The financial technology sector, which experienced a significant drop in valuations, has now reached a “bottom,” according to industry leaders and investors.
Perplexity, an AI-powered search engine supported by Jeff Bezos and frequently used by Nvidia CEO Jensen Huang, highlights concerns over Google's ad-heavy model. The CEO of the AI search engine cites decreasing engagement and a growing desire for more direct, user-centric search experiences.
Elon Musk-led xAI has raised $6 billion in its Series B funding round, launching it into the company of AI startups like OpenAI, and Anthropic, among others.