“Perplexity AI Raises $70M in Funding, Valuation Skyrockets to $520M Thanks to Cutting-Edge AI Search Engine”

Gettyimages 1148161360 1
As search engine incumbents — namely Google — amp up their platforms with gen AI tech, startups are looking to reinvent AI-powered search from the ground up. Srinivas, Perplexity’s CEO, previously worked at OpenAI, where he researched language and gen AI models along the lines of Stable Diffusion and DALL-E 3. This reporter is skeptical about the longevity of gen AI search tools for a number of reasons, not least of which AI models are costly to run. Concerns around misuse and misinformation inevitably crop up around gen AI search tools like Perplexity, as well — as they well should. Some plaintiffs, like The New York Times, have argued gen AI search experiences siphon off publishers’ content, readers and ad revenue through anticompetitive means.