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AI STARTUP PERPLEXITY
Zepto's market position; TCS' AI verdict at AGMZepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.- Activate picks stake in ElevenLabs in first global growth-stage AI betVenture capital firm Activate has made its first global growth-stage AI investment in ElevenLabs. This New York-based voice AI company cons...
- Snap says $400 million AI search deal with Perplexity was called off "amicably"Snap has amicably ended its partnership with AI startup Perplexity, canceling plans to integrate Perplexity's AI search into Snapchat. The ...
- Snap flags ad revenue hit from Middle East conflict, slower North America growthSnap experienced a decline in advertising revenues during the first quarter, largely impacted by ongoing tensions in the Middle East and a ...
- Platforms, brands accelerate agentic commerce push as fintechs plug payment gapsIndian ecommerce giants like Flipkart and Bigbasket are building AI storefronts to enable agentic commerce, allowing AI to shop autonomousl...
- Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
- Glade Brook in talks to join Sarvam’s funding; AI startup may hit $1.5 billion valuationUS-based Glade Brook Capital is in discussions to invest $20-25 million in Sarvam AI's $320-350 million funding round, valuing the AI start...
- Anthropic, Cursor backer Accel raises $5 billion for big AI betsVenture capital firm Accel has raised $5 billion in new funds, with $4 billion dedicated to its fifth Leaders fund for late-stage AI startu...
- Perplexity CEO Aravind Srinivas says revenue hit $500 million after Computer pivotPerplexity AI has announced a fivefold revenue increase, reaching $500 million while limiting headcount growth to 34%. This significant rev...
- Consumer company CTOs want engineers who can think, not just codeNew-age companies are prioritizing senior engineers with creativity, curiosity, and ownership as they become AI-first. Hiring for engineeri...
- IT mojo returns pre-Q4 results; Flipkart's AI sprintIT stocks have gained momentum ahead of Q4 results. This and more in today's ETtech Top 5.
- Perplexity’s revenue has shot up 50% in one month, amid shift in focus to AI agents: FTPerplexity’s revenue jumped 50% in a month, crossing $450 million ARR, as it pivots towards AI agents. Growth is driven by new tools, usage...
- Product design startup Noon emerges from stealth mode with $44 million fundingSan Francisco-headquartered startup Noon has emerged from stealth mode with $44 million in funding from Chemistry, First Round Capital, Scr...
- A16z-backed Yupp AI shuts down operations; here is whyLaunched for public use in June last year, Yupp was a free-to-use platform that provided users with response options generated by over 500 ...
- Perplexity signs $750 million AI cloud deal with Microsoft, Bloomberg News reportsThe three-year deal will allow Nvidia-backed Perplexity to run a range of AI models through Microsoft's Foundry program, including systems ...
- New York Times sues Perplexity AI for 'illegal' copying of contentThe New York Times has filed a lawsuit against AI startup Perplexity. The Times claims Perplexity copied and used its articles without perm...
- Perplexity shopping bot not welcome at Amazon shopAmazon has ordered AI startup Perplexity to stop its Comet bot from shopping on its site, claiming it breaks rules and gives poor customer ...
- Apple to buy Perplexity, valued at $14 billion? Dan Ives says iPhone maker can’t build its own AIApple is struggling to keep pace in the AI race, leading Wedbush Securities analyst Dan Ives to suggest acquiring AI startup Perplexity. Iv...
- As race for AI startups heats up, Apple, Meta mull Perplexity acquisitionWhile Apple’s internal discussions on potentially bidding for the AI startup are at an early stage, a Bloomberg News report said that Meta ...
- AI startup Perplexity closes funding round at $9 billion valuePerplexity, founded in 2022, has distinguished itself from other AI chatbots by providing more real-time information. But the startup faces...
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