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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOGL:
- ‘We’re Removing Alphabet Stock from Our Best Ideas List,’ Says Wedbush
- EdTech Chegg (CHGG) Sheds Hundreds of Jobs and Points the Finger of Blame at Google AI
- BofA Names Nvidia and Broadcom ‘Top Picks’ as Hyperscalers Boost AI Capex
- ‘Magnificent Seven Stocks on Fire’ as Investors Cheer U.S.-China Tariff Deal
- Advanced Micro Devices Stock (AMD) Stuck in Neutral as AI Boom Accelerates
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue