Latest news with #Perplexity AI
CNA
a day ago
- Business
- CNA
Perplexity in talks with phone makers to pre-install Comet AI mobile browser on devices
Nvidia-backed Perplexity AI, the startup challenging Google with its AI-powered search engine, is in discussions with mobile device makers to pre-install its new Comet browser on smartphones, CEO Aravind Srinivas told Reuters on Friday. The move could significantly boost Perplexity's reach by capitalizing on browser "stickiness", where users tend to stick with browser apps that are pre-installed or set as default on their devices, potentially driving habitual use of the company's AI tools. "It's not easy to convince mobile OEMs to change the default browser to Comet from Chrome," Srinivas said, referring to original equipment manufacturers and highlighting the challenge of user inertia on mobile platforms. Comet, currently in beta and available only on desktops, integrates Perplexity's AI directly into web browsing, allowing users to ask questions about personal data like emails, calendars, or browsing history, and even perform tasks such as scheduling meetings or summarizing webpages. Perplexity aims to target "tens to hundreds of millions" of users next year after stabilizing the desktop version for a few hundred thousand initial testers, Srinivas said. Its efforts reflect a broader industry shift toward browsers with agentic AI capabilities, ones that need minimal human intervention to make decisions and achieve specific tasks. Reuters reported earlier this month that OpenAI is developing its own agentic AI browser, which could automate complex tasks such as booking travel or managing finances. As of last month, Google's Chrome had a market share of about 70 per cent in mobile devices, while Apple's Safari and Samsung's browsers together commanding another 24 per cent, according to Statcounter data. Bloomberg News reported in June that Perplexity was in talks with Samsung Electronics and Apple to integrate its AI search capabilities into their devices, potentially enhancing assistants like Bixby or Siri. Perplexity has completed a $500 million investment round, which valued it at $14 billion earlier this year. Its investors include Accel, Nvidia, Jeff Bezos and former Google CEO Eric Schmidt.
Reuters
a day ago
- Business
- Reuters
Perplexity in talks with phone makers to pre-install Comet AI mobile browser on devices
July 18 (Reuters) - Nvidia-backed Perplexity AI, the startup challenging Google (GOOGL.O), opens new tab with its AI-powered search engine, is in discussions with mobile device makers to pre-install its new Comet browser on smartphones, CEO Aravind Srinivas told Reuters on Friday. The move could significantly boost Perplexity's reach by capitalizing on browser "stickiness", where users tend to stick with browser apps that are pre-installed or set as default on their devices, potentially driving habitual use of the company's AI tools. "It's not easy to convince mobile OEMs to change the default browser to Comet from Chrome," Srinivas said, referring to original equipment manufacturers and highlighting the challenge of user inertia on mobile platforms. Comet, currently in beta and available only on desktops, integrates Perplexity's AI directly into web browsing, allowing users to ask questions about personal data like emails, calendars, or browsing history, and even perform tasks such as scheduling meetings or summarizing webpages. Perplexity aims to target "tens to hundreds of millions" of users next year after stabilizing the desktop version for a few hundred thousand initial testers, Srinivas said. Its efforts reflect a broader industry shift toward browsers with agentic AI capabilities, ones that need minimal human intervention to make decisions and achieve specific tasks. Reuters reported earlier this month that OpenAI is developing its own agentic AI browser, which could automate complex tasks such as booking travel or managing finances. As of last month, Google's Chrome had a market share of about 70% in mobile devices, while Apple's Safari and Samsung's browsers together commanding another 24%, according to Statcounter data. Bloomberg News reported in June that Perplexity was in talks with Samsung Electronics ( opens new tab and Apple (AAPL.O), opens new tab to integrate its AI search capabilities into their devices, potentially enhancing assistants like Bixby or Siri. Perplexity has completed a $500 million investment round, which valued it at $14 billion earlier this year. Its investors include Accel, Nvidia (NVDA.O), opens new tab, Jeff Bezos and former Google CEO Eric Schmidt.
