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Perplexity AI in final stages of raising $500 million round at $9 billion valuation
Noel Moldvai
November 07, 2024
TL;DR
Perplexity AI in final stages of raising $500 million round at $9 billion valuation
Anthropic teams up with Palantir and AWS to sell AI to defense customers
Robot brain startup Physical Intelligence raises $400M at $2B valuation
OpenAI acquired Chat.com
Saudis plan $100 billion AI powerhouse to rival UAE tech hub
Perplexity AI in final stages of raising $500 million round at $9 billion valuation
Perplexity AI, an AI search engine startup, is nearing a $500 million funding round led by Institutional Venture Partners, boosting its valuation to $9 billion. This growth follows four funding rounds amid the generative AI surge. However, the company faces scrutiny over plagiarism allegations and launched a publisher revenue-sharing model.
Anthropic teams up with Palantir and AWS to sell AI to defense customers
Anthropic has partnered with Palantir and AWS to provide U.S. defense and intelligence agencies access to its Claude AI models. This collaboration integrates Claude within Palantir’s defense-accredited platform, enhancing data analysis and decision-making. The move aligns with Anthropic’s public-sector expansion efforts, following AI’s rising strategic importance in defense.
Robot brain startup Physical Intelligence raises $400M at $2B valuation
Physical Intelligence, a robotics brain developer, raised $400 million at a $2 billion valuation in a round led by Jeff Bezos, Lux Capital, and Thrive Capital. The startup aims to create a single, generalist brain for various robots. Other investors include OpenAI and Redpoint Ventures.
OpenAI acquired Chat.com
OpenAI has acquired the domain Chat.com, which now redirects to its chatbot, ChatGPT. Originally registered in 1996, the domain was bought last year by HubSpot’s co-founder Dharmesh Shah for $15.5 million, who has now sold it to OpenAI, reportedly in exchange for shares.
Saudis plan $100 billion AI powerhouse to rival UAE tech hub
Saudi Arabia is launching a $100 billion AI initiative to rival the UAE’s tech dominance. The project aims to build a significant technological hub, reflecting the kingdom's push to diversify its economy and position itself as a leader in AI and innovation in the region.
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Until next week!
Cheerio,
-Noel
These updates are for informational purposes only and do not represent an endorsement or investment recommendation by Augment Capital, LLC
Augment Markets, Inc. is a technology company offering software and data services, in addition to financial products and services through its wholly-owned but separately managed subsidiary, Augment Capital, LLC. Securities products are offered through Augment Capital, LLC, Member FINRA/SIPC.