Latest news with #BloombergTechSummit
Business Insider
13 hours ago
- Business
- Business Insider
Perplexity AI Reports Explosive Growth as Users Look for Browser Alternatives
Perplexity's AI-powered search engine is growing quickly, with CEO Aravind Srinivas reporting a 20% month-over-month increase and 780 million queries in May, according to TechCrunch. Speaking at the Bloomberg Tech Summit, Srinivas said that the platform could hit 1 billion weekly queries if growth continues. He also argued that internet users are looking for fresh alternatives to legacy browsers like Google's (GOOGL) Chrome, and that integrated search tools in a browser can drive even higher engagement. Confident Investing Starts Here: As a result, the company is preparing to launch Comet, which is a new agentic search engine that can help complete tasks for users. In addition, Srinivas noted on X that Comet will soon include features such as meeting recordings, transcription, and search, although these will not be available in the initial release. Nevertheless, Perplexity is working hard to polish the product, with a release expected in about three to five weeks. It is also worth noting that Perplexity is backed by investors such as Nvidia (NVDA) and Amazon (AMZN) founder Jeff Bezos, and is reportedly closing a funding round that would value it at $14 billion, up from $9 billion in December. Moreover, the search engine recently added a new feature that allows in-chat purchases via PayPal (PYPL) or Venmo. Still, despite Perplexity's growth, Google still dominates the market with about 90% global market share, followed by Microsoft's (MSFT) Bing at around 4%. Which Stock Is the Better Buy? Turning to Wall Street, out of the stocks mentioned above, analysts think that NVDA stock has the most room to run. In fact, NVDA's average price target of $172.36 per share implies more than 21% upside potential. On the other hand, analysts expect the least from MSFT stock, as its average price target of $514.27 equates to a gain of 9.2%.
Yahoo
19 hours ago
- Business
- Yahoo
AI Search Engine Perplexity Gains Traction vs. Google
Perplexity keeps breaking records, clocking 780 million searches in Maya 20% jump from Aprilas CEO Aravind Srinivas told Bloomberg Tech Summit attendees that people are tired of legacy browsers like Chrome. If Perplexity can keep this momentum, Srinivas believes it could hit 1 billion weekly queries soon, thanks to everything happening in its search bar, new-tab page and sidecar interface that drives extra engagement. Warning! GuruFocus has detected 3 Warning Sign with PYPL. The startup, backed by Nvidia (NASDAQ:NVDA) and Jeff Bezos, is also gearing up to launch Comet within three to five weeks. Comet is Perplexitys new agentic search service that does things for youlike record your virtual meetings, transcribe them and let you search what was said. Srinivas admitted building those features has been harder than anticipated, but he says reliability and speed have improved, and everyones working super hard to get the browser out in your hands. Perplexity just added a way to buy products directly in chat via PayPal (NASDAQ:PYPL) or Venmo, hinting at future revenue beyond ads. That matters because Google (NASDAQ:GOOG) still owns about 90% of search trafficand even though Bing sits in second with around 4%, Perplexitys off-the-charts growth and $14 billion valuation (up from $9 billion in December) show investors are betting that a browser-native, AI-first experience could steal user time and queries. Investors should keep an eye on whether Perplexity can sustain these gains once Comet goes live; this summers traffic pick-up and early feedback on Comet will be key gauges. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19 hours ago
- Business
- Yahoo
AI Search Engine Perplexity Gains Traction vs. Google