Independent Singapore
2 days ago
- Business
- Independent Singapore
Perplexity AI's value jumps to US$18B after fresh US$100M funding
Photo: LinkedIn/Perplexity AI INTERNATIONAL: Perplexity AI, the artificial intelligence-powered search engine startup taking on Google, has raised another US$100 million in fresh funding, pushing its valuation up to US$18 billion (S$23 billion). The Edge Singapore reported, citing a person familiar with the matter, that the fresh funding is an extension of a previous funding round from earlier this year, which valued the company at US$14 billion. Perplexity declined to comment on the funding. Some details of the deal were earlier reported by the Financial Times. Perplexity, founded in 2022, has quickly become one of the leading names in generative AI. Its valuation jumped from US$1 billion to US$3 billion last year and then tripled again just months later. In March, Bloomberg News reported that the startup aimed to raise up to US$1 billion at a valuation of US$18 billion but later settled for a smaller investment at US$14 billion. With this latest funding, it's now back at its original valuation target. /TISG Read also: Nvidia CEO to sell more advanced chips to China after H20 ban, warns of 'tremendous loss' for firms in potential US$50B AI market () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
Yahoo
2 days ago
- Business
- Yahoo
OpenAI and Perplexity's New Browsers Make the Monopoly Claims About Google Look Foolish
The private sector is showing the flimsiness of the Justice Department's argument that Google has a monopoly on the search engine market. On July 9, Perplexity AI launched Comet, a web browser that promises a browsing experience "as fluid and responsive as human thought itself." Comet offers a choice of artificial intelligence models, including OpenAI's GPT, Anthropic's Claude, and Google's Gemini, allowing for tailored results, complete with citations and links. Meanwhile, OpenAI is "close to releasing an AI-powered web browser that will challenge Alphabet's market-dominating Google Chrome," according to Reuters. The introduction of these two browsers comes as the Justice Department looks to punish Google for its alleged market monopoly. In October 2020, the department sued Google for violating Section 2 of the Sherman Act by "unlawfully maintaining monopolies in the markets for general search services." The case was decided in the government's favor in August 2024, despite U.S. District Court Judge Amit Mehta's statement that Google had not "achieved market dominance by happenstance." Instead, he added, "It has hired thousands of highly skilled engineers, innovated consistently, and made shrewd business decisions. The result is the industry's highest quality search engine, which has earned Google the trust of hundreds of millions of daily users." As covered by Reason's Jack Nicastro, when the Justice Department won its antitrust case against Google in 2024, one proposed remedy was a forced divestiture of Chrome from Google's portfolio, aiming to create a level playing field and "open up the market for rivals and new entrants to emerge." Antitrust experts and smaller search engines, such as Mozilla's Firefox, have opposed the proposed divestiture. Even if it were to go through, "Google would still dominate the [general search engine] market," explains Nicastro, who points out that people would still use the search engine on Safari, Firefox, and Edge. Today, Google controls 68 percent of the global browser market, and a 89.6 percent share of the global search engine market, its lowest share in over two decades. Advances in technology and shifts in consumer behavior have led to increased competition in the space. OpenAI has already reached $10 billion in annual revenue, with 500 million users engaging with ChatGPT on a weekly basis, according to CNBC. Perplexity, which launched in 2022, has received backing from several high-profile investors, including NVIDIA, Apple, and Meta (the latter two have sought to acquire Perplexity, according to CNN). The company's run rate, a forecast of its future performance based on current revenue and financial data, is expected to be more than double its 2024 rate of $80 million by the end of 2025. With over 22 million active users and 13.9 million app downloads, Perplexity appears to be a potential competitor to Google in the market. The success of companies like Perplexity and OpenAI should demonstrate to the Justice Department that the market is capable of handling dominant companies without heavy-handed government intervention. The post OpenAI and Perplexity's New Browsers Make the Monopoly Claims About Google Look Foolish appeared first on 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
