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AI Start-Up Perplexity ‘Raising $500m’ On $14bn Valuation

  • AI start-up Perplexity is in talks for a $500 million funding round at a $14 billion valuation, led by venture-capital firm Accel.
  • Perplexity, backed by Nvidia, has quickly grown since the launch of ChatGPT, delivering AI-generated search results compared to Google's technology.
  • Perplexity is planning to launch its web browser Comet to rival Google Chrome and Apple Safari, facing challenges from news publishers for content usage.
  • Apple executive Eddie Cue mentioned a decline in Google searches in Safari due to the rise in AI technologies like ChatGPT and Perplexity; OpenAI also enhancing search features.

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