fintech / news / / The Economic Times
Despite rapid expansion and a $20 billion valuation, it still trails larger rivals like Open.
Perplexity's annual recurring revenue surpassed $450 million in March after a 50% monthly jump.
KEY POINTS
- The company has shifted from a chatbot search engine to focusing on AI agents and agentic tools.
- Perplexity launched Comet, an AI-powered browser, and Computer, an agent product, in 2024.
- A new usage-based pricing model gives premium users credits and charges extra for overages.
- Despite rapid growth, Perplexity's scale remains well below rivals like OpenAI and Anthropic.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →