AI search start-up Perplexity challenges Google’s search dominance – Yahoo Finance
AI start-up Perplexity could be a viable challenge to Google’s current monopoly on search queries.
Perplexity is currently experiencing substantial revenue growth, with a monthly revenue rate of seven times the amount generated at the beginning of 2024. The company is on track to reach annual revenues of $35m this year, according to the Financial Times.
The company describes itself as ‘a free AI-powered answer engine that provides accurate, trusted, and real-time answers to any question’ in the same way that Google describes its mission being ‘to organise the world’s information and make it universally accessible and useful’.
Both companies seek to provide answers to user queries and focus on reliable results to increase adoption of the tools they produce.
Following a recent US court ruling that Google is a monopolist and illegally paid for default search engine placement, companies may look to alternative search engines to replace Google.
Google’s may have to relinquish some its…
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source: https://news.oneseocompany.com/2024/08/12/ai-search-start-up-perplexity-challenges-googles-search-dominance-yahoo-finance_2024081257992.html
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