SoftBank values search startup Perplexity AI at $3 billion

The American search startup Perplexity AI is receiving between $10 million and $20 million at a valuation of $3 billion from SoftBank Group Corp., a Japanese technology investor, through its Vision Fund 2.

SoftBank Group Corp., a Japanese technology investor, has announced that its Vision Fund 2 will invest between $10 million and $20 million at a valuation of $3 billion in the American search startup Perplexity AI.

SoftBank Group Corp., a Japanese technology investor’s Vision Fund 2, is investing between $10 million and $20 million at a valuation of $3 billion in the American search startup Perplexity AI. SoftBank plans to contribute this sum as a component of a broader $250 million capital round, according to the article, which cited people with knowledge of the situation. The specifics of the agreement could yet alter because it hasn’t been formalized, it said.

Users can obtain immediate answers to inquiries with references and citations using Perplexity’s search capabilities. It is powered by multiple huge language models, ranging from OpenAI to Meta’s open-source model Llama, which can generate summaries and produce information. Located in San Francisco, California In January, a group of investors led by Jeff Bezos of Amazon (AMZN.O.) and Nvidia (NVDA.O.) contributed $73.6 million to Perplexity AI, valued at $520 million. The company has previously stated that in 2023, it handled over 500 million searches with minimal marketing expenditures.

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