Perplexity AI Targets $14 Billion Valuation in New Funding Round

Perplexity AI Targets $14 Billion Valuation in New Funding Round

Perplexity AI is in advanced talks to raise $500 million, potentially valuing the startup at $14 billion, according to Reuters. Venture capital firm Accel is expected to lead this funding round.

Perplexity AI is in advanced discussions to secure $500 million in a funding round that would value the company at $14 billion, reports Reuters. The funding round is expected to be led by Accel, a prominent venture capital firm.

The startup, backed by NVIDIA, offers AI search tools that provide information summaries similar to OpenAI's ChatGPT and Google's Gemini. This new valuation marks a significant increase from the $9 billion valuation achieved last year. The rapid evolution of AI chatbots has fueled investor interest in companies like Perplexity, which promise faster and more detailed responses to user queries.

Additionally, Apple is reportedly considering integrating AI search providers such as Perplexity into its Safari browser, potentially expanding the startup's user base significantly.

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