SoftBank to invest in search startup Perplexity AI at $3 billion valuation, Bloomberg reports

:Eastern skills investor SoftBank Group Corp’s Imaginative and prescient Fund 2 is investing between $10 million and $20 million in U.S. search startup Perplexity AI at a valuation of $3 billion, Bloomberg Files reported on Thursday.

SoftBank will originate this investment as allotment of a closer $250 million funding round, the file said, citing other folks conversant in the matter.

The deal hasn’t been finalized and its phrases might peaceable alternate, it said.

Perplexity declined to commentary, while SoftBank didn’t reply to a Reuters’ quiz for commentary.

Perplexity’s search tools enable customers to salvage instant solutions to questions with sources and citations. It’s powered by quite a bit of sizable language objects that can sum up and generate recordsdata, from OpenAI to Meta’s birth-source model Llama.

San Francisco, California-basically based Perplexity AI in January raised $73.6 million from a neighborhood of investors including Nvidia and Amazon founder Jeff Bezos at a valuation of $520 million.

The firm had earlier said it served bigger than 500 million queries in 2023 while spending few marketing greenbacks.