Perplexity AI, founded by Indian-born Aravind Srinivas, proposed a merger with TikTok's parent company to prevent a US ban. The merger aims to combine Perplexity, TikTok US, and New Capital Partners, addressing regulatory concerns. Srinivas, an IIT Madras and UC Berkeley alumnus, also plans significant India expansion for Perplexity, leveraging the country's growing AI market.