Perplexity AI targets $8B valuation in new funding
Wall Street Breakfast
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Perplexity AI Seeks Significant Valuation Increase Amid Funding Efforts
This chapter covers Perplexity AI's ambitious goal to raise $500 million to enhance its valuation beyond $8 billion, amid a shift from a subscription model to an advertising-based revenue strategy. It also touches on UBS's complete divestment from SwissCard to American Express.
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