Perplexity AI Reports Explosive Growth as Users Look for Browser Alternatives
Perplexity's AI-powered search engine is growing quickly, with CEO Aravind Srinivas reporting a 20% month-over-month increase and 780 million queries in May, according to TechCrunch. Speaking at the Bloomberg Tech Summit, Srinivas said that the platform could hit 1 billion weekly queries if growth continues. He also argued that internet users are looking for fresh alternatives to legacy browsers like Google's (GOOGL) Chrome, and that integrated search tools in a browser can drive even higher engagement.
Confident Investing Starts Here:
As a result, the company is preparing to launch Comet, which is a new agentic search engine that can help complete tasks for users. In addition, Srinivas noted on X that Comet will soon include features such as meeting recordings, transcription, and search, although these will not be available in the initial release. Nevertheless, Perplexity is working hard to polish the product, with a release expected in about three to five weeks.
It is also worth noting that Perplexity is backed by investors such as Nvidia (NVDA) and Amazon (AMZN) founder Jeff Bezos, and is reportedly closing a funding round that would value it at $14 billion, up from $9 billion in December. Moreover, the search engine recently added a new feature that allows in-chat purchases via PayPal (PYPL) or Venmo. Still, despite Perplexity's growth, Google still dominates the market with about 90% global market share, followed by Microsoft's (MSFT) Bing at around 4%.
Which Stock Is the Better Buy?
Turning to Wall Street, out of the stocks mentioned above, analysts think that NVDA stock has the most room to run. In fact, NVDA's average price target of $172.36 per share implies more than 21% upside potential. On the other hand, analysts expect the least from MSFT stock, as its average price target of $514.27 equates to a gain of 9.2%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tom's Guide
43 minutes ago
- Tom's Guide
Windows parental controls are crashing Chrome — here's the workaround
Windows 11's Family Safety feature is supposed to block certain websites from children, but apparently it's also been causing issues with Google's Chrome browser, a (vastly more popular) competitor to Microsoft's own Edge. The problem first surfaced on Windows on June 3, per The Verge, when several users started noticing they couldn't open Chrome or their browser would crash randomly. Restarting their computer or reinstalling Chrome didn't fix the issue, and other browsers like Firefox and Opera appeared unaffected. On Monday, a Google spokesperson posted in the company's community forum that it had investigated these reports and found the issues were linked to Microsoft's new Windows Family Safety feature. This optional feature is primarily used by parents and schools to manage children's screen time, filter their web browsing, and monitor their online activity. Curiously, the bug has been going on for weeks now, and Microsoft still hasn't issued a patch. 'We've not heard anything from Microsoft about a fix being rolled out,' wrote a Chromium engineer in a bug tracking thread on June 10. 'They have provided guidance to users who contact them about how to get Chrome working again, but I wouldn't think that would have a large effect.' While this issue could be an innocent bug, Microsoft has a history of placing annoying hurdles between Edge and Chrome to entice users to stick with its browser. So anytime a technical snafu makes Chrome run worse on Windows PCs, Microsoft understandably gets some serious side eye. Thankfully, there seem to be two ways to get around this bug while we wait for Microsoft to issue a fix, and they're both fairly simple. The most straightforward is to turn off the "Filter Inappropriate Websites" setting. Head to the Family Safety mobile app or Family Safety web portal, select a user's account, and choose to disable "Filter inappropriate websites" under the Edge tab. However, that'll remove the guardrails on Chrome and let your child access any website, including the ones you were trying to block in the first place. Get instant access to breaking news, the hottest reviews, great deals and helpful tips. If you want to keep the guardrails on and still use Chrome, some users reported that altering the name in your Chrome folder (to something like Chrome1, for example), got the browser to work again even with the Family Safety feature enabled.
Hamilton Spectator
2 hours ago
- Hamilton Spectator
Photos of luxury superyacht that sank off Sicily, killing 7, being lifted from the ocean
PORTICELLO, Italy (AP) — A British-flagged luxury superyacht that sank off Sicily in 2024, killing U.K. tech magnate Mike Lynch and six others, has been recovered from the sea. The 56-meter (184-foot) Bayesian was lifted by salvage crews near the port of Porticello, where it sank on Aug. 19 last year during a violent storm. A floating crane platform will move the Bayesian to the Sicilian port of Termini Imerese, where a special steel cradle is waiting for it. The vessel will then be made available for investigators to help determine the cause of the sinking. ___ This is a photo gallery curated by AP photo editors. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
3 hours ago
- Yahoo
Meta Discussed Buying Perplexity Before Investing in Scale
(Bloomberg) -- Meta Platforms Inc. held discussions with artificial intelligence search startup Perplexity AI Inc. about a possible takeover before moving ahead with a multibillion-dollar investment in Scale AI, according to people familiar with the matter. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown The two companies couldn't come to an agreement and decided not to pursue the deal, said the people, who asked not to be named as the details of the talks aren't public. The financial terms under discussion could not be learned. Perplexity recently closed a new round of funding at a $14 billion valuation. Meta also attempted to hire Perplexity Chief Executive Officer Aravind Srinivas to join the social media company's new 'superintelligence' team, which is focused on building more powerful AI systems, the people said. The talks with Meta, which have not previously been reported, highlight Meta CEO Mark Zuckerberg's willingness to use deals and big hires to catch up in the AI race. The talks took place before Meta finalized a $14.3 billion investment in Scale AI that gives it a 49% stake in the data-labeling startup. Meta and Perplexity didn't respond to requests for comment. Founded in 2022, Perplexity has emerged as one of the most prominent startups using generative AI to rethink core internet services. Perplexity is taking on Alphabet Inc.'s Google by offering an AI tool that summarizes search results, lists citations for its answers and helps users refine their queries to get the best responses. The startup is also developing an AI-powered web browser. Frustrated with the pace of Meta's AI development, Zuckerberg is making a concerted push to poach top AI talent from across the industry with lucrative pay packages. Meta has succeeded in hiring Scale AI's former CEO Alexandr Wang, as well as top researchers from Google DeepMind and Sesame AI Inc. Not everyone is jumping to join Meta, however. OpenAI CEO Sam Altman said in a podcast this week that some on his staff had been approached by Meta with offers of $100 million signing bonuses and even bigger compensation packages, but had declined to join the company. Meta has been in talks with former GitHub CEO Nat Friedman to recruit him to the new team, according to people familiar with the matter. The company has also been working on hiring Daniel Gross, the CEO of Safe Superintelligence, a research lab founded by former OpenAI chief scientist Ilya Sutskever, the person said. Meta has also held early discussions for a computing deal in which Safe Superintelligence would use Meta's data center infrastructure, the person said. Representatives for Safe Superintelligence did not immediately respond to request for comment. Other Big Tech firms, including Google and Inc, have tried to establish themselves as the backbone of the AI ecosystem by providing chips and cloud computing resources to artificial intelligence startups. Meta has not gone this route to date. --With assistance from Julia Love. (Story updated with new details on Meta's hiring efforts starting in the third paragraph.) Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
