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Perplexity AI Raises $73.6M, Valued at $520M in Bold Move Against Search Engine Giants

文章来源于互联网:Perplexity AI Raises $73.6M, Valued at $520M in Bold Move Against Search Engine Giants，仅供学习使用。Home » AI News » Perplexity AI Raises $73.6M, Valued at $520M in Bold Move Against Search Engine GiantsJanuary 7, 2024: In a striking development in the tech industry, Perplexity AI, an innovative AI-powered search engine, has successfully raised $73.6 million in a recent funding round.This significant financial boost has propelled the company’s valuation to an impressive $520 million.The funding round was led by IVP, with notable contributions from NEA, Databricks Ventures, and several influential tech leaders, including former Twitter VP Elad Gil, Shopify CEO Tobi Lutke, ex-GitHub CEO Nat Friedman, and Vercel founder Guillermo Rauch. Among the investors is Jeff Bezos, adding a high-profile endorsement to the startup.Perplexity AI, founded by Aravind Srinivas, Denis Yarats, Johnny Ho, and Andy Konwinski, has been making waves since its inception in August 2022.With their rich backgrounds in AI, distributed systems, search engines, and databases, the founders have brought together their expertise to challenge the conventional search engine model.Srinivas, the CEO, brings his experience from OpenAI to the table, having worked on language and GenAI models like Stable Diffusion and DALL-E 3.The startup distinguishes itself with a unique approach to searching. Unlike traditional search engines, Perplexity AI offers a conversational interface, allowing users to ask questions in natural language and receive summarized answers with source citations.This innovative approach aims to simplify the search process, providing users with direct, authoritative answers to their queries.Underlying Perplexity’s platform is a range of GenAI models developed in-house and by external partners.The Pro plan, priced at $20 per month, allows subscribers to switch between various AI models, including Google’s Gemini, Mistra 7Bl, Anthropic’s Claude 2.1, and OpenAI’s GPT-4. This subscription also unlocks additional features such as image generation, unlimited use of Perplexity’s Copilot, and the ability to upload and analyze documents.Despite its innovative approach and rapid growth, Perplexity AI faces challenges common to GenAI search tools, such as high operational costs, potential misuse, and issues of misinformation.The company’s revenue is currently estimated between $5 million and $10 million annually, but the cost of training and maintaining GenAI models can be substantial.Legal challenges loom regarding copyright concerns, as GenAI models often use web-scraped data for training. Perplexity claims protection under the fair use doctrine, like many others in the field, but artists and authors increasingly contest this stance.Despite these challenges, Perplexity AI remains undeterred, aiming to revolutionize how people search and interact with information.With over 10 million active monthly users and over $100 million raised to date, the company is focused on expanding its team and enhancing product functionality.IVP General Partner Cack Wilhelm expressed confidence in Perplexity’s vision and leadership, highlighting the company’s fundamental potential to transform the search industry.With its unique AI-powered platform and robust funding, Perplexity AI is poised to make a significant impact in the realm of online search and information retrieval.Based on our quality standards, we deliver this website’s content transparently. Our goal is to give readers accurate and complete information. Check our News section for latest news. To stay in the loop with our latest posts follow us on Facebook, Twitter and Instagram. Subscribe to our Daily Newsletter to join our growing community and if you wish to share feedback or have any inquiries, please feel free to Contact Us. If you want to know more about us, check out our Disclaimer, and Editorial Policy.Your email address will not be published. Required fields are marked * Looking for the best AI tools for Amazon sellers? Current data reveals that about half of online businesses now incorporate AI in their operations. This indicates a growing reliance on…