Reported about 1 month ago
Perplexity AI Inc., a startup developing search technology to compete with Google, is in discussions to secure over $500 million in funding at a valuation of approximately $9 billion, tripling its earlier valuation of $3 billion from earlier this year. As venture capital interest in AI continues to surge, Perplexity's valuation has risen significantly since being valued at $1 billion in April. The company offers innovative search solutions and has formed revenue-sharing agreements with major publishers.
Source: YAHOO