{"id":827117,"date":"2024-06-28T10:18:50","date_gmt":"2024-06-28T04:48:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=827117"},"modified":"2024-06-28T10:18:50","modified_gmt":"2024-06-28T04:48:50","slug":"softbank-to-back-ai-startup-perplexity-at-3-billion-valuation","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/06\/28\/softbank-to-back-ai-startup-perplexity-at-3-billion-valuation\/","title":{"rendered":"SoftBank to back AI startup Perplexity at $3 billion valuation"},"content":{"rendered":"<p>SoftBank Group Corp.\u2019s Vision Fund 2 is investing in US artificial intelligence startup Perplexity AI at a $3 billion valuation, Masayoshi Son\u2019s latest bet on a sector he deems crucial to securing his legacy.<\/p>\n<p>SoftBank will invest between $10 million and $20 million in the firm, which aims to use AI to compete with Alphabet Inc.\u2019s Google search, according to people familiar with the matter. It\u2019s investing as part of a larger $250 million funding round that triples Perplexity\u2019s valuation and makes it one of the industry\u2019s most highly valued companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SoftBank Group Corp.\u2019s Vision Fund 2 is investing in US artificial intelligence startup Perplexity AI at a $3 billion valuation, Masayoshi Son\u2019s latest bet on a sector he deems crucial to securing his legacy. SoftBank will invest between $10 million and $20 million in the firm, which aims to use AI to compete with Alphabet Inc.\u2019s Google search, according to people familiar with the matter. It\u2019s investing as part of a larger $250 million funding round that triples Perplexity\u2019s valuation and makes it one of the industry\u2019s most highly valued companies.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-827117","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/827117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=827117"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/827117\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=827117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=827117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=827117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}