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WSJ Tech News Briefing

TNB Tech Minute: AI Search Startup Perplexity Doubles Valuation to $1 Billion

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 5 March 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: Salesforce CEO donates $150 million to Hawaii hospitals. And Tesla plant in Germany halts production after suspected arson attack. Charlotte Gartenberg hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:04.0

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0:11.0

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0:16.0

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0:20.0

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0:25.0

Contentful, where content drives business momentum.

0:29.0

Here's your TMB Tech Minute for Tuesday March 5th. I'm Charlotte Gartenberg for the Wall Street Journal.

0:37.0

We are exclusively reporting that Artificial Intelligence Search StartUp Proplexity is finalizing a new funding deal at

0:44.8

around a $1 billion valuation. That's according to people familiar with the matter.

0:50.8

That's roughly double its valuation since its most recent financing a few months ago.

0:55.0

The one-year-old AI startup is aiming to challenge Google's dominance in web search.

1:00.0

It uses advanced AI models to provide direct answers to search queries rather than a list of website links.

1:07.0

In another exclusive, we are reporting that Salesforce CEO Mark Benioff is donating 150 million dollars to Hawaii's

1:16.1

health care system. His largest single philanthropic gift comes amid rising

1:20.4

tensions between local residents and the wealthy tech executives flocking to the

1:24.6

aloha State.

1:26.2

The funds are for improving a hospital in Oahu, where many of the victims of last year's

1:30.6

massive wildfires and Maui were treated, as well as one on the Big Island of

1:35.0

Hawaii where the billionaire lives part-time.

1:38.8

And in Germany, Tesla has halted production at its plant outside Berlin after what police said was a suspected

1:45.0

arson attack on the power grid by opponents of the factory's planned expansion.

1:49.9

Police said they believe attackers set a high voltage pylon ablaze overnight about 3 to 6 miles from the plant.

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