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Aravind Srinivas, co-founder and chief executive officer of Perplexity, during TechCrunch Disrupt in San Francisco, California, US, on Wednesday, Oct. 30, 2024.

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AI hunt engine Perplexity is in fundraising talks and hopes to raise around $ 500 million at an $ 8 billion valuation , according to The Wall Street Journal .

If a hand happens with those footing , it would more than double Perplexity ’s evaluation from its $ 3 billion valuation when itraised from SoftBankover the summer . The WSJ report that the fellowship currently receives about 15 million queries a day and bring in around $ 50 million in annualized tax revenue .

Perplexity uses AI to help citizenry look for the vane in a chatbot - style interface . Some word publishers haveaccused the companyof wildcat web scratching and plagiarization , and The New York Times has evensent Perplexity a cease - and - desist alphabetic character , but CEO Aravind Srinivas aver he want towork with publishersand has “ no interest in being anyone ’s antagonist here . ”

These fundraising talk hail after OpenAI announce raisinga $ 6.6 billion roundat a $ 157 billion valuation . While products like OpenAI ’s ChatGPT have blur the assembly line between chatbot and hunting engine , the company ismoving more directly into searchwith SearchGPT .

A Perplexity interpreter decline to comment on the WSJ account .

Google Search’s new ‘AI Mode’ lets users ask complex, multi-part questions

Perplexity launches its own freemium ‘deep research’ product

Perplexity AI submits bid to merge with TikTok

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