Perplexity AI in Final Stages of Raising $500 Million Round at $9 Billion Valuation

The startup competes against the likes of Google and ChatGPT-maker OpenAI.

Perplexity AI, the artificial-intelligence search engine startup, is in the final stages of raising $500 million in funding at a $9 billion valuation, a source familiar with the situation told CNBC.

Perplexity most recent valuation was $3 billion in June. Institutional Venture Partners, a Bay Area-based firm, is leading the new round, according to the so…