💨 Abstract

AI startup Perplexity is raising $500 million in a new funding round, valuing the company at $9 billion. Led by Institutional Venture Partners, the funding surge reflects investor enthusiasm for AI firms. Perplexity, which uses AI for internet search, has faced copyright infringement allegations from publishers. The company is backed by Jeff Bezos and Nvidia and aims to compete with Google in the search engine market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