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News on Medial
Bezos’ Perplexity AI stake value doubles as it nears unicorn mark
Hindustan Times
·
1y ago
Medial
Amazon Founder Jeff Bezos' investment in Google-rival Perplexity AI has nearly doubled in a few months, The Wall Street Journal reported. This comes as the startup, valued at $520 million when Bezos invested in it in January, is now finalising a funding round which values it at around $1 billion. Perplexity AI had raised $73.6 million in last round.
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Who is IIT Madras alumnus Aravind Srinivas, CEO of Perplexity AI?
Twitter
·
1y ago
Medial
Aravind Srinivas, whose US-based search startup Perplexity AI has become a unicorn after raising $62.7 million from Jeff Bezos and others, holds a dual degree in electrical engineering from IIT Madras. He completed his PhD in computer science from the University of California, Berkeley. Srinivas worked with OpenAI and Google before co-founding Perplexity AI in 2022.
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Perplexity AI raises $73.6M in funding round led by Nvidia, Bezos, now valued at $522M
Business Today
·
1y ago
Medial
Perplexity AI, a search startup, has raised $73.6 million in a Series B funding round led by Nvidia and Jeff Bezos. The company specializes in advanced search tools that provide instant answers with sources and citations. With this funding, Perplexity AI's valuation has reached $520 million. The startup plans to expand its team, enhance product development, and focus on global expansion efforts. CEO Aravind Srinivas believes Perplexity AI's approach sets it apart from traditional search engines like Google, positioning it as a next-generation search tool.
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New York Times to Bezos-backed AI startup: Stop using our stuff
Livemint
·
9m ago
Medial
The New York Times has issued a "cease and desist" notice to Perplexity, a generative AI startup backed by Jeff Bezos, demanding that it stops using its content. Perplexity uses AI to generate summaries and search results for user queries. The Times claims that Perplexity's use of its content violates its copyright. This comes as publishers are grappling with the implications of generative AI on their business, worrying about potential misuse or theft of their content. The Times is already involved in a lawsuit against OpenAI, creator of ChatGPT, and Microsoft for copyright infringement.
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Perplexity plans to raise up to $1 bn at $18 bn valuation
Inshorts
·
4m ago
Medial
Perplexity AI is in early talks to raise up to $1 billion in funding at $18 billion valuation, Bloomberg reported. This new funding round could potentially double the AI startup's valuation from $9 billion as of December. Led by CEO Aravind Srinivas, the startup is backed by NVIDIA, Amazon Founder Jeff Bezos and Japan's SoftBank Group.
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It's hard to compete with Elon Musk when recruiting AI talent, CEO says
Business Insider
·
1y ago
Medial
Elon Musk's influence and his AI startup, xAI, have made it challenging for other companies to compete when recruiting AI talent. xAI has become one of the highest-paying companies for AI professionals, along with OpenAI. The high valuation of Musk's ventures, such as a reported $80 billion valuation for OpenAI, gives them an advantage in attracting candidates. Perplexity, a rival AI company, faces difficulties in competing with xAI's perceived value due to Musk's celebrity status and cult following. However, Perplexity CEO Aravind Srinivas believes that finding candidates who align with their vision is crucial in overcoming this challenge.
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Jeff Bezos stake to come down to 8.8% after planned Amazon share sale worth $5 billion
Livemint
·
1y ago
Medial
Amazon founder Jeff Bezos plans to sell 25 million shares of the company, worth nearly $5 billion, after the stock reached a record high. This would decrease Bezos' stake to 8.8% of outstanding stock. Amazon share price hit an all-time high of $200.43 on Tuesday. Bezos sold approximately $8.5 billion worth of Amazon shares in February. As Bezos plans his sale, Amazon has announced it will discontinue its security robot, Astro for Business, and shift its focus to household robots.
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Oracle's Larry Ellison, 2nd richest in world after $26B fortune surge, richer than many countries
Economic Times
·
1m ago
Medial
Larry Ellison, co-founder of Oracle, became the world's second-richest person after his net worth surged by $26 billion, reaching $243 billion, following an increase in Oracle's stock value. This gain placed him above Amazon's Jeff Bezos and Meta's Mark Zuckerberg. Ellison's wealth is greater than the GDP of several countries, such as Hungary and Qatar. He has also served on Tesla’s board and made significant investments, including buying a Hawaiian island.
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Perplexity’s CEO on fighting Google and the coming AI browser war
The Verge
·
1m ago
Medial
Aravind Srinivas, CEO of Perplexity, is challenging Google by striving to have the Perplexity AI assistant preinstalled on Android devices. While collaborating with Motorola, his company plans to launch its own browser, Comet, positioning it as a pivotal player in the emerging AI browser arena. As Google faces antitrust scrutiny, these developments create opportunities for Perplexity, highlighted by its pre-installation deal with Motorola's new Razr phones, potentially expanding their customer base significantly.
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Meta held talks to buy Thinking Machines, Perplexity, and Safe Superintelligence
The Verge
·
1m ago
Medial
Meta CEO Mark Zuckerberg explored acquiring AI startups Thinking Machines, Perplexity, and Safe Superintelligence as part of a strategy to revamp AI efforts. Despite not reaching formal offers due to price and strategy disagreements, the discussions demonstrate Zuckerberg's aggressive industry drive. Meta is forming a new AI team with SSI's Daniel Gross and ex-GitHub CEO Nat Friedman co-leading. Alexandr Wang, former Scale CEO, was recruited rapidly with a significant financial commitment to accelerate AI development.
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Perplexity raising new funds at $9 billion valuation: sources
Economic Times
·
8m ago
Medial
Search startup Perplexity is in talks to raise new funding that would value the company at $9 billion, reflecting investor enthusiasm in the AI industry. The California-based company is set to secure $500 million in funding, led by venture capital firm Institutional Venture Partners. Perplexity, which offers information search services, has already raised $73.6 million in Series B funding earlier this year. The success of OpenAI's ChatGPT has attracted investor interest in AI startups, prompting significant investments in language models. However, Perplexity has faced legal challenges, with publishers accusing the company of copyright infringement.
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