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Perplexity AI Raises $63 Million, Vision Pro Sales Slow, Meta Takes A Tumble

Apr 26, 2024 - forbes.com
Perplexity AI, a search engine that uses AI to answer questions directly, has raised $63M in funding, increasing its valuation to over $2.5B. The company plans to use the funds to expand globally and offer a new plan for enterprise customers, including security features and data tracking. Meanwhile, Meta's stock has fallen due to continued investments in the Metaverse and AI, despite its core advertising business facing challenges. However, the company's stock price has tripled since the introduction of AI, and Meta recently launched its new Meta AI based on Llama 3 across all platforms.

In other news, Tesla's sales are down 19% from a year ago, but CEO Elon Musk maintains that the company will prosper as a pioneer in autonomous ridesharing and robotics. Iyo's CEO, Ted Rugolo, introduced custom-molded AI earbuds at the TED conference, and startup Trace emerged from stealth with a $2M pre-seed round for its AR content creator app. Finally, Apple's Vision Pro is moving slowly, with shipments for 2024 cut from 700-800k to 400-450K units.

Key takeaways:

  • Perplexity AI Search Engine has raised $63M, increasing its valuation to over $2.5B. The company plans to use the funds to expand globally and offer a new plan for enterprise customers.
  • Meta's stock value dropped by $200B due to continued investments in the Metaverse and AI, despite facing challenges in its core advertising business.
  • Meta has opened its VR Quest OS, now Horizon OS, and will make its App Store compatible with outside headsets. ASUS, Lenovo, and XBox will be the first to license Meta’s Horizon VR OS.
  • Tesla's sales are down 19% from a year ago, but Elon Musk believes the company will prosper as a pioneer in autonomous ridesharing and robotics.
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