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

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

Founded in August 2022, Perplexity aims to challenge Google by offering an AI-based search engine that is “part chatbot and part search engine, offering real-time information and footnotes showing the sources of its answers,” as its website states.

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.

Yet Amazon founder Jeff Bezos recently placed a bet on Perplexity AI, a startup that, despite the daunting odds, is taking on the search giant. “Startups are all about being bold,” Perplexity CEO Aravind Srinivas recently told Fortune.

He also revealed that the company had raised $73.6 million from venture capitalists, companies including Nvidia, and various angel investors—as well as Jeff Bezos, through his Bezos Expeditions Fund. The funding round valued Perplexity at about $520 million.

Despite its rapid growth, Perplexity AI is not yet profitable.

Gates' unsurprising top AI stock

You probably won't be surprised in the least by Gates' top AI stock. Almost 34% of the Gates Foundation Trust's portfolio is invested in Microsoft (MSFT 2.22%). The billionaire co-founded the technology company and served as its CEO for 25 years.

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.

As of December 2022, Baidu was the largest owner of active machine learning and artificial intelligence (AI) patent families worldwide with 13,993 active patent families owned.

Perplexity was founded in 2022 by Aravind Srinivas, Denis Yarats, Johnny Ho and Andy Konwinski, engineers with backgrounds in back-end systems, AI and machine learning. Yarats, the CTO, was an AI research scientist at Meta, while Srinivas, the CEO, worked at OpenAI as an AI researcher.

Is Perplexity better than ChatGPT? ›

Perplexity AI vs ChatGPT: Which is Better? Perplexity AI and ChatGPT both excel in different areas. Perplexity is better at providing accurate and up-to-date information, drawing upon reliable sources from the internet and citing them for verification.

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.

Meta CEO Mark Zuckerberg unnerved investors on the company's quarterly earnings call Wednesday by focusing on its long-term investments in AI and the metaverse.

Is Perplexity publicly traded? Perplexity is not currently publicly traded. The company is still very young, founded in August 2022 by Andy Konwinski, Denis Yarats, Johnny Ho, and Aravind Srinivas.

Amazon completes $4B Anthropic investment to advance generative AI.

Perplexity AI, a startup using artificial intelligence to build a search engine to compete with Alphabet Inc.'s Google, has raised about $63 million in a new funding round that values the company at more than $1 billion.