SoftBank Eyes $20 Million Investment in Perplexity Al
Perplexity Al, a San Francisco-based search startup. leverages large language models. It provides instant answers with sources and citations. This technology uses models from OpenAl and Meta's Llama. In January, the company raised $73.6 million from investors. These included Nvidia and Amazon founder Jeff Bezos. At that time, the company's valuation was $520 million. The startup handled over 500 million queries in 2023. Remarkably, it achieved this with minimal marketing expenditure. Now, Japanese tech investor SoftBank Group's Vision Fund 2 plans to invest. They are considering an investment between $10 million and $20 million. This investment values Perplexity Al at $3 billion.