Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google?

question, nobody needs those 10 blue links.\" He said that a more powerful version of Perplexity’s search engine that uses GPT-4, OpenAI’s most advanced technology, can be accessed for $20 a month. In an article published on its official website, Perplexity has written, \"We’ve raised $73.6 million in Series B funding from trusted VC firms and prominent tech visionaries. <a id=\"189239\" type=\"DOMAIN\" weightage=\"20\" keywordseo=\"ivp\" botkeyword=\"\" source=\"ET\" sourcekeytype=\"COMPANY\" meta.keywordsubtype=\"EQ\" meta.aliasname=\"ivp\" meta.entityname=\"IVP Ltd.\" meta.entityid=\"13555\" meta.seoname=\"ivp-ltd\" class=\"news-keywords\" href=\"\/tag\/ivp\">IVP<\/a> led the round with continued support from our Seed and Series A investors NEA, Elad Gil, Nat Friedman, and Databricks, as well as new investors NVIDIA, Jeff Bezos (through Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, and Kindred Ventures, among others.\" Wall Street Journal has also found that 10 million people use Perplexity's website and mobile app monthly. It raked in 53 million visits in November alone, up from 2.2 million when the service first became available in December 2022. <h2>FAQs:<\/h2>How is Jeff Bezos supporting Perplexity? <\/strong>Jeff Bezos has invested in a start-up that challenges the dominance of search engine Google. It is not known how much the Amazon boss has paid, but $74 million has been invested in Perplexity. The start-up that uses artificial intelligence to change the way people look for information online has been valued at $520 million. How does Perplexity work?<\/strong> Perplexity works as a chatbot-style search engine that responds to queries using OpenAI’s GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources. <\/body>","next_sibling":[{"msid":106589504,"title":"AI commerce: ChatGPT maker OpenAI to open GPT store","entity_type":"ARTICLE","link":"\/news\/artificial-intelligence\/ai-commerce-chatgpt-maker-openai-to-open-gpt-store\/106589504","link_next_mobile":"\/news\/artificial-intelligence\/ai-commerce-chatgpt-maker-openai-to-open-gpt-store\/106589504?next=1","category_name":null,"category_name_seo":"artificial-intelligence"}],"related_content":[{"msid":"106582861","title":"Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google?","entity_type":"IMAGES","seopath":"news\/international\/us\/jeff-bezos-invests-in-ai-powered-startup-can-perplexity-challenge-google","category_name":"Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google?","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-43656\/106582861.cms?width=150&height=112","link":"https:\/\/etimg.etb2bimg.com\/photo\/106582861.cms?\/106582861"}],"seoschemas":["{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"How is Jeff Bezos supporting Perplexity?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Jeff Bezos has invested in a start-up that challenges the dominance of search engine Google. It is not known how much the Amazon boss has paid, but $74 million has been invested in Perplexity. The start-up that uses artificial intelligence to change the way people look for information online has been valued at $520 million.\"}},{\"@type\":\"Question\",\"name\":\"How does Perplexity work?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Perplexity works as a chatbot-style search engine that responds to queries using OpenAI\u2019s GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources.\"}}]}"],"msid":106589599,"entity_type":"ARTICLE","title":"Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google?","synopsis":"Amazon CEO Jeff Bezos has invested in Perplexity, which can challenge Google. It works as a chatbot-style search engine that responds to queries using OpenAI\u2019s GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources. Know in detail. ","titleseo":"artificial-intelligence\/jeff-bezos-invests-in-ai-powered-startup-can-perplexity-challenge-google","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":976,"shares":0,"engagementtimems":4721000},"Alttitle":{"minfo":""},"artag":"THE ECONOMIC TIMES","artdate":"2024-01-06 10:17:51","lastupd":"2024-01-06 10:33:08","breadcrumbTags":["Jeff Bezos","AI-powered startup","Google","invests","AI","ivp"],"secinfo":{"seolocation":"artificial-intelligence\/jeff-bezos-invests-in-ai-powered-startup-can-perplexity-challenge-google"}}" page-title="Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google?">

Artificial Intelligence
2 min read

Amazon CEO Jeff Bezos has invested in Perplexity, which can challenge Google. It works as a chatbot-style search engine that responds to queries using OpenAI’s GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources. Know in detail.

THE ECONOMIC TIMES

Updated On Jan 6, 2024 at 10:33 AM IST

Read by: 100 Industry Professionals

Read by 100 Industry Professionals

Jeff Bezos has invested in a start-up that challenges the dominance of search engine Google. It is not known how much the Amazon boss has paid, but $74 million has been invested in Perplexity. The start-up that uses artificial intelligence to change the way people look for information online has been valued at $520 million. Its product is a forum to "ask anything" which its San Francisco-based team of less than 40 calls an "answer engine."

Chatbot-style search engine

According to the Wall Street Journal, Perplexity works as a chatbot-style search engine that responds to queries using OpenAI’s GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources, which it includes along with its answer.

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Challenges Google

Talking to the Wall Street Journal, CEO Aravind Srinivas said,
"If you can directly answer somebody’s question, nobody needs those 10 blue links." He said that a more powerful version of Perplexity’s search engine that uses GPT-4, OpenAI’s most advanced technology, can be accessed for $20 a month.

