Perplexity AI, an AI-powered search engine, is preparing for a new funding round aiming for a $20 billion valuation. This valuation marks a $2 billion increase from its previous $18 billion valuation following a July 2025 fundraising. The company's worth has increased significantly, surging 3,746% since January 2024 when it was valued at $520 million. Perplexity is also pursuing a $34.5 billion bid to acquire Google Chrome, a product linked to an ongoing Google antitrust case that might force Google to divest its ownership to mitigate market dominance concerns. The company currently boasts an annual recurring revenue of $80 million and 22 million monthly active users. Notably, competitors such as OpenAI are also showing interest in Google's browser amidst a growing competition in AI-driven web search.

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