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AI search start-up Perplexity targets $8bn valuation in new funding round

  • Perplexity aims to raise $500 million at an $8 billion valuation, more than double its $3 billion valuation from earlier this year with SoftBank.
  • The company currently processes about 15 million queries daily and earns approximately $50 million in annual revenue.
  • Some publishers, including The New York Times, accused the company of unauthorized web scraping, but CEO Aravind Srinivas stated he wants to collaborate with them.
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