The fervor of investments in artificial intelligence companies continues unabated. Most recently, The Wall Street Journal reported that Perplexity is currently in negotiations to secure funding from investors, with the company’s valuation estimated to be around $8 billion.
Perplexity is seeking approximately $500 million in this round of funding, which, if successful, will mark its third funding round this year. Such frequent increases in valuation are uncommon for American startups (valued at $520 million in January, $3 billion mid-year).
Perplexity’s projected revenue in the next 12 months is around $50 million, stemming from the sale of premium packages to customers. The company’s primary investor is Jeff Bezos, and its main products are search engine and AI chatbot.
Last week, The New York Times sent a letter to Perplexity, requesting the company to cease scraping website content for user summaries.
TLDR: Perplexity is actively seeking additional funding, with Jeff Bezos as a major investor, amidst a notable increase in valuation and revenue projections. The company faces scrutiny regarding its content usage practices.
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