and troops who were discharged for refusing COVID vaccinations.