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perplexity ai nearing 500 million funding round at 9 billion valuation

Perplexity AI is nearing the completion of a $500 million funding round, boosting its valuation to $9 billion, up from $3 billion in June. The startup, which competes with Google and OpenAI, has faced controversy over alleged content plagiarism but has introduced a revenue-sharing model for publishers. With over 2 million app downloads and 230 million monthly queries, Perplexity continues to grow amid the generative AI boom.
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