Perplexity AI's $20 Billion Valuation Sparks Intense Google Competition

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Source: Business Insider
Perplexity AI's $20 Billion Valuation Sparks Intense Google Competition
Photo: Business Insider
TL;DR Summary

Perplexity, an AI search startup, is raising new funding at a $20 billion valuation, up from $18 billion in July, with its business surging to over $150 million in annual recurring revenue. The company recently made a $34.5 billion bid for Google's Chrome browser and has attracted investments from major players like SoftBank, Nvidia, and Jeff Bezos, amid fierce competition from tech giants like Google and OpenAI.

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