Perplexity AI targets $1 billion funding round amid content theft accusations

The news: Perplexity AI hopes to double its value in an upcoming funding round.

  • The AI startup is looking to raise between $500 million and $1 billion to boost its valuation to about $8 billion, per The Wall Street Journal.
  • This funding round will be Perplexity’s fourth of the year and could precede its planned ad model debut.

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