Perplexity AI in talks to raise funds at $18 billion valuation, source says

(Reuters) -Perplexity AI is in talks to raise funds at an $18 billion valuation, a person familiar with the matter told Reuters on Thursday, as the Nvidia-backed startup looks to grow and capture soaring demand for its search tools. The jump in valuation doubles the previous $9 billion figure, reported by Reuters in November. Perplexity is an AI startup that provides information by searching the internet, just like ChatGPT and Google's Gemini, and is backed by Amazon.com founder Jeff Bezos and Japan's SoftBank Group.