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Jeff Bezos has invested in a startup that is challenging search engine Google’s dominance. It’s unclear how much the Amazon boss paid, but $74 million has been invested in Perplexity. The startup, which uses artificial intelligence to change the way people find information online, is valued at $520 million. The company’s product is an “Ask Me Anything” forum that his San Francisco-based team of less than 40 people calls “Answer Engine.”
Chatbot style search engine
According to the Wall Street Journal, Perplexity uses OpenAI’s GPT technology to function as a chatbot-style search engine that responds to queries. It has been reported that information from online sources is used to generate a direct text response to the question, rather than a link to a website, and that information is also included with the answer.
Challenge to Google
CEO Aravind Srinivas said in an interview with the Wall Street Journal:
“No one needs those 10 blue links if you can directly answer someone’s question.” A more powerful version of Perplexity’s search engine uses OpenAI’s most advanced technology, GPT-4. Access is available for $20 per month, he said.
In an article published on its official website, Perplexity writes: “We have raised $73.6 million in Series B funding from trusted VC firms and prominent technology visionaries. IVP is grateful for the continued support from our seed and Series A investors NEA and Elad. Gil, Nat Friedman, Databricks, and new investors NVIDIA, Jeff Bezos (via Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, Kindred Ventures, among others. ”
The Wall Street Journal also revealed that 10 million people use Perplexity’s website and mobile app every month. In November alone, the number of visitors reached 53 million, up from 2.2 million in December 2022, when the service was first available.
FAQ:
How is Jeff Bezos supporting Perplexity?
Jeff Bezos has invested in a startup that is challenging search engine Google’s dominance. It’s unclear how much the Amazon boss paid, but $74 million has been invested in Perplexity. The startup, which uses artificial intelligence to change the way people find information online, is valued at $520 million.How does perplexity work?
Perplexity functions as a chatbot-style search engine that uses OpenAI’s GPT technology to answer queries. They have been reported to use information from online sources to answer questions directly in text rather than linking to a website.
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