The Beijing-based company has budgeted Rmb40bn ($5.5bn) to acquire AI chips in China in 2025, said two people familiar with ...

The development comes as the Beijing-based company faces pressure from the US government to sell its social media app TikTok.

Perplexity AI has revised its merger proposal to ByteDance, the parent company of TikTok, to include a provision allowing the ...

There's no telling yet if Trump's plan can set up a better version of Project Texas or convince China to sign off on a TikTok ...

Perplexity AI submitted a revised merger proposal to TikTok’s Chinese parent ByteDance as the popular video-sharing app ...

A proposal document viewed by CNBC, which was shared with ByteDance and prospective new investors, detailed the creation of a ...

The revised plan outlines the creation of a new US holding company, "NewCo." Under this proposal, ByteDance would divest ...

The latest plan for a TikTok buyout, by Perplexity AI, would give the U.S. government up to a 50% stake in the company’s ...

Perplexity AI has presented the new proposal to Byte Dance, TikTok’s parent company, as the organization searches for a U.S.

The revised plan reportedly includes provisions for the US government to receive stock in the new company once Perplexity AI ...

Perplexity AI proposes a deal for the US government to own 50% of a new entity merging with TikTok's US business. The revised ...