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

With a TikTok ban looming in the United States, Perplexity AI is the latest bidder hoping to give the video app a new corporate home. CNBC first reported

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.