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Latest in AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round

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  • AI Startup Perplexity to Triple Valuation to $9 Billion in New Funding Round

    The artificial intelligence search company is raising $500 million in its fourth funding round this year.
    Tech - The Wall Street Journal - 6 hours ago

  • Perplexity AI seeks valuation of about $9 billion in new funding round

    Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.
    Business - CNBC - October 21

  • AI Startup Perplexity in Funding Talks to More Than Double Valuation to $8 Billion

    The search-based chatbot is seeking to raise around $500 million in what would be its fourth funding round in a year.
    Tech - The Wall Street Journal - October 20

  • Perplexity AI in final stages of raising $500 million round at $9 billion valuation

    Perplexity AI is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC.
    Business - CNBC - 6 hours ago
  • OpenAI Chair’s AI Startup Sierra Gets $4.5 Billion Valuation in Latest Funding Round

    OpenAI Chair’s AI Startup Sierra Gets $4.5 Billion Valuation in Latest Funding Round

    Former Salesforce co-CEO Bret Taylor’s company keeps pulling in money from top VC firms as expectations mount.
    Business - Inc. - October 29
  • AI search start-up Perplexity targets $8bn valuation in new funding round

    AI search start-up Perplexity targets $8bn valuation in new funding round

    Investor frenzy over artificial intelligence continues after OpenAI valued at $150bn in latest fundraising
    Business - Financial Times - October 21

  • Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

    Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion.
    Business - CNBC - October 28
  • Perplexity AI Hopes to Double Its Valuation to $8 Billion

    Perplexity AI Hopes to Double Its Valuation to $8 Billion

    The Jeff Bezos-backed AI company is looking to raise around $500 million in its new funding round.
    Business - Inc. - October 20
  • DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation

    DevRev raises $100.8 million in Series A funding and becomes an AI unicorn at a $1.15 billion valuation

    Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.
    Tech - VentureBeat - 4 days ago

  • Jeff Bezos and OpenAI invest in robot startup Physical Intelligence at $2.4 billion valuation

    Amazon's Jeff Bezos and OpenAI invested in Physical Intelligence, a robot startup that raised $400 million at a $2.4 billion post-money valuation.
    Business - CNBC - Yesterday
  • A Lawsuit Against Perplexity Calls Out Fake News AI Hallucinations

    A Lawsuit Against Perplexity Calls Out Fake News AI Hallucinations

    In a new copyright lawsuit against AI startup Perplexity, Dow Jones and the New York Post argue that hallucinating fake news and attributing it to real papers is illegal.
    Tech - Wired - October 21

  • Elon Musk’s xAI startup said to eye funding round, valuing the company at this much

    xAI is in talks with investors for a funding round, the Wall Street Journal reported.
    Business - MarketWatch - October 29

  • Alphabet's self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.

    Alphabet-owned driverless vehicle unit Waymo just closed a $5.6 billion funding round to expand its robotaxi service across the U.S.
    Business - CNBC - October 25
  • Perplexity CEO ‘Surprised’ by Publishers’ Lawsuit Against Startup

    Perplexity CEO ‘Surprised’ by Publishers’ Lawsuit Against Startup

    Aravind Srinivas said he told Dow Jones and the New York Post in June that the AI company was open to discussions about using their content.
    Business - Inc. - October 24

  • New York Times to Bezos-Backed AI Startup: Stop Using Our Stuff

    Publisher demands that Perplexity stop accessing its content. Startup isn’t interested “in being anyone’s antagonist,” CEO says.
    Tech - The Wall Street Journal - October 15

  • ‘DJT’ stock’s tripling in October is adding $4 billion to Trump’s coffers

    The value of Trump’s stake in Trump Media has increased by about $4 billion in October, as investors are betting heavily that he’ll win next week’s presidential election.
    Business - MarketWatch - October 29

  • Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform

    At least 50% of the capital will be allocated to investments in the kingdom and to expanding international companies' presence in the local market.
    Business - CNBC - 6 days ago
  • Murdoch’s Dow Jones sues AI start-up Perplexity for infringement

    Murdoch’s Dow Jones sues AI start-up Perplexity for infringement

    Publishers accuse company of ‘freeriding’ on valuable news content
    Business - Financial Times - October 21
  • Murdoch Papers Sue AI Developer Perplexity for ‘Freeriding’ Their Content

