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Perplexity Valued at $1 Billion as It Challenges Google Search

  • Perplexity, an AI startup competing with Google's search engine, has raised $63 million in a funding round.
  • The funding round values Perplexity at $1 billion, marking a two-fold increase in valuation this year.
  • Perplexity offers an AI chatbot that summarizes search results, offers citations, and helps users refine their queries.
  • The company aims to get its product in the hands of every company in the US and is expanding into new regions.

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