SoftBank's Vision Fund 2 to Invest in Perplexity AI

SoftBank Group Corp's Vision Fund 2 is planning to invest between $10-20 million in Perplexity AI, a search startup based in the U.S. This investment would value the company at $3 billion as part of a larger $250 million funding round. It's important to note that the deal is still in progress, and terms may change.

Perplexity AI's search tools offer users instant answers with supporting sources and citations. The platform leverages advanced language models like OpenAI and Meta's Llama to summarize and generate information efficiently.

Headquartered in San Francisco, California, Perplexity AI recently received $73.6 million in funding from notable investors such as Nvidia and Jeff Bezos. Previously valued at $520 million, the company managed to handle over 500 million queries in 2023 with minimal marketing expenses.

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