Perplexity AI in talks to raise funds at $18 billion valuation, Bloomberg News reports
The company has discussed raising between $500 million and $1 billion in the round, the report added.
The AI startup has been upgrading features on its platform to better compete with Google's Gemini and Microsoft-backed (MSFT.O), opens new tab OpenAI's ChatGPT.
OpenAI closed a $6.6 billion funding round in October, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world.
Perplexity did not immediately respond to a Reuters request for comment.
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