Perplexity is having a big week: a $500 million rumored round at a $14 billion price. What they’re offering investors is an at-bat with a company that has a credible chance of being a two-trillion-dollar company. OpenAI is clearly in the top spot. But Perplexity was first to the search plus LLM game, and they are at least a top-three contender. When we’re talking about going after Google’s two trillion market cap, even a low odds bet has a high expected value. Full links in the comments below.
Netscape? The OG internet!
Rory O'Driscoll Glad you threw down the 2T gauntlet. 1T is so boring!
Thoroughly enjoying listening to you! Some serious wisdom
Curious your thoughts on Google CEO discussion with All In Pod about why Google will not cede this to classic innovators dilemma.
AI search is a feature not a business. Search and Information Retrieval is a business, not a feature. VCs are smoking from the same pipe these entrepreneurs are. The leaders in Search (Google, Microsoft) have already added AI enhancements to their search business. Perplexity, which is rumored to employ Bing search under the covers, will see it's revenues are at risk of stagnating in the face of all other AI platforms adding search capabilities and we don't see any huge differentiator or moat in their business to win against Google or Microsoft or Meta in search.
Thanks for sharing, Rory
Great to see you in action, Rory O'Driscoll. Long time- hope you are well!
Thank you for sharing this insightful update on Perplexity's recent developments. It's fascinating to see how companies like Perplexity are positioning themselves in the competitive landscape of AI and search technologies. The potential to challenge established giants like Google is indeed ambitious, and the rumored valuation reflects the confidence investors have in Perplexity's capabilities and vision.
Amazing Rory O'Driscoll. You were a visionary when we first met in 2003 and still going strong!
Rory, I love YOU man, but how could you forget the Ask Jeeves IPO??? ;)