Perplexity is in advanced talks to raise $500M in a round that values it at $14B, according to people familiar with the matter, a sign of increased investor excitement about AI’s potential to challenge Google’s (GOOGL) longstanding dominance over search, The Wall Street Journal’s Berber Jin reports. The venture firm Accel is set to lead the round, people familiar with the matter said. It is one of a set of startups that have grown quickly after the launch of Microsoft (MSFT)-backed OpenAI’s ChatGPT three years ago.
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