5 months ago

AI startup Perplexity to triple valuation to $9 billion in new funding round

Perplexity is finalizing a new funding round that would value it at $9 billion—triple its valuation from just a few months ago—the latest sign of continued investor excitement for artificial intelligence startups. The Wall Street Journal reported in October that Perplexity was in talks for a new funding round that would value it at $8 billion or more. Wall Street Journal parent company Dow Jones recently sued Perplexity and the New York Times sent it a “cease and desist" notice. Perplexity Chief Executive Aravind Srinivas said at The Wall Street Journal’s Tech Live conference last month that he wants to reach revenue-sharing partnerships with news publishers.

Live Mint
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