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Perplexity.ai, the disruptive player in the earthquake that is AI + search, has a valuation now over $1 billion and sets its sights on advertising as it shakes things up.
Perplexity AI's latest, large fundraising event could be quickly superseded by another, even larger chunk of capital, TechCrunch reports. Quick revenue growth at the company that has reportedly reached around $20 million worth of annual recurring revenue. Sure at $1 billion that's a 50x revenue multiple, but if the company is on a quick enough growth pace, investors paying up to 150x for its current ARR might not be as insane as it looks on paper, even if similarly priced bets back in the 2021-era often struggled.
Perplexity AI co-founder Aravind Srinivas shared a photo of a meet-up with Infosys co-founder Nandan Nilekani and recalled how the latter was a commencement speaker when he graduated from IIT Madras, a few years ago.
TECH NEWS News: CEOs like Lisa Su, Jensen Huang, and Sundar Pichai utilize AI chatbots for various tasks. They rely on Microsoft Copilot, Perplexity AI, ChatGPT, and
The AI search engine startup Perplexity AI is reportedly finalizing a new funding deal that would double its valuation to about $1 billion