Perplexity AI submitted a bid to TikTok parent ByteDance Ltd., to merge with its US operations and create a new entity, according to a person with knowledge of the matter. Most Read from BloombergNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci,

Perplexity, an artificial intelligence search engine startup, has bid to merge with TikTok U.S. so the platform can avoid being banned in the country.

Perplexity AI submitted a bid on Saturday to TikTok parent ByteDance, proposing that Perplexity merge with TikTok U.S., CNBC has learned.