Perplexity’s aim to raise $500 million would triple its valuation to $9 billion, reflecting a drastic increase from $3 billion earlier this year.
The new investment round was driven not by a request from Perplexity, but rather by existing backers eager to invest more following previous funding successes.
Unlike other AI companies, Perplexity benefits from using external AI models rather than developing its own, allowing for reduced costs on training and R&D.
Perplexity's functionality has expanded significantly, enabling effective searches not only across the web but also within specialized internal documents, catering to specific industries.
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