Forbes October 24, 2024
Perplexity AI Raising $500M at $8 billion Valuation. Perplexity AI, a Jeff Bezos-backed AI search company, is reportedly in talks to raise $500 million in funding, which would more than double its valuation to $8 billion. The company, which offers an AI-powered conversational search engine, has seen rapid growth, handling around 15 million queries daily and generating approximately $50 million in annualized revenue. This marks a significant increase from its $3 billion valuation in June 2024. The funds will help Perplexity compete with industry giants like OpenAI and expand its enterprise services. However, the company has faced legal challenges, including disputes with publishers over content usage.
Adobe unveiled new AI-powered features across its Creative Cloud apps. At the company’s annual...
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