The artificial intelligence search company is raising $500 million in its fourth funding round this year.

Generative artificial intelligence search startup Perplexity AI Inc. reportedly is finalizing the details of a mammoth new funding round that would increase its valuation to a cool $9 billion.

AI-powered search engine Perplexity is due to raise $500 million in its fourth funding round this year, The Wall Street Journal reported on Tuesday, which would value the startup at almost $9 billion.

Perplexity is raising new investment that would value the search startup at $9 billion, a source familiar with the matter said on Tuesday, a sign of heightened investor enthusiasm around artificial intelligence companies.