Aravind Srinivas, CEO of Jeff Bezos-backed Perplexity AI, believes many startup founders fail because they chase market trends instead of working on problems they truly care about. What Happened: During a June 2024 episode of the Lex Fridman Podcast, Srinivas shared his thoughts on why many startups fail. He argued that passion and personal interest…
Jeff Bezos-backed Perplexity AI has reportedly submitted a revised proposal to merge with TikTok’s U.S. business, offering the U.S. government a 50% stake in the new entity. What Happened: The new plan, submitted to TikTok’s parent company, ByteDance last week, allows the U.S. government to own up to 50% of the merged entity through a…
AI startup Perplexity, backed by Amazon.com, Inc. founder Jeff Bezos, is set to triple its valuation in its fourth funding round this year. What Happened: Perplexity is finalizing a funding round that would see its valuation skyrocket to $9 billion, an increase from its valuation of $520 million at the start of the year. The AI-powered search company plans to…
On Friday, Perplexity, an artificial intelligence startup, announced an AI-powered Election Information Hub, promising real-time vote counts and candidate summaries. What Happened: The hub, which will be operational on Election Day, Nov. 5, is designed to provide AI-generated answers to voting queries and summaries of candidates. The live vote count will be based on data from The Associated…
Perplexity, an artificial intelligence startup, is in discussions to raise its valuation to $8 billion or higher in its latest funding round, a significant increase from its previous valuation of $3 billion. What Happened: The San Francisco-based company, which has seen its valuation triple in the past year, is looking to raise approximately $500 million…