Perplexity keeps breaking records, clocking 780 million searches in Maya 20% jump from Aprilas CEO Aravind Srinivas told Bloomberg Tech Summit attendees that people are tired of legacy browsers like Chrome. If Perplexity can keep this momentum, Srinivas believes it could hit 1 billion weekly queries soon, thanks to everything happening in its search bar, new-tab page and sidecar interface that drives extra engagement. Warning! GuruFocus has detected 3 Warning Sign with PYPL. The startup, backed by Nvidia (NASDAQ:NVDA) and Jeff Bezos, is also gearing up to launch Comet within three to five weeks. Comet is Perplexitys new agentic search service that does things for youlike record your virtual meetings, transcribe them and let you search what was said. Srinivas admitted building those features has been harder than anticipated, but he says reliability and speed have improved, and everyones working super hard to get the browser out in your hands. Perplexity just added a way to buy products directly in chat via PayPal (NASDAQ:PYPL) or Venmo, hinting at future revenue beyond ads. That matters because Google (NASDAQ:GOOG) still owns about 90% of search trafficand even though Bing sits in second with around 4%, Perplexitys off-the-charts growth and $14 billion valuation (up from $9 billion in December) show investors are betting that a browser-native, AI-first experience could steal user time and queries. Investors should keep an eye on whether Perplexity can sustain these gains once Comet goes live; this summers traffic pick-up and early feedback on Comet will be key gauges. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
AI 版 Google？Perplexity AI 每月查詢量達 7.8 億次，AI 瀏覽器快將推出
Perplexity AI logo is seen in this illustration taken January 4, 2024. REUTERS/Dado Ruvic/Illustration 黃仁勳也曾公開表示喜歡使用的 AI 搜尋引擎 Perplexity，CEO Aravind Srinivas 在 Bloomberg Tech Summit 上透露他們的服務在 2025 年 5 月達到 7.8 億次查詢，同時正以每月 20% 的增長速度快速發展。他預測若維持此增長速度，Perplexity 將在一年內達到每週 10 億次查詢。 Perplexity 的發展正正是以 Google 為模板，因為在 AI 搜尋引擎之後，他們正開發一款名為 Comet 的全新瀏覽器，旨在將 AI 從提供答案升級至執行完整操作。例如，用一條指令完成整個瀏覽流程。Srinivas 稱 Comet 不僅是一個瀏覽器，而是「認知操作系統（cognitive operating system）」，讓 AI 成為用戶生活中的個人化助手。 Srinivas 認為在瀏覽器上的用戶會是有無限的留存率，因為所有發生在搜尋列、分頁、網頁之上的瀏覽、互動，都會成為活躍用戶的一個額外查詢，同時能吸引那些厭倦了傳統瀏覽器（點名 Google Chrome 瀏覽器）的新用戶。 Comet will have a native virtual meets recording, transcription and searches over them. Won't be part of the first release, but very fast follow up. As for release date: it's going to take a min of three weeks and a max of five weeks. Reliability and latency have improved over… — Aravind Srinivas (@AravSrinivas) May 13, 2025 Srinivas 在上個月曾經透露過 Comet 瀏覽器將會追蹤用戶活動以支持高效廣告投放，類似 Google 的盈利模式。首個版本的 Comet 預計將會在 6 至 7 月面世，會具備虛擬會議記錄、轉錄及智能搜索等功能。 更多內容： Perplexity received 780 million queries last month, CEO says ChatGPT 唯一對手？主打 AI 搜尋的 Perplexity 是什麼？ 緊貼最新科技資訊、網購優惠，追隨 Yahoo Tech 各大社交平台！ 🎉📱 Tech Facebook： 🎉📱 Tech Instagram： 🎉📱 Tech WhatsApp 社群： 🎉📱 Tech WhatsApp 頻道： 🎉📱 Tech Telegram 頻道：
Time of India
a day ago
- Business
- Time of India
Facebook parent Meta tech chief has a 'US military' reminder for Silicon Valley, says: Return to ...
Andrew Bosworth, CTO, Meta Meta's chief technology officer Andrew Bosworth has issued a stark reminder to Silicon Valley about its foundational relationship with the US military, suggesting that a renewed partnership marks a "return to grace" for the tech industry. Speaking at the Bloomberg Tech Summit, Bosworth emphasised that the tech industry was originally built on military collaboration, and that a 'silent majority' in Silicon Valley has always supported defense projects. He emphasised that the region was essentially built on a "three-way investment between the military, academics, and private industry." Meta's defense tech push Bosworth's remarks follow Meta's recent partnership with Anduril Industries , a defense tech firm, to develop AI-powered military gear , including augmented reality helmets. He stated that Silicon Valley's roots in military innovation had been severed over time, but the industry is now reopening to defense collaborations. "The effort has been funded through private capital, without taxpayer support, and is designed to save the US military billions of dollars by utilizing high-performance components and technology originally built for commercial use," Anduril said in its May statement. Historically, many tech companies avoided military contracts, with employees protesting defense-related projects. However, Bosworth believes the tides have turned, and that patriotism and technological advancement can coexist. Bosworth clarified that Meta's partnership with Anduril does not signal a shift toward defense contracting. "They have a system within a program, and we're simply supplying them with components. Everything we're developing is designed for consumers, with a clear focus on consumer audiences," he stated. He further explained, "A lot of this technology has potential for multi-use applications, and that's where I see an opportunity to build a partnership."
