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- Perplexity Takes on the AI Giants Plus Hot AI Stocks
Perplexity Takes on the AI Giants Plus Hot AI Stocks
Renjit Philip
May 04, 2025 • Estimated Reading Time: 7 minutes
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The question of whether a computer can think is no more interesting than the question of whether a submarine can swim.
Date: 4-May-2025
Hey AI enthusiast,
And just when you think you’ve seen it all…there’s always One More Thing in AI.
In this edition:
This edition is a short and sweet one!
Best,
Renjit
PS: Founders- In case you want to prototype and test AI automation /Agentic AI deployment in your business, schedule an appointment here:
Perplexity AI: Taking on the Tech Giants
Imagine a web browser that doesn’t just show you information but actually helps you make decisions and complete tasks. That’s the vision of Aravind Srinivas, CEO of Perplexity AI. He’s working to make this a reality.
What’s Happening:
• Perplexity AI is developing a new browser called Comet. This browser aims to integrate AI assistants directly into your browsing experience, making it more interactive and helpful.
• Srinivas describes Comet as a “containerized operating system.” It can access other services, read web pages, and perform tasks for you.
• This move puts Perplexity in competition with other AI companies like OpenAI and Google, who are also exploring AI-powered browsers.
Aravind Srinivas (source The Verge)
Strategic Moves:
• Perplexity has partnered with Motorola to have its AI assistant pre-installed on new Razr phones.
• This partnership was possible due to ongoing legal scrutiny on Google, which has opened opportunities for competitors like Perplexity.
• Perplexity has shown interest in acquiring Google’s Chrome browser if the U.S. government requires Google to sell it. They would love to buy out the US arm of TikTok as well.
Funding News:
• In December 2024, Perplexity closed a $500 million funding round, increasing its valuation to $9 billion.
• As of March 2025, the company is in talks to raise between $500 million and $1 billion, aiming for a valuation of $18 billion.
So What?
Perplexity AI is making bold moves- with innovative products and strategic partnerships, it’s positioning itself as a significant player in the evolving AI landscape. Will it beat Google and its amazing search business?
Snapshot of hot AI stocks
Here is a bunch of publicly listed AI or AI-adjacent stocks that I track periodically. I thought it will be useful for you too in case you are investing or tracking these for your own portfolio. Last week was a good for the Mag 7 stocks as they reported upbeat results.
Company Name | Ticker Symbol | Sector/Focus |
|---|---|---|
NVIDIA Corporation | AI chips, GPUs | |
Broadcom Inc. | AI chips, semiconductors | |
Amazon .com Inc. | Cloud AI (AWS), infrastructure | |
Microsoft Corporation | Cloud AI (Azure), OpenAI partnership | |
Meta Platforms Inc. | AI models (LLaMA), content algorithms | |
Alphabet Inc. (Google) | DeepMind, Gemini, AI search | |
Taiwan Semiconductor Mfg. Co. Ltd. | Advanced AI chips production | |
Synopsys Inc. | AI chip design tools | |
Arista Networks Inc. | AI networking hardware/software | |
Samsara Inc. | AI + IoT for industrial monitoring | |
ASML Holding N.V. | Lithography systems for AI chipmaking | |
Marvell Technology Inc. | Custom silicon for AI and cloud data centers | |
Alibaba Group Holding Ltd. | AI models (Qwen), cloud AI infrastructure |
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