Jeff Bezos funding in Perplexity AI reportedly doubled

Jeff Bezos’ funding in an AI search-engine startup aiming to tackle Google is predicted to double after only a few months. Perplexity AI, which calls itself “a substitute for conventional engines like google,” is finalizing a brand new funding spherical that may see its valuation double to about $1 billion, simply two months after its latest funding deal, The Wall Avenue Journal reviews.

Perplexity AI’s “superior reply engine” features a conversational interface, contextual consciousness from its dialog with the person, and personalization to be taught a person’s pursuits and preferences, the corporate’s web site says. The engine then makes use of predictive textual content capabilities to generate responses which might be supplied with sources.

The startup, which was based in 2022, has reportedly surpassed $10 million in annual revenue, and visits to its app on cellular and desktop grew 8.6% last month to around 50 million users, in response to Similarweb. Perplexity AI co-founder and CEO Aravind Srinivas wrote in a blog post in January that the search engine had grown to 10 million month-to-month lively customers and served over half a billion queries in 2023, a 12 months after launching it publicly.

Perplexity AI didn’t instantly reply to a request for remark Monday morning.

Srinivas additionally introduced that the startup had raised $73.6 million in a Sequence B funding spherical that included investments from Bezos by his Bezos Expeditions Fund and main chipmaker Nvidia. Jonathan Cohen, vice chairman of Utilized Analysis at Nvidia, stated on the time that the startup’s “world-class group is constructing a trusted AI-powered search platform that may assist push this transformation ahead.” Perplexity AI reached a $520 million valuation after that funding spherical.

Perplexity AI, which has received more backing in recent years than any other search startup, is not afraid to compete with Google, which has been dominant within the area for the final 20 years.

“Google goes to be considered as one thing that’s legacy and previous, and Perplexity will probably be considered as one thing that’s the subsequent era and future,” Srinivas told Reuters in January.