Wayra, the company enterprise capital arm of Telefonica, stated it has invested an undisclosed sum in Perplexity, a US-based startup that has developed a man-made intelligence (AI)-powered reply engine. Based in 2022, Perplexity says it makes use of superior AI to grasp the intent of queries and supply real-time, correct and contextual solutions to all varieties of questions utilizing pure language processing (NLP).
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Wayra Invests in Perplexity
Wayra believes that Perplexity is an organization with a differentiated proposition that may revolutionise the way in which customers discover data on the Web by permitting customers to ask questions straight and obtain clear and concise solutions from a curated set of related sources.
“With a conversational interface, Perplexity presents personalisation and a transparent listing of sources cited to enhance the accuracy and relevance of the solutions supplied,” Wayra stated.
With this funding, Wayra joins Perplexity’s different present prestigious buyers resembling Nvidia, Databricks, Jeff Bezos, Stanley Druckenmiller, Bessemer Enterprise Companions, NEA, and IVP, amongst others.
Telefonica Indicators Industrial Settlement
Telefonica additionally introduced that it has signed a worldwide business settlement with Perplexity to supply preferential advantages to its prospects in Brazil, the UK, and Spain, whereas exploring alternatives to develop this partnership to different nations.
“The funding in Perplexity is a part of one of many new keys of Wayra’s funding technique in main know-how markets such because the US, in high-growth firms with international presence and attain, and leaders in applied sciences resembling AI,” stated Chema Alonso, Chief Digital Information of Telefonica. “With this business settlement, we’re additionally reinforcing Telefonica’s dedication to integrating cutting-edge applied sciences into the corporate and providing transformative experiences like Perplexity’s ‘reply engine’ to our prospects.”
Aravind Srinivas, Co-Founder and CEO of Perplexity says: “This funding from Wayra not solely validates our AI-powered strategy but additionally opens up thrilling alternatives for international growth. We sit up for persevering with to associate with Telefonica to push the boundaries of what’s potential in AI-driven data discovery and to create transformative experiences for customers worldwide.”
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Perplexity expertise via Tv
Telefonica has additionally launched what it claims to be the world’s first Perplexity expertise via tv, permitting customers to work together with the platform through the Movistar Plus+ Voice Distant. Prospects can ask questions and obtain AI-generated solutions in real-time, displayed on display and spoken aloud, the official launch stated.