Perplexity AI’s CEO, Aravind Srinivas, expressed confidence in the generative AI search engine’s ability to compete with giants like Google Bard and OpenAI’s ChatGPT.
What Happened? In an interview with Hindu Businessline, Srinivas highlighted that Google’s reliance on ad revenues limits its potential in deploying AI-driven search engines like Google Bard. He explained that Google earns through link views and clicks, a model potentially disrupted by generative AI search engines.
Srinivas asserted that Perplexity AI, unlike Google, does not rely on ads and has no immediate plans to include them. He emphasized maintaining the integrity of their interface, ensuring users trust their answers.
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How’s Perplexity AI holding up? Currently, the startup boasts 10 million monthly active users and operates on a subscription model, offering exclusive benefits like file uploads and API access.
While Perplexity AI is generating revenue, it’s not yet profitable. Srinivas, however, is optimistic about its financial trajectory, exceeding expectations. The company’s focus is on enhancing product speed, accuracy, and user experience to expand its user base.
This month, Perplexity AI raised $73.6 million, with investors including Nvidia, Jeff Bezos, and Bessemer Venture Partners. This funding round valued the company at $520 million.
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