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

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 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 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

Following its successful Series A funding, DevRev drives forward its mission to revolutionize customer support and product development.

Tech - VentureBeat - 4 days ago

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

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

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

Strella raises $4 million to automate market research with AI-powered customer interviews

Strella, an AI-powered market research startup, raises $4 million in seed funding to automate and accelerate customer insights, delivering results 10x faster and at half the cost of traditional ...

Tech - VentureBeat - October 15

This Robotics AI ‘Brain’ Startup Just Raised $400 Million From Jeff Bezos, OpenAI, and Others

Physical Intelligence, now valued at about $2 billion, aims to create AI models that can power robots.

Business - Inc. - Yesterday

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

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

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

Lithuanians vote in the final round of parliamentary election

Lithuanians are voting in the second round of parliamentary elections, with the conservative governing party still in contention despite first-round gains two weeks ago for the left-leaning opposition

World - ABC News - October 27

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

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Waymo Raises $5.6 Billion From Outside Investors

Alphabet’s driverless car unit now has vehicles operating in San Francisco, Phoenix and Los Angeles.

Business - The New York Times - October 28

Delta Sues Crowdstrike Over Outage That Cost $500 Million

Delta Air Lines filed the suit against CrowdStrike in Georgia after its outage disrupted travel plans for 1.3 million customers.

Business - Inc. - October 27

Disney to Pay More Than $500 Million to Air the Grammys

The music industry’s marquee awards show will leave CBS after 2026, ending a decadeslong run.

Business - The Wall Street Journal - 6 days ago

Teva Fined Around $500 Million Over MS Drug Competition Concerns

The European Union fined Israel’s Teva Pharmaceutical 462.6 million euros, saying it abused its market position in a way that might have delayed competitors from entering the multiple sclerosis ...

Business - The Wall Street Journal - 5 days ago

This ETF has trounced the S&P 500 with bets on AI in a surprising sector

Macrae Sykes of Gabelli Funds explains his strategy, which looks beyond the Nvidia-focused AI hardware buildout.

Business - MarketWatch - October 26

Gladia raises $16M for AI transcription and analytics

Gladia, an AI transcription and audio intelligence provider, has raised $16 million in funding.

Tech - VentureBeat - October 15

Kroger Finalizes $1.37 Billion Opioid Crisis Settlement

Kroger finalized a $1.37 billion settlement in connection with the grocery chain’s role in the U.S. opioid crisis, Nevada Attorney General Aaron Ford said.

Business - The Wall Street Journal - Yesterday

UBS has just lowered earnings estimates — and raised its S&P 500 target

UBS on Tuesday issued an unusual pairing, reducing its estimates for earnings growth while at the same time lifting its S&P 500 target for this year and next.

Business - MarketWatch - October 15

Boeing to raise as much as $25 billion to shore up balance sheet

The equity or debt raise of up to $25 billion would be over three years Boeing said.

Business - CNBC - October 16

Boeing to raise as much as $25 billion to shore up balance sheet

Boeing said Tuesday that it could raise as much as $25 billion in shares or debt over three years, a move to increase liquidity as the troubled manufacturer faces a more than monthlong machinist ...

Lucid stock tumbles following public offering to raise $1.67 billion

Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."

Business - CNBC - October 17

Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

The Paris conference for Lebanon raises $1 billion in pledges for humanitarian and military support

An international conference for Lebanon in Paris raised $1 billion in pledges for humanitarian aid and military support

World - ABC News - October 24

Boeing’s stock reverses lower after announcing a $19 billion capital raise

.Boeing’s stock knee-jerked higher after a larger-than-expected capital raise was announced, but then quickly resumed its decline.

Business - MarketWatch - October 28

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

UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds

Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.

Business - The New York Times - 6 days ago

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