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.

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

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 ...

Perplexity AI search startup has a new proposal to merge with TikTok, which would give the US government a stake of up to 50% ...

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 ...

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 ...