    Murdoch Papers Sue AI Developer Perplexity for ‘Freeriding’ Their Content

    The publishers of the Wall Street Journal and New York Post attacked the AI developer for stealing articles to train its ‘answer machine’ chatbot.
    Business - Inc. - October 22
  • Magic Leap founder is back with $20M funding round for SynthBee

    Magic Leap founder is back with $20M funding round for SynthBee

    SynthBee, started by Magic Leap founder Rony Abovitz, has raised $20 million in funding to create a new kind of "computing intelligence."
    Tech - VentureBeat - October 16
  • Perplexity Gets ‘Cease and Desist’ Notice From the New York Times

    Perplexity Gets ‘Cease and Desist’ Notice From the New York Times

    The newspaper wants the AI company to stop using its content to train its chatbot applications.
    Business - Inc. - October 16
  • Wall Street Journal, NY Post sue AI startup

    Wall Street Journal, NY Post sue AI startup

    Media conglomerate News Corp, the conglomerate that owns the Wall Street Journal, New York Post and a number of other media properties, is suing artificial intelligence (AI) startup Perplexity over ...
    Politics - The Hill - October 22
  • AI startup Ideogram launches infinite Canvas for manipulating, combining generated images

    AI startup Ideogram launches infinite Canvas for manipulating, combining generated images

    Users can spread newly generated images out, compare them to older ones, resize and reorder them at will, and even combine two with AI.
    Tech - VentureBeat - October 22
  • Mother of Teen Who Died by Suicide Sues AI Startup

    Mother of Teen Who Died by Suicide Sues AI Startup

    The boy, 14, spent months talking to an artificial character on Character.AI before becoming depressed. His mother blames the company, saying the tech shouldn’t be accessible to minors.
    Business - Inc. - October 24
  • Google's partnership with AI startup Anthropic faces a UK competition investigation

    Google's partnership with AI startup Anthropic faces a UK competition investigation

    Britain’s competition watchdog is opening a formal investigation into Google’s partnership with artificial intelligence startup Anthropic
    Tech - ABC News - October 24
  • Meet the startup that just won the Pentagon’s first AI defense contract

    Meet the startup that just won the Pentagon’s first AI defense contract

    The Pentagon awards its first-ever generative AI defense contract worth $1.8M to Jericho Security, targeting deepfake attacks and AI-powered threats against military personnel including drone pilots.
    Tech - VentureBeat - 12 hours ago
  • Federal Government Approves $1.8 Billion in Hurricane Recovery Funds

    Federal Government Approves $1.8 Billion in Hurricane Recovery Funds

    After two major storms, the Biden administration has set nearly $2 billion in hurricane recovery funds.
    Business - Inc. - October 16
  • Biden administration announces $2 billion in funds to strengthen electric grid

    Biden administration announces $2 billion in funds to strengthen electric grid

    The Biden administration on Friday announced $2 billion in funding for projects to strengthen the resilience of the U.S. grid against extreme weather, an increasing concern following two ...
    Politics - The Hill - October 18

  • Thames Water Proposes $3.9 Billion Funding Deal to Continue Operations

    The U.K. water company said the deal would enable the debt-laden company to continue with its planned investment and maintenance of its infrastructure.
    Business - The Wall Street Journal - October 25

  • Elon Musk's xAI in Talks to Raise Funding Valuing It at $40 Billion

    The new fundraising effort would substantially increase startup’s valuation from spring.
    Tech - The Wall Street Journal - October 29
  • Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion

    Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion

    The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.
    Tech - The New York Times - 5 days ago

  • Chinese driver-assist startup announces $100 million in funding, touts 'deep cooperation' with Nvidia

    Deeproute said it is part of the first batch of companies in China to obtain Nvidia's newer Thor chip for cars and will release a new system using it next year
    Business - CNBC - 22 hours ago
  • The start of a new round of gilt market carnage?

    The start of a new round of gilt market carnage?

    Parsing 101 words from the OBR
    Business - Financial Times - 5 days ago
  • Local Digital News Startups Fight Shrinking News Source Trend

    Local Digital News Startups Fight Shrinking News Source Trend

    As U.S. newspapers keep closing, innovative online sites fight the growth of local news deserts.
    Business - Inc. - October 24
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