Perplexity AI is in discussions for an $18 billion funding round, doubling its previous valuation of $9 billion. Backed by Jeff Bezos and SoftBank, it aims to compete with Google's Gemini and OpenAI's ChatGPT through feature upgrades.
Perplexity AI is in talks to raise funds at an $18 billion valuation, which would double its previous valuation of $9 billion from November. The company aims to compete with major players like Google's Gemini and Microsoft-backed OpenAI's ChatGPT by upgrading features on its platform.
Amazon.com founder Jeff Bezos is a backer of Perplexity AI, which could positively influence the company's growth and market position as it seeks to raise funds at a high valuation.
Japan's SoftBank Group is a backer of Perplexity AI, contributing to its financial stability and strategic direction as the startup aims to compete with major AI players like Google's Gemini and Microsoft-backed OpenAI's ChatGPT.
Perplexity AI is competing directly with Google's Gemini, which could impact Perplexity's market share and growth trajectory in the AI search space.
Perplexity AI is also competing with Microsoft-backed OpenAI's ChatGPT, which may pose a challenge to its market position and revenue potential as it seeks to establish itself in the AI-driven information retrieval sector.
OpenAI has secured significant funding and market presence, particularly with its $6.6 billion funding round in October 2023, which could overshadow Perplexity AI's efforts to gain a foothold in the AI space.