- Japanese technology investor SoftBank Group Corp's Vision Fund 2 is investing between $10 million and $20 million in U.S. search startup Perplexity AI at a valuation of $3 billion, Bloomberg News reported on Thursday.
Perplexity's search tools enable users to get instant answers to questions with sources and citations. It is powered by a variety of large language models that can sum up and generate information, from OpenAI to Meta's open-source model Llama.San Francisco, California-based Perplexity AI in January raised $73.6 million from a group of investors including Nvidia and Amazon founder Jeff Bezos at a valuation of $520 million.
The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thelo to Raise $250 Million With Eye on Africa’s Giant Rail CorridorsThelo Group’s management plans to buy Deutsche Bahn AG’s 49% shareholding and is in talks with financiers to raise $250 million to help the South African company transform into a developer of rail lines and ports in sub-Saharan Africa.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Mubadala Set to Take Controlling Stake in Getir After $250 Million InjectionTurkish food delivery startup Getir has agreed to a restructure that will split the business and bring in a $250 million capital injection led by Abu Dhabi wealth fund Mubadala Investment Co.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
HSBC Sees $250 Million of India Swap Deals Before JPM InclusionHSBC Holdings Plc has executed nearly half the volume of bond-derivative trades in India’s international finance hub over the last month, ahead of the sovereign bonds’ inclusion in a key global index.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
BDC launches $250-million in financing for companies owned by Black, Indigenous and female entrepreneursThe funds are aimed supporting entrepreneurs from underrepresented communities who face obstacles because of systemic racism and discrimination
Source: globeandmail - 🏆 5. / 92 Read more »