Perplexity AI challenges Google and OpenAI in AI industry, achieving impressive revenue growth.

From Nasdaq: 2024-08-09 09:04:51

In the world of artificial intelligence, Perplexity AI is taking on giants like OpenAI and Google. The company is achieving impressive revenue growth, reaching $35 million annually and answering millions of queries. Founded by ex-Google intern Aravind Srinivas, Perplexity has received funding from major players like Nvidia and Amazon.

Unlike competitors, Perplexity offers real-time data and has a revenue-sharing model with publishers. The company recently faced plagiarism accusations but continues to innovate. Turning to ads for revenue, Perplexity is poised to give Google Search a run for its money, as OpenAI also enters the search industry.

While Perplexity and OpenAI are not yet publicly traded, investors can explore other stocks in the AI space. Companies like Nvidia, Google, Microsoft, and Amazon are developing AI technology. By using tools like TipRanks’ Stock Comparison, investors can track performance and make informed decisions in the evolving AI market.



Read more at Nasdaq: Perplexity AI: First ChatGPT, Now Rival Google