SoftBank to back AI startup Perplexity at US$3 billion valuation

SOFTBANK Group’s Vision Fund 2 is investing in US artificial intelligence (AI) startup Perplexity AI at a US$3 billion valuation, Masayoshi Son’s latest bet on a sector he deems crucial to securing his legacy. SoftBank will invest between US$10 million and US$20 million in the firm, which aims to use AI to compete with Alphabet... Read More