Perplexity AI achieves $9b valuation

Perplexity AI is reportedly close to finalizing a US$500 million funding round, boosting its valuation to US$9 billion.

Institutional Venture Partners, a Bay Area-based firm, is said to be leading the funding.

The AI search engine startup competes with major players like Google and OpenAI.

Its valuation has surged from US$3 billion in June, attracting high investor interest amid the ongoing generative AI boom.

Recent Perplexity developments

Timeline
25-Oct-2024 📰 Perplexity challenges News Corp’s copyright lawsuit Perplexity challenges News Corp’s copyright lawsuit. Claims facts aren’t owned, defending content usage.
22-Oct-2024 ⚖️ Perplexity sued for fabricating news content Dow Jones and NY Post sue Perplexity over copyright Accusations include fabricated news content claims
21-Oct-2024 💰 Perplexity in talks for over $500m funding Perplexity AI seeks $500M funding round Valuation could rise to $9B from $3B
10-May-2024 🆕 OpenAI to announce Google-rivaling AI search tool on May 13: report OpenAI to launch advanced search tool on May 13 New tool aims to rival Google, includes citations and images

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