[rvz]

Perhaps no-one could answer my question in [0] because many (including me) knew OpenAI would release their own search engine; eventually in [0].

"Who can tell me how and why is Perplexity.ai is worth $1BN? How much revenue are they making vs the amount of money they are burning? What is the justification of this valuation?" [0]

At this point with this unsurprising announcement, Perplexity is worth <$50M.

[0] https://news.ycombinator.com/item?id=40313461

[mrkramer]

It is worth $1BN because people who invested in it, think it is worth that much.

[marcosdumay]

Company valuations never have an explanation. At all. It's all whatever people at the moment guessed, usually with so little information that you'd be infuriated.

For non-traded companies, it's even worse, because it's less people, at fewer moments, and they don't even need to be honest. As a first approximation, non-traded companies do not have a valuation, any number you get is bullshit and you can get something with the same accuracy by just asking ChatGPT.