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AI Search Startup Perplexity Nears $14 Billion Valuation in New Funding Round
AI Search Startup Perplexity Nears $14 Billion Valuation in New Funding Round
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Perplexity, an artificial intelligence search startup, is in advanced discussions to secure $500 million in fresh funding at a staggering $14 billion valuation. The Wall Street Journal reports venture firm Accel is leading the round, with continued participation from Nvidia. This marks a dramatic ascent from its $520 million valuation in early 2024.
The company’s rapid growth underscores intensifying competition in AI-powered search. Perplexity’s Core technology leverages natural language processing to redefine information retrieval, positioning it against industry giants. Such valuations signal robust investor confidence in generative AI’s disruptive potential across tech sectors.
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