AI Search Startup Raises $26 Million to Offer Rival to Google
source link: https://finance.yahoo.com/news/ai-search-startup-raises-26-110035896.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
AI Search Startup Raises $26 Million to Offer Rival to Google
AI Search Startup Raises $26 Million to Offer Rival to Google
(Bloomberg) -- Perplexity AI, which makes a conversational search engine using artificial intelligence, has raised $25.6 million in a funding round led by New Enterprise Associates, the latest deal in the booming AI sector.
Most Read from Bloomberg
Perplexity is part of a growing wave of startups seeking to use artificial intelligence to loosen Google’s hold on online search. Among its investors are a striking number of Google’s own AI researchers.
The San Francisco-based startup offers up a new model of search. Users type simple queries on its website — one recently popular example: “Why can’t we digest grass?” — and Perplexity responds with short answers generated by its AI systems. Along with the funding round, the company on Tuesday launched an iOS app, after finding that a majority of its traffic comes from mobile devices.
The startup has quickly found a following, and has attracted a star-studded roster of investors, including Yann LeCun, the chief AI scientist for Meta Platforms Inc. Its backers also include at least six current and former AI researchers at Google and sister company DeepMind, including Jeff Dean, Google’s senior vice president for research and AI, who was an angel investor in the company in its early stages, according to data from research firm PitchBook.
The outsized presence of Google staffers among the startup’s investors speaks to Google’s ubiquity in the burgeoning field of artificial intelligence — and to how the company’s foundational work in the field often spills over beyond its Mountain View, California campus.
Those putting their money behind new chat interfaces such as Perplexity and ChatGPT, the wildly popular chatbot from OpenAI, are betting the new tools will eventually siphon users away from Google’s core search product. Alphabet Inc.’s Google is seeking to move faster in AI, with executives declaring a “code red” shortly after the release of ChatGPT. Yet many of its competitors in the field are staffed by researchers who have left its AI labs — and, in the case of Perplexity, also funded by them.
TechCrunchNeubility plans to roll out 400 lidar-free delivery and security robots by year-end
Last-mile robotics startup Neubility -- which makes autonomous delivery robots that work without lidar -- says that it plans bump its fleet up to 400 by the end of this year, up from the 50 it currently has in circulation. The plans also include launching a new security robot alongside its models dedicated to delivery. Fittingly for a startup now focused on mobility, Neubility has come a long way from its original product, a haptic glove device for video games.
14h ago
BloombergGoogle Asks Judge to Dismiss DOJ’s Digital Ad Antitrust Case
(Bloomberg) -- Alphabet Inc.’s Google asked a US judge to dismiss the government’s case against its dominance in the digital advertising market. Most Read from BloombergFBI Releases Files on Ivana Trump$52 Billion Chipmaking Plan Is Racing Toward FailureBanks in France Face More Than $1.1 Billion Fines After RaidsSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksMarkets Are Wrong on US Rate-Cut Bets, BlackRock SaysThe move shows how hard Google plans to fight against the Justice De
1d ago
BenzingaAutonomous Vehicle Software Developer Oxbotica Taps Google Cloud To Expand Global Presence
British-based autonomous vehicle software developer Oxbotica collaborated with Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Cloud to fast-track the deployment of its autonomous software platform globally. The partnership will combine Google Cloud's expertise in cloud infrastructure with Oxbotica's autonomous vehicle software to create scalable, safe, and reliable autonomous driving solutions for any business with transportation in its value chain, including last-mile logistics, light indus
13h ago
BenzingaKevin O'Leary-Backed Startup Lets You Become a Venture Capitalist With $100
With over $650 million raised, The Kevin O’Leary-backed StartEngine has helped hundreds of thousands of everyday investors become venture capitalists with relatively small sums of money. The startup investing platform is already used by hundreds of thousands of investors investing millions into hundreds of different startups. The site makes investing in startups easy, especially for new users. After you go on the platform, you can browse hundreds of startups backed by top venture capital firms,
11h ago
FortuneA famous market watcher who called the subprime mortgage crisis is warning that stocks are about to crash: ‘It’s the highest probability since COVID’
Larry McDonald developed a framework for analyzing stock market risk after his experience during the subprime mortgage crisis, and he says all his indicators are flashing warning signs.
