After Missing Nvidia Rally, Masayoshi Son Is Giving AI Investment Another Try: SoftBank Is Reportedly Investing In Jeff Bezos-Backed AI Startup That's Taking On Google Search

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What Happened: SoftBank’s Vision Fund 2 is planning to invest between $10 million to $20 million in Perplexity AI, a startup that aims to utilize AI to compete with Alphabet Inc.’s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google search, Bloomberg reported on Thursday, citing people familiar with the matter.

Masayoshi Son-led SoftBank Group Corp.(OTC:SFTBY) (OTC:SFTBF) is set to invest in the Amazon.com Inc.founder Jeff Bezos-backed artificial intelligence startup Perplexity AI at a valuation of $3 billion, in a bid to bolster its AI portfolio.

This investment is part of a larger $250 million funding round, which will triple Perplexity’s valuation and position it as one of the industry’s most highly valued companies.

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Category: Technology

Markets: United StatesJapan

Topics: Startups Jeff Bezos News GOOGL Tech Perplexity AI Artificial intelligence Masayoshi Son US38259P5089 SFTBY US38259P7069 GOOG SFTBF Benzinga JP3436100006

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 06:42:35 (3 days ago)

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News Source URL: benzinga.com

Language: English

Article Length: 473 words

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