AI startup Perplexity aims to raise $500M at a $8B+ valuation, backed by SoftBank and Bezos.

Perplexity AI, an artificial intelligence search startup, is in talks to raise about $500 million, aiming for a valuation of $8 billion or more, as reported by the Wall Street Journal. Currently valued at $3 billion, the company has faced plagiarism accusations but is addressing concerns through revenue-sharing partnerships with major publishers. Backed by investors, including SoftBank and Jeff Bezos, Perplexity AI seeks to expand its market presence.

October 20, 2024
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