6h ago
Investor's Business DailyShort Sellers Are Betting Serious Money 11 Stocks Will Crash Soon
Short sellers are getting bold again. And they've picked their favorite stock market targets to crash.
2d ago
BloombergSchwab’s $7 Trillion Empire Built on Low Rates Is Showing Cracks
(Bloomberg) -- On the surface, Charles Schwab Corp. being swept up in the worst US banking crisis since 2008 makes little sense.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkThe firm, a half-century mainstay in the brokerage industry, isn’t overexposed to crypto like Silvergate Capital and Signature Ba
1d ago
Investor's Business DailyStock Market Weakens; Warren Buffett Makes A Quick $450 Million; Micron Stock Slides Ahead Of Earnings
Tech led the stock market lower Tuesday, with major benchmarks weakening in the last hour. Berkshire Hathaway's Warren Buffett made $450 million on Occidental Petroleum after a Cowen upgrade. Berkshire added more shares in March.
8h ago
CoinMarketCapFallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured
Aiden Pleterski led a lavish lifestyle and owned McLaren sports cars and a Lamborghini — and even rented a plush waterfront home for $45,000 a month.
2d ago
BenzingaMedical Properties Trust REIT Loses More Than 50% Of Its Value In 9 Months
A major real estate investment trust (REIT) has lost more than half its value since its early August 2022 highs. Medical Properties Trust Inc. (NYSE: MPW) this week is making new 52-week lows as the months-long downward slide shows no sign of stopping. The REIT is suffering, along with many others in the sector, from investors dumping shares as the banking crisis remains front-page news and the Federal Reserve keeps raising interest rates. Lower expectations for a pivot – where rates begin to go
7h ago
TheStreet.comElon Musk Warns a New Financial Crisis Is Knocking at the Door
Commercial real estate debt and mortgages are a 'serious' threat to the economy, warns the serial entrepreneur and billionaire.
1d ago
ReutersAMC Entertainment shares jump on report Amazon exploring a deal
Amazon founder Jeff Bezos has dispatched his investment advisers and top entertainment chiefs to explore acquisition plans for AMC, entertainment industry news website The Intersect reported, citing sources familiar with the discussions. AMC and Amazon declined to comment on the report.
7h ago
BenzingaIf You Invested $10K In American Tower 5 years Ago, Here's How Much You Would Be Making In Dividends Today
Investors searching for solid dividend stocks often look at a company’s dividend growth history as a guide to what to expect in the future. A company with a solid dividend growth history proves its ability to generate consistent earnings and gives an investor confidence that the dividend yield could continue to increase over time. When it comes to real estate investment trusts (REITs), many of the better ones will raise dividends perhaps once or twice per year. But consider one REIT that has dem
1d ago
Barrons.comFisher Investments Moves to Texas Over Taxes
The firm said it was relocating “immediately” from Washington after the state’s supreme court cleared the way for a capital gains tax.
5h ago
Investor's Business DailyMicron Misses Quarterly Targets Amid Memory-Chip Sales Downturn
Memory-chip maker Micron missed Wall Street's low expectations for its fiscal second quarter as it struggles through an industry downturn.
4h ago
TheStreet.comCathie Wood Calls Out the Nasdaq
Cathie Wood is all about disruption, which is why she laments what is happening to the Nasdaq. The Ark Invest financial guru has repeatedly called out the Nasdaq for no longer being the disruptive force it was envisioned to be, and Wood believes that the reason the major indices have become more risk averse is the tech and telecom bubble from the late 90s.
11h ago
The Wall Street JournalRussia’s Economy Is Starting to Come Undone
Investment is down, labor is scarce, budget is squeezed. Oligarch: ‘There will be no money next year’
11h ago
MoneyWise‘This is ruining electric cars’: A top YouTube tech reviewer called out one of the biggest drawbacks of EVs in a viral video — here's the major issue and 3 companies looking to solve it
Read this before you trade in your gas guzzler.
