Perplexity AI in Talks to Double Valuation to $18 Billion with New Funding

Perplexity AI is exploring a significant funding round, seeking to raise up to $1 billion at an $18 billion valuation, doubling its prior valuation. With nearly $100 million in annual recurring revenue, this move underscores investor confidence in Perplexity's growth trajectory and its position in the competitive AI landscape. The substantial increase in valuation reflects the company's rapid expansion and the escalating interest in AI technologies. Securing this funding could enable Perplexity to accelerate product development, expand its market reach, and potentially pursue strategic acquisitions. However, the ambitious valuation may prompt scrutiny regarding the company's long-term profitability and market differentiation.