all AI news
As AI Costs Soar, Some Startups Consider Selling
The Information www.theinformation.com
The founders of artificial intelligence startups spent much of the past year seeking capital to fund the high cost of developing their software. Now those costs have pushed some to consider another alternative—merging with a larger company.
Perplexity AI, a one-year-old San Francisco–based startup developing an AI-powered search engine, raised $25.6 million last March. By October, the company was generating around $3 million in annual recurring revenue, a measure of subscription sales.
Around that time, several companies expressed interest in …
ai-powered ai-powered search artificial artificial intelligence capital cost costs founders fund intelligence merging perplexity perplexity ai san francisco search search engine selling soar software startup startups