1d ago
Barrons.comAltria’s CEO Explains Why the Dividend Is Big and Getting Bigger
The maker of Marlboro cigarettes is spending big on smoke-free products, but is committed to its payout.
1d ago
BenzingaEl Salvador's Bitcoin Boom: How the World's First Crypto Nation's Big Bet Is Stabilizing Its Economy, Proving Critics Wrong, and Paying Back Its Debt
When El Salvador President Nayib Bukele made the controversial decision to make Bitcoin legal tender in his country, many people were skeptical and concerned about the potential risks. Bukele announced on Twitter that the country would purchase one Bitcoin (CRYPTO: BTC) each day starting Nov. 18, 2022. How is that going in 2023? The latest news out of El Salvador suggests that the government's bet on cryptocurrency is paying off. Don’t Miss: This Startup Built the World's First AI Marketing Plat
10h ago
Zacks3M (MMM) Loses -6.26% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
3M (MMM) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
12h ago
ZacksBlock (SQ) Surges 6.1%: Is This an Indication of Further Gains?
Block (SQ) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
10h ago
InvestopediaIntel's AI, Data Center Webinar on Wednesday: Here's What to Expect
Intel (INTC) investors will get a look at the company's artificial intelligence and data center plans at an investor event on Wednesday. The computing company will host a webinar as investors buzz over the company's potential for AI technology. The chipmaker will also give an update on its plans for its data center segment.
11h ago
InvestopediaMicron Could Report Largest Ever Loss in Q2
Micron reports Q2 FY 2023 results on March 28. Analysts expect the widest-ever net losses and revenue less than half what it was a year earlier.
9h ago
Barrons.comWhy Bank Failures Haven’t Crashed the Stock Market
Did someone forget to tell the stock market to crash? Amid a string of bank failures and bailouts this year, the S&P 500 index has somehow sneaked nearly 4% higher, not counting dividends. Earnings estimates look increasingly unrealistic, wrote Morgan Stanley stock strategist Mike Wilson in a Monday report.
3h ago
Barrons.comAlibaba Is Laying the Ground for a Breakup. Amazon and Alphabet Should Consider Doing the Same.
The Chinese tech company announced it will break itself into six pieces. The move gave Alibaba's shares a shot in the arm.
4h ago
Investor's Business DailyIs AMD Stock A Buy Before Chipmaker's March-Quarter Report?
Advanced Micro Devices stock has risen on expectations for continued market share gains in processors for PCs and servers. After a pullback in its shares, is AMD stock a buy right now?
14h ago
Yahoo FinanceStock market news today: Stocks fall, bond yields rise
U.S. stocks wavered on Tuesday during midday trading, while bond yields continued to extend gains as investors monitored the latest developments in the banking sector after the sale of Silicon Valley Bank.
5h ago
ZacksEnergy Market Is Volatile: 3 Midstream Stocks to Keep an Eye On
Amid heightened volatility, it would be wise for investors to keep an eye on midstream stocks like DCP Midstream (DCP), The Williams Companies (WMB) and MPLX LP (MPLX).
12h ago
BloombergOptions Traders Make Record Bets on $3 Billion Regional-Bank ETF
(Bloomberg) -- A $3 billion exchange-traded fund tracking regional banks has become the battleground for traders placing their wagers on the outlook for the industry following the recent financial turmoil.Most Read from BloombergFBI Releases Files on Ivana Trump$52 Billion Chipmaking Plan Is Racing Toward FailureBanks in France Face More Than $1.1 Billion Fines After RaidsSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksMarkets Are Wrong on US Rate-Cut Bets, BlackRock SaysOptions
11h ago
Investor's Business DailyAT&T Flashes Improved Technical Strength; Mimicking Previous Breakout?
A Relative Strength Rating upgrade for AT&T shows improving technical performance. Will it continue?
