Perplexity AI Inc. has raised $100 million in a new funding round that values the company at $18 billion, showcasing investor confidence in AI advancements.

Perplexity AI Inc., an AI startup, has raised $100 million, bringing its valuation to $18 billion. This deal extends a previous financing round that valued the company at $14 billion. The investments highlight the investment surge in leading AI startups. Perplexity has rapidly become a major player in generative AI.