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Here's your TNB Tech Minute for Tuesday, November 5th. I'm Cordelia James for the Wall Street Journal.

We're exclusively reporting that artificial intelligence startup perplexity is finalizing

a new funding round that would triple its valuation from a few months ago to $9 billion.

The AI-powered search company is set to raise $500 million.

That's according to people familiar with the matter.

Institutional venture partners, which also holds a board seat in the startup,

will lead Perplexity's fourth funding round this year.

The funding round would turn Perplexity into one of the most valuable young AI startups

to come out of the

generative AI boom.

It was valued at just $520 million at the start of this year.

Some of the world's most guarded semiconductor technology has ended up in Huawei Technology's

new AI chips.

Core circuitry from Taiwan's semiconductor manufacturing company, the world's largest

contract chip manufacturer, was found in Huawei's ASE-910B chips. That's according to people

familiar with the matter. The Huawei AI chip is one of China's top homegrown alternatives to

NVIDIA's high-end offerings that remain off-limits to buyers in China.

This highlights how difficult it is to stifle China's tech supply chain, despite U.S. export

controls and sanctions.

Huawei, which has been bolstered by billions of dollars in state support in recent years,

...