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[FUNDING NEWS] Perplexity AI Secures Undisclosed Amount Funding

Japanese technology investor SoftBank Group Corp's Vision Fund 2 is investing between $10 million and $20 million at a valuation of $3 billion in the U.S. search firm Perplexity AI.

Japanese technology investor SoftBank Group Corp’s Vision Fund 2 is investing between $10 million and $20 million at a valuation of $3 billion in the U.S. search firm Perplexity AI.

SoftBank plans to contribute this sum as a component of a broader $250 million capital round, according to the article, which cited people with knowledge of the situation. The specifics of the agreement could yet alter because it hasn’t been formalized, it said.

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Users can obtain immediate responses to queries with references and citations using Perplexity’s search capabilities. It is powered by multiple huge language models, ranging from OpenAI to Meta’s open-source model Llama, which can generate summaries and produce information.

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California’s San Franciscobrd At a $520 million valuation, Perplexity AI raised $73.6 million in January from a group of investors that included Jeff Bezos, the founder of Amazon, and Nvidia. The company has previously stated that in 2023, it handled over 500 million searches with minimal marketing expenditures.

About Perplexity AI

Perplexity AI was founded in 2022.The strongest search engine for answers. stoking curiosity with responses derived from current sources.

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