What AI company did Jeff Bezos invest in?
Yet Amazon founder Jeff Bezos recently placed a bet on Perplexity AI, a startup that, despite the daunting odds, is taking on the search giant.
| Stock | Market capitalization | Year-to-date performance as of April 11 |
|---|---|---|
| Sana Biotechnology Inc. (SANA) | $2.1 billion | 129.4% |
| Uber Technologies Inc. (UBER) | $160 billion | 23.7% |
| Workday Inc. (WDAY) | $70.6 billion | -2.7% |
| Amazon.com Inc. (AMZN) | $1.9 trillion | 24.4% |
Jeff Bezos' investment has nearly doubled in the company in just a few months as Perplexity AI has reached 10 million monthly active users. Amazon founder Jeff Bezos has heavily bet on Perplexity AI, a startup that is taking on the search giant Google.
Amazon CEO Jeff Bezos has invested in Perplexity, which can challenge Google. It works as a chatbot-style search engine that responds to queries using OpenAI's GPT technology. It has been reported that it produces a direct text response to questions, rather than website links, using information from online sources.
Perplexity AI offers a free version with basic search capabilities and a $20/month Pro version with comprehensive features. ChatGPT comes in a basic free version for casual use and a Plus version at $20/month, which includes access to advanced GPT-4 technology.
OpenAI is a privately held company. This means only accredited and institutional investors can invest in the company before its IPO. Investors seeking exposure to OpenAI can invest indirectly via venture funds and investment syndicates, or purchase shares directly on pre-IPO marketplaces like Hiive.
Perplexity is not publicly traded on NYSE or NASDAQ in the U.S. To buy Perplexity's stock you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started. Can you sell Perplexity's stock? Yes, you can sell stock of a private company like Perplexity.
Gates' unsurprising top AI stock
You probably won't be surprised in the least by Gates' top AI stock. Almost 34% of the Gates Foundation Trust's portfolio is invested in Microsoft (MSFT 1.65%). The billionaire co-founded the technology company and served as its CEO for 25 years.
DeepMind Technologies Limited, doing business as Google DeepMind, is a British-American artificial intelligence research laboratory which serves as a subsidiary of Google. Founded in the UK in 2010, it was acquired by Google in 2014.
Look no further than iPhone maker Apple (AAPL 0.64%). The stock, which Buffett first bought in 2016, has grown to 44.2% of the portfolio. Nonetheless, Apple is a bonafide AI stock, and Buffett has only sold minimal shares despite sitting on tremendous unrealized gains today.
Which AI company is competing with Google?
The top three of Google AI's competitors in the Artificial Intelligence category are OpenAI with 39.36%, ARKit with 14.52%, ARCore with 9.92% market share.
Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models (FMs) from leading AI companies like AI21 Labs, Anthropic, Cohere, Meta, Mistral AI, Stability AI, and Amazon via a single API, along with a broad set of capabilities you need to build generative AI applications with ...
It's called Perplexity. The year-old search engine, whose founders previously worked in A.I. research at OpenAI and Meta, has quickly become one of the most buzzed-about products in the tech world.
Perplexity AI vs ChatGPT: Which is Better? Perplexity AI and ChatGPT both excel in different areas. Perplexity is better at providing accurate and up-to-date information, drawing upon reliable sources from the internet and citing them for verification.
As of 2024, GPT-4 continues to be the leading AI language model, known for its versatility and performance in various tasks. Perplexity excels in real-time web-based information retrieval, while Google Gemini focuses on real-time responses and fact-checking.
Perplexity was founded in August 2022 by Andy Konwinski, Denis Yarats, Johnny Ho, and Aravind Srinivas. Srinivas previously worked at OpenAI and now serves as Perplexity's CEO.
| Ticker | Company | Performance (Year) |
|---|---|---|
| NVDA | NVIDIA Corp | 200.92% |
| SOUN | SoundHound AI Inc | 71.43% |
| UPST | Upstart Holdings Inc | 53.78% |
| AVAV | AeroVironment Inc. | 53.22% |
| Company (TICKER) | 1-Year Return |
|---|---|
| Amazon.com, Inc. (AMZN) | 76% |
| ServiceNow, Inc. (NOW) | 64% |
| Palo Alto Networks, Inc. (PANW) | 36% |
| UiPath, Inc. (PATH) | 23% |
As of mid-May 2023, there are no plans for an OpenAI IPO on the horizon, but the Wall Street Journal reported on January 5 that the AI lab is in talks with venture capital firms to sell at least US$300 million worth of existing shares in the company. Which stocks will benefit the most from AI chatbot technology?
How much does Perplexity AI cost? Perplexity AI can be accessed for free, with limited features. To unlock uploads and more powerful AI models, Perplexity offers a Pro subscription plan: the monthly plan is billed at $20 per month while the annual plan costs $200 per year, with a savings of $40 annually.
How to invest in OpenAI GPT?
If you're not an accredited investor, there's no way for you to buy OpenAI stock directly. The best you can do is invest indirectly through Microsoft (MSFT), which has close ties to the lab. To date, Microsoft has invested $11 billion in the lab.
The company's core product is a search interface powered by OpenAI's GPT 3.5 and Microsoft Bing, providing summarized answers with verification citations (Source).
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| Nvidia (NVDA) | Technology | $1.91T |
| C3.ai (AI) | Technology | $2.53B |
| Meta Platforms (META) | Communication services | $1.22T |
| Data accurate as of April 22, 2024 |
xAI was founded by Musk in Nevada on March 9, 2023 and has since been headquartered in the San Francisco Bay Area in California. Igor Babuschkin, formerly associated with Google's DeepMind unit, was recruited by Musk to be Chief Engineer. Musk officially announced the formation of xAI on July 12, 2023.
Bill Gates in a 2023 photo. It's no secret that Bill Gates is bullish on artificial intelligence, but he's now predicting that the technology will be transformative for everyone within the next five years. The rise of AI has elicited fear that the technology will eliminate millions of jobs around the world.
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