

Metaverse
10 Things to know on Perplexity AI, a new competitor of Google – Crypto News
With a recent injection of $73.6 million in funding from notable investors like Nvidia and Jeff Bezos, the San Francisco-based startup is poised to challenge industry giant Google with its innovative approach.
Here are 10 key aspects to understand about Perplexity AI, from its advanced features to market impact and future plans.
What is Perplexity AI?
Perplexity’s search tools provide users with the ability to obtain immediate answers to questions along with relevant sources and citations. This functionality is supported by a diverse range of large language models (LLMs), including those from OpenAI and Meta’s open-source model Llama. These models are capable of summarizing and generating information efficiently.
How Does Perplexity AI Work?
According to Deepgram.com, Perplexity AI operates through natural language understanding, enabling users to interact conversationally. The system indexes internet content and sorts it for relevance. Providing contextual answers, Perplexity AI tailors responses to user needs.
Perplexity AI vs ChatGPT
Perplexity AI, based on GPT-3.5, distinguishes itself from ChatGPT, which uses the newer GPT-4. Notably, Perplexity AI is claimed to integrate conversational AI with web search, providing a fusion of AI capabilities and search engine precision.
Key Features of Perplexity AI
Perplexity AI utilizes search with a chatbot interface powered by OpenAI’s GPT-3.5. Its Natural Language Understanding offers responses, presenting source-linked answers for credibility. Pro accounts offer AI model options, including GPT-4. The ad-free design is claimed to prioritize user focus, and source citations to enhance trust and transparency.
Use Cases and Potential Applications for Perplexity AI
Perplexity AI benefits academic research, helping students to navigate databases. Journalists can also benefit from its fact-checking prowess, ensuring accurate reports. In content marketing, Perplexity AI validates ideas, aligning strategies with current trends. Integrated into apps like Boring Report, it summarizes news. Businesses can leverage Perplexity AI for market research.
Pricing for Perplexity AI
Perplexity AI, founded by Aravind Srinivas offers a free search experience. For advanced capabilities, Pro Perplexity accounts start at $20/month, providing upgraded AI models like GPT-3.5 and Claude-2, with Pro users accessing GPT-4. Additional features cater to users desiring a comprehensive toolset, expanding beyond standard offerings.
Funding
Perplexity AI, a San Francisco-based search startup, has secured $73.6 million in funding from investors including Nvidia and Jeff Bezos. Led by IVP, the round values the company at approximately $520 million. Perplexity AI, having raised $25.6 million in a previous round last year, reported over 500 million queries served in 2023 with minimal marketing expenses.
Company’s future plans
Aravind Srinivas, CEO of Perplexity, emphasized the startup’s strength in concentrating on and optimizing various high-performing AI models rather than relying on a single one. He suggested that Google might be perceived as outdated, labeling Perplexity as the next-generation and the future in comparison.
The funding will be utilized by the company to expand its workforce and develop new products. Currently employing 38 individuals, the company aims to increase its team size to approximately 60 by the end of the year.
Market share
According to a report by Similarweb data, the website and mobile web of Perplexity AI gained 45 million visits in December, ranging from up to 2.2 million, when the search service had become available in December 2022.
Despite experiencing rapid expansion, the company remains unprofitable and generates annual revenue in the single-digit millions. Positioned as a moonshot in the online search market, it faces a formidable challenge given Google’s dominant 90% market share.
Integrations to enhance Perplexity AI’s capabilities
Perplexity AI supports Chrome extension by embedding directly into the browser, while integration with email clients offers summarization of lengthy threads. In collaboration with news apps, Perplexity AI condenses articles into concise summaries.
(Sources: Reuters and Deepgram)
Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!
Download The Mint News App to get Daily Market Updates.
