Similar Stories to What To Know About Perplexity, The Buzzy — And Controversial — Ai Startup Targeting A Big Funding Round on Bing News

insider@insider.com (Geoff Weiss), Business Insider
Mon, 10/21/2024 - 2:05pm

Perplexity CEO Aravind Srinivas has pushed back on allegations of copyright infringement by media outlets.SAUL LOEB/Getty ImagesNews Corp. has accused AI startup Perplexity of copyright infringement in a new lawsuit.Perplexity is eyeing a massive funding round this year, The Wall Street Journal had reported.Here's what you need to know about the buzzy, controversial company.Perplexity, the hot AI startup aiming to compete with Google that has earned the ire of several prominent media organizations, is eyeing a massive funding round — which could mark its fourth raise this year.The AI-fueled search engine is in talks to raise $500 million at an $8 billion valuation, The Wall Street Journal reported on Sunday, a big jump from the company's $3 billion valuation this summer.Perplexity has been raising buckets of cash while it clashes with top publications, which have accused the company of improperly accessing and using their content.On Monday, the Journal and New York Post filed a lawsuit against the company, becoming the latest to level accusations against Perplexity and highlighting the ongoing tensions as media companies grapple with AI's ascent.Perplexity did not immediately respond to a request for comment from Business Insider.Here's everything you need to know about the company's rise and the allegations it's facing.Big-name investorsPerplexity was cofounded in 2022 by Aravind Srinivas, Denis Yarats, Johnny Ho, and Andy Konwinski.

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BING NEWS:
  • What to know about Perplexity, the buzzy — and controversial — AI startup targeting a big funding round
    Perplexity has raised hundreds of millions from Jeff Bezos and Nvidia while clashing with top media organizations over alleged copyright violations.
    10/21/2024 - 10:27 am | View Link
  • AI Startup Perplexity in Funding Talks to More Than Double Valuation to $8 Billion
    Artificial-intelligence search company Perplexity has begun fundraising talks in which it is looking to more than double its valuation to $8 billion or more, as startups try to ride the coattails of ...
    10/20/2024 - 9:36 am | View Link
  • NYT sends AI startup Perplexity 'cease and desist' notice over content use
    Oct 15 (Reuters) - The New York Times has sent Perplexity a "cease and desist" notice demanding the company stop using the newspaper's content for generative AI purposes, the startup said on ...
    10/15/2024 - 6:39 pm | View Link
  • NYT Sends AI Startup Perplexity 'Cease and Desist' Notice Over Content Use
    NYT Sends AI Startup Perplexity 'Cease and Desist' Notice Over Content Use (Reuters) -The New York Times has sent Perplexity a "cease and desist" notice demanding the company stop using the ...
    10/14/2024 - 6:55 pm | View Link
  • New York Times reported to be taking on AI startup Perplexity
    The New York Times issued a cease and desist letter to AI startup Perplexity, accusing it of using its content without authorization for summaries and outputs. This follows previous legal action ...
    10/14/2024 - 1:00 pm | View Link
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