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Exclusive | AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round.

Authors :
Jin, Berber
Source :
Wall Street Journal - Online Edition. 11/6/2024, pN.PAG-N.PAG. 1p.
Publication Year :
2024

Abstract

Perplexity, an artificial intelligence search company, is set to triple its valuation to $9 billion in a new funding round, raising $500 million. The company has faced criticism for using news companies' reporting without fair compensation and is seeking revenue-sharing partnerships with news publishers. Perplexity faces competition from other AI startups like OpenAI and Google, but has shown significant growth since its founding in 2022, with prior investors including Jeff Bezos and Nvidia. [Extracted from the article]

Details

Language :
English
Database :
Academic Search Index
Journal :
Wall Street Journal - Online Edition
Publication Type :
News
Accession number :
180785622