Perplexity AI: Perplexity AI in funding talks to double valuation to $8 billion: report

Endorsed by Jeff Bezos AI Perplexity has begun fundraising talks in which it seeks to more than double its valuation to $8 billion or more, the Wall Street Journal reported Sunday.

Perplexity has told investors it is looking to raise about $500 million in the new funding round, the Journal reported, citing people familiar with the matter.

The Nvidia-backed artificial intelligence (AI) company’s estimated annualized revenue based on recent sales is currently about $50 million, the report added.

Perplexity AI declined to comment.

In October, the startup said it had received a “cease and desist” notice from the New York Times demanding it stop using the newspaper’s content for generative AI purposes.


Perplexity has previously faced accusations from media organizations such as Forbes and Wired for plagiarizing its content, but has since launched a revenue-sharing program to address some concerns raised by publishers.

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Perplexity’s search tools allow users to get instant answers to questions with sources and citations. It is powered by a variety of large language models (LLMs) that can summarize and generate information, from OpenAI to the open source Llama de Meta model.

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