AI startup Perplexity valuation skyrockets to $18 billion

According to the Financial Times, artificial intelligence startup Perplexity has reached a valuation of $18 billion after its latest round of funding. The company is supported 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 is accelerating its challenge to traditional search engine giants such as Google with AI driven search technology.