Jeff Bezos-Backed Perplexity AI Is Now A Unicorn After Latest Fundraise: SoftBank's Masayoshi Son, Nvidia 'Doubled Down' On Support
Portfolio Pulse from Rounak Jain
Perplexity AI, backed by Jeff Bezos and supported by Nvidia and SoftBank, has raised $63 million in a new funding round, valuing the company at over $1 billion and making it a unicorn. The funding was led by Daniel Gross, with contributions from notable investors. Existing investors, including Nvidia and SoftBank, have increased their investments. Perplexity AI, known for its AI-driven search engine, is expanding its services and partnerships, including an enterprise chatbot version and collaborations with major carriers like SoftBank Corp. and Deutsche Telekom AG.
April 24, 2024 | 10:15 am
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NEGATIVE IMPACT
Perplexity AI, challenging Google's search engine, has become a unicorn, indicating competitive pressures on Google's search business.
Perplexity AI's successful funding and valuation as a unicorn highlight its potential to disrupt the search engine market, posing a competitive threat to Google's core business.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nvidia's continued investment in Perplexity AI, now a unicorn, showcases its strategic interest in AI technologies and potential benefits from the startup's growth.
Nvidia's reinforcement of its investment in Perplexity AI underlines its commitment to AI technologies, which could lead to strategic advantages and potential collaborations benefiting Nvidia.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SoftBank's increased investment in Perplexity AI and its role in distributing the startup's services in Japan could enhance its market position and revenue streams.
SoftBank's strategic investment and partnership with Perplexity AI for distribution in Japan signify a potential uplift in its tech portfolio and new revenue opportunities through the AI market.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70