Sri Muppidi

2 weeks ago | theinformation.com | Sri Muppidi

Abridge, a seven-year-old startup that sells artificial intelligence software for transcribing physicians’ conversations with patients, is in discussions with investors to raise hundreds of millions of dollars at around a $5 billion valuation before the investment, according to two people with knowledge of the plans. The funding would nearly double Abridge’s last private valuation, announced three months ago.

2 weeks ago | theinformation.com | Sri Muppidi

Source: The InformationPerplexity, the three-year-old startup that has raised nearly $900 million in just over a year, has been using some of its venture capital windfall to make acquisitions or hire staff from struggling startups, The Information reported Monday. The startup bought Sidekick, a six-year-old startup developing a distraction-free browser. The startup also hired employees from Rhymes AI, a startup founded by Kai-Fu Lee, former head of Google’s Chinese operations.

2 weeks ago | theinformation.com | Sri Muppidi

Earlier today we published a deep dive on Perplexity’s financials. The three-year-old startup’s AI powered search engine has made it one of the most highly valued and fastest growing AI startups. Supporting that growth is expensive. As a sign of its growing popularity, the number of questions people have asked the search engine increased five-fold, to 460 million, in December from the year-earlier period, the company has told investors.

2 weeks ago | theinformation.com | Sri Muppidi

Artificial intelligence–powered search engine Perplexity has rapidly increased its subscription revenue and users in the past year, despite tough competition from the free AI search tools of Google and OpenAI. Previously unreported financials show the cost of that growth. Perplexity generated $34 million in revenue last year.

3 weeks ago | theinformation.com | Sri Muppidi

Source: The InformationShares of Nebius, which runs data centers for artificial intelligence, have risen 30% since Friday, when The Information reported that database startup ClickHouse was in talks to raise money at a price that would triple its valuation. Nebius owns a 28% stake in ClickHouse. Nebius was formerly known as Yandex N.V., which was the Dutch holding company for Russian search giant Yandex.