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AI startup Perplexity's valuation skyrockets to $18 billion
PANews, July 18, news from the Financial Times reports that the artificial intelligence startup Perplexity has reached a valuation of $18 billion after its latest round of financing. The company is backed by well-known investors such as Nvidia and SoftBank and is currently in talks with investors for a new round of $1 billion financing. Perplexity, leveraging AI-driven search technology, is accelerating its challenge to the dominance of traditional search engine giants like Google.