In an article published on its official website, Perplexity has written, "We’ve raised $73.6 million in Series B funding from trusted VC firms and prominent tech visionaries. IVP led the round with continued support from our Seed and Series A investors NEA, Elad Gil, Nat Friedman, and Databricks, as well as new investors NVIDIA, Jeff Bezos (through Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, and Kindred Ventures, among others."

Wall Street Journal has also found that 10 million people use Perplexity's website and mobile app monthly. It raked in 53 million visits in November alone, up from 2.2 million when the service first became available in December 2022.

FAQs:

How is Jeff Bezos supporting Perplexity?
Jeff Bezos has invested in a start-up that challenges the dominance of search engine Google. It is not known how much the Amazon boss has paid, but $74 million has been invested in Perplexity. The start-up that uses artificial intelligence to change the way people look for information online has been valued at $520 million.

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How does Perplexity work?
Perplexity works as a chatbot-style search engine that responds to queries using OpenAI’s GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources.

THE ECONOMIC TIMES

Published On Jan 6, 2024 at 10:17 AM IST

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Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google? - ET CIO (6)

Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google? - ET CIO (2024)

FAQs

Did Jeff Bezos invest in Perplexity AI? ›

Jeff Bezos' investment has nearly doubled in the company in just a few months as Perplexity AI has reached 10 million monthly active users. Amazon founder Jeff Bezos has heavily bet on Perplexity AI, a startup that is taking on the search giant Google.

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What AI is Jeff Bezos investing in? ›

Jeff Bezos's investment in Perplexity AI has nearly doubled in value in a few months as Google challenger nears $1B unicorn status.

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What does Perplexity AI do? ›

All in all, Perplexity does a pretty good job of finding, presenting, and organizing information. It isn't a total replacement for a search engine or general AI chatbot (yet), but some people will definitely find it useful.

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How many users does Perplexity AI have? ›

According to the latest data, Perplexity AI has approximately 10 million active monthly users. And during the course of 2023, the AI startup served more than 500 million search queries. Perplexity currently racks up over 50 million visits per month, giving the website a global rank of 1,712.

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Who is Perplexity AI owned by? ›

Perplexity was founded in August 2022 by Andy Konwinski, Denis Yarats, Johnny Ho, and Aravind Srinivas. Srinivas previously worked at OpenAI and now serves as Perplexity's CEO. As of 2024, Perplexity has raised $100 million in funding, valuing the company at $520 million.

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Who is invested in Perplexity AI? ›

Investors: New Enterprise Associates, Bessemer Venture Partners, Kindred Ventures, IVP, Factorial Funds, Databricks, Elad Gil, Nat Friedman, Nvidia, Jeff Bezos (Bezos Expeditions Fund), Tobi Lutke, Guillermo Rauch, Naval Ravikant, Balaji Srinivasan and Austen Allred.

Which AI did Google buy? ›

DeepMind Technologies Limited, doing business as Google DeepMind, is a British-American artificial intelligence research laboratory which serves as a subsidiary of Google. Founded in the UK in 2010, it was acquired by Google in 2014.

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Is perplexity on the stock market? ›

Perplexity is not publicly traded on NYSE or NASDAQ in the U.S. To buy Perplexity's stock you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started. Can you sell Perplexity's stock? Yes, you can sell stock of a private company like Perplexity.

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What AI company did Warren Buffett invest in? ›

Apple (NASDAQ: AAPL) is by far the biggest AI holding for Buffett. Berkshire Hathaway's stake in the tech giant is worth roughly $156.9 billion.

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Is Perplexity AI better than Google? ›

For Depth and Exploration: Google Search is unbeatable for comprehensive research across a broad information spectrum. For Quick, Informed Answers: Perplexity shines when you need concise summaries and are willing to explore a new approach to information retrieval.

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Is Perplexity AI better than ChatGPT? ›

The choice between Perplexity AI and ChatGPT depends on the user's needs. For users who need detailed, source-based information for research or academic purposes, Perplexity AI is the better choice. And for those who want a more versatile tool with a broader range of applications, ChatGPT becomes the better option.

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Is Perplexity good or bad for AI? ›

Perplexity AI is an excellent tool because it has advanced algorithms that can handle large amounts of data, understand context, give coherent answers, and use the latest machine learning techniques.

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Is Perplexity profitable? ›

Is Perplexity profitable? Perplexity is only 20 months old and just starting to earn revenue. As of January 2024, it was unprofitable, making less than $10 million in revenue annually.

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How much does Perplexity AI cost? ›

Perplexity Free – includes all of the standard features of Perplexity including the AI search functionality, multi-media support and more. Perplexity Pro – raises Perplexity to the next level with more Copilot, an upgraded AI, unlimited file upload, and API access. This costs $20 per month or $200 per year.

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Does Perplexity use ChatGPT? ›

No, Perplexity doesn't use ChatGPT accounts.

How much is Perplexity AI worth? ›

The recent funding gives Perplexity AI a valuation of around $520 million (Source).

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How is Perplexity AI different from ChatGPT? ›

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What is the name of Elon Musk's famous AI company? ›

Elon Musk's artificial intelligence company, xAI, has secured $500 million in commitments from investors toward a $1 billion goal, according to people with knowledge of the talks.

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Jeff Bezos invests in AI-powered startup: Can Perplexity challenge Google? - ET CIO (2024)

Chatbot-style search engine

Challenges Google

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