Perplexity is worth 22 Billion dollars despite being entirely outclassed in every regard. It does absolutely nothing better than Gemini and many things worse than it. And I think it’s holding its valuation purely due to old investors that don’t understand that it’s a glorified wrapper as well as pure AI FOMO. Let’s think about what actually gives perplexity value or uniqueness over its competitors: “Perplexity has all the latest info and cites the web on every search.” Gemini Web Search has auto-citations too and they’re better and free. “Perplexity let’s you pick the model that suits you” Yeah, because it’s a wrapper. And their custom model isn’t good. “It has deep research” Every AI does. “It has built in browser support if you download their browser” Gemini does it better and it’s built into Chrome directly. No one wants to download perplexity browser. “They can shift their business model to a specific corporate niche.” Good luck beating Microsoft at that. Perplexity will become the next Pets.com. They’re currently battling 10 LAWSUITS AT ONCE over throttling their users secretly, copyright infringement, and illegal scraping. Their own subreddit is full of people calling it trash. And they now want to raise the valuation from 22 billion to 30 billion. That’s like if you enrolled a dead body into a beauty pageant because you think you can make the most beautiful dress. It’s still a dead body. I don’t know what it’ll take for this company to implode. I hope it does soon because if the evaluation keeps going up that’s basically proof we’re in an AI bubble. submitted by /u/person2567
Originally posted by u/person2567 on r/ArtificialInteligence
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