10h ago
Barrons.comAlibaba Stock Soars. An Unprecedented Shakeup Could Unlock Major Value.
Alibaba will split itself into six units in a bid to unlock shareholder value. It's the biggest overhaul in the history of one of China's most important companies.
10h ago
The Wall Street JournalLyft’s New Boss Quickly Loses His Signing Bonus
David Risher helped an online bookseller figure out how to also move DVDs, toys, stereos and garden supplies. Lyft announced late Monday that co-founders Logan Green and John Zimmer are stepping down from their respective roles as chief executive and president of the ride-sharing company to hand the wheel to Mr. Risher. The change takes place on April 17 when Mr. Risher will take over the CEO post and Messrs.
10h ago
TheStreet.com3 Unduly Punished High-Yield Bank Stocks to Buy
These names offer investors sustainable dividend yields of 5%+ alongside attractive share price upside potential.
1d ago
SmartAssetSocial Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them
Retirement account withdrawals not only help you cover basic living expenses, but they also can fund the lifestyle you've always envisioned in your golden years. That money, however, can have unintended tax consequences. Required minimum distributions (RMDs) and other withdrawals … Continue reading → The post Social Security Taxes Can Hit You Hard in Retirement. Here's How to Lower Them appeared first on SmartAsset Blog.
1d ago
BloombergAmericanas’ Former CEO Was in Charge for 9 Days. Then the Retailer Collapsed
(Bloomberg) -- In his first public comments since blowing the whistle on a 20 billion real ($3.8 billion) accounting hole on Jan. 11 that led to the collapse of one of Brazil’s most well-known retailing chains, Sergio Rial told senators that he was kept in the dark before taking over and then immediately realized the firm was insolvent.Most Read from BloombergFBI Releases Files on Ivana Trump$52 Billion Chipmaking Plan Is Racing Toward FailureBanks in France Face More Than $1.1 Billion Fines Aft
8h ago
Barrons.comBuy Nvidia Stock Because the Chip Maker Is an AI Play, Says Analyst
Bernstein analyst Stacy Rasgon lifted the price target on Nvidia stock to $300 from $265, and reiterated his Outperform rating. The shares are the "best way" to play artificial intelligence, he wrote.
10h ago
BenzingaAlibaba To Restructure Seeking Fresh IPOs, Lucid Recalls Over 600 Air Vehicles, Disney Pulls Plug On Metaverse Unit: Today's Top Stories
Benzinga Alibaba Shares Pop: Company To Restructure Into 6 Independent Entities To Unlock Value, Eye Fresh IPOs Jack Ma's Alibaba Group Holding Limited (NYSE: BABA) will reorganize its businesses into six independently run entities. The restructuring aims to streamline management and shorten decision-making, taking a page out of the playbook of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Alibaba CEO Daniel Zhang will delegate operational decisions, including hiring and firing, research, profit,
10h ago
BloombergBrazilian Billionaire Says ‘Any Intern’ Would Have Seen SVB Risk
(Bloomberg) -- Billionaire Andre Esteves, the co-founder and chairman of Brazil’s Banco BTG Pactual SA, said that “any junior analyst” from Latin America would have known how to manage the interest rate risk on Silicon Valley Bank’s balance sheet to avoid its collapse. Most Read from BloombergFBI Releases Files on Ivana Trump$52 Billion Chipmaking Plan Is Racing Toward FailureBanks in France Face More Than $1.1 Billion Fines After RaidsSchwab’s $7 Trillion Empire Built on Low Rates Is Showing Cr
11h ago
BloombergMarkets Are Wrong on US Rate-Cut Bets, BlackRock Says
(Bloomberg) -- The Federal Reserve will keep raising interest rates despite traders betting otherwise as fears of a banking crisis convulse markets, according to BlackRock Inc.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBanks in France Face More Than $1.1 Billion Fines After RaidsMarkets Are Wrong on US Rate-Cut Bets, BlackRock SaysAlibaba Shares Soar After Historic Overhaul Heralds IPO WaveThe world’s biggest money man
16h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK