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.

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.

Perplexity AI, the artificial intelligence-driven search engine startup, is on the verge of securing $500 million in new funding, which will boost its valuation to $9 billion, according to a source familiar with the matter as detailed in a report by CNBC.