Published: 11 Jan 2024, 01:37 PM IST
-
Technology1 week ago
Branded smartwatches under ₹5000 for style and functionality: Top 10 picks for everyday wear – Crypto News
-
Blockchain1 week ago
Change In US Crypto Laws May Affect Charges In Do Kwon’s Criminal Case – Crypto News
-
others1 week ago
Gold retreats while Fed Powell and President Trump clash over interest rates – Crypto News
-
Blockchain1 week ago
Best Crypto to Buy as Polymarket Nears $1B Valuation – Crypto News
-
Cryptocurrency1 week ago
SHIB Price Prediction for June 26 – Crypto News
-
others1 week ago
EUR/JPY steadies near 169.00 as traders await the next catalyst – Crypto News
-
Cryptocurrency7 days ago
Friday charts: Retail is one-upping Wall Street – Crypto News
-
Blockchain1 week ago
Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align – Crypto News
-
Technology1 week ago
Top 10 air coolers for monsoon: Handpicked products for effective cooling from trusted brands – Crypto News
-
Cryptocurrency1 week ago
Wormhole price jumps 12% amid Ripple’s XRPL integration – Crypto News
-
Cryptocurrency1 week ago
Permissionless IV, Day 3 takeaways – Crypto News
-
Blockchain1 week ago
Deaton Says Ripple IPO Could Trigger $100B Valuation, How High Will The XRP Price Be? – Crypto News
-
others1 week ago
USD/INR drops to two-week low as Rupee gains on weak US Dollar – Crypto News
-
others1 week ago
Winnebago Industries (WGO) tops Q3 earnings estimates – Crypto News
-
De-fi1 week ago
Barclays to Ban Crypto Purchases via Credit Card – Crypto News
-
Technology1 week ago
Too many messages to read? WhatsApp launches AI-enabled summary feature for unread chats. Here’s how it works – Crypto News
-
Blockchain1 week ago
Breakout To $2,800 Or Crash To $2,000? – Crypto News
-
others1 week ago
AI-Focused Layer-1 Blockchain Altcoin SAHARA Flames Out Following New Binance Listing – Crypto News
-
Cryptocurrency1 week ago
TRON price forecast as USDT supply surpasses $80 billion – Crypto News
-
others5 days ago
Japan CFTC JPY NC Net Positions increased to ¥132.3K from previous ¥130.9K – Crypto News
-
Technology1 week ago
Turkey plans stricter crypto rules to fight money laundering – Crypto News
-
Cryptocurrency1 week ago
US Housing Chief Orders Fannie Mae, Freddie Mac to Prepare for Crypto Assessment in Mortgages – Crypto News
-
De-fi1 week ago
Sei Soars 70% as Wallet Growth and On-Chain Activity Hit New Highs – Crypto News
-
Technology1 week ago
Microsoft launches Mu AI model for smart local tasks on Windows PCs – Crypto News
-
Cryptocurrency1 week ago
Komodo tanks 25% after Binance announces delisting – Crypto News
-
Cryptocurrency1 week ago
Is LTC ready for a breakout after testing the $75 low? – Crypto News
-
De-fi1 week ago
U.S Judge Denies Ripple-SEC Request to Lift Injunction and Reduce $125 Million Fine – Crypto News
-
Cryptocurrency1 week ago
Vodafone Share Price Tests 78p Ahead of July Earnings, Is a Breakout Imminent? – Crypto News
-
Cryptocurrency1 week ago
SYRUP crypto jumps 34% but bearish signals emerge – What’s next? – Crypto News
-
others1 week ago
Australian Dollar advances as US Dollar struggles following Israel-Iran ceasefire – Crypto News
-
Metaverse1 week ago
Gemini CLI debuts as Google’s open-source AI coding assistant: How it works – Crypto News
-
others1 week ago
Employee at Billion Dollar Bank Embezzles $44,000 From Customer Accounts Before Being Banned From Industry – Crypto News
-
others1 week ago
Sweden Trade Balance (MoM) fell from previous 6.6B to 3.9B in May – Crypto News
-
Metaverse1 week ago
AI valuations are verging on the unhinged – Crypto News
-
Cryptocurrency1 week ago
FUNToken’s Telegram Bot Gets a Major Upgrade With High-Stakes Spins – Crypto News
-
De-fi1 week ago
Mastercard, Chainlink Integration Expands Web3 Access as Firms Push TradFi and DeFi Convergence – Crypto News
-
Technology1 week ago
Xiaomi Mix Flip 2, a clamshell foldable smartphone, launched: Price, features and more – Crypto News
-
De-fi1 week ago
Russia’s Central Bank Pushes CBDC Launch to 2026 – Crypto News
-
Blockchain1 week ago
Bitcoin Crash To $100K Likely Due To Tariffs, War And Weather – Crypto News
-
Technology1 week ago
It isn’t a dream. Tech stocks are breaking out—and the gains can keep coming. – Crypto News
-
De-fi1 week ago
Aptos DEX Activity Hits Record, Nears $200 Million in Daily Volume – Crypto News
-
others1 week ago
USD/INR drops to two-week low as Rupee gains on weak US Dollar – Crypto News
-
others1 week ago
Asian Crime Syndicates Tap Chase, Bank of America, Wells Fargo and Other Lenders To Launder Billions Siphoned in Pig Butchering Scams: Report – Crypto News
-
Technology6 days ago
Best 5G phone under ₹10,000 in June 2025: Lava Storm Play, Samsung M06 and more – Crypto News
-
Blockchain1 week ago
Stablecoins Fail Key Tests of Real Money – Crypto News
-
Cryptocurrency1 week ago
BTC holds $106K; analysts point to institutional integration, on-chain innovation – Crypto News
-
Metaverse1 week ago
Gemini CLI debuts as Google’s open-source AI coding assistant: How it works – Crypto News
-
Cryptocurrency1 week ago
XRP crashes 12.5% in TVL, ETF delay and war fears trigger selloff – Crypto News
-
others1 week ago
United States EIA Crude Oil Stocks Change registered at -5.836M, below expectations (-0.6M) in June 20 – Crypto News
-
Cryptocurrency1 week ago
Risk-on in Solana, even as ceasefire cools tensions – Crypto News