Perplexity, an AI search startup, raises $500 million amid legal challenges and aims for a $9 billion valuation.

Perplexity, a California-based AI search startup, is raising $500 million in funding, aiming for a $9 billion valuation. Led by Institutional Venture Partners, this round reflects growing investor interest in AI, sparked by successes like OpenAI's ChatGPT. Despite its rapid growth and backing from notable figures, Perplexity faces legal challenges over alleged copyright infringement from media companies, including The New York Times.

November 06, 2024
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