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AI startup Perplexity valued at $18 billion with new funding

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Perplexity AI Inc., whose artificial intelligence-powered search engine competes with Google, has raised fresh capital in a deal that values the startup at $18 billion, according to a person familiar with the matter.

The company brought in $100 million with the financing, said the person, who asked not to be identified discussing private information. The deal is an extension of a previous round from a few months ago that valued the company at $14 billion, the person said — investments that underscore the Silicon Valley rush to back the top AI…

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