News Summary

Perplexity, known for its AI-powered search engine, has introduced Perplexity Labs, a new tool available for Pro subscribers that enables the creation of reports, spreadsheets, dashboards, and interactive applications. This tool enhances functionality with features like AI-driven spreadsheet generation and interactive dashboard creation. The Labs suite performs comprehensive research and data analysis using various tools such as deep web browsing, code execution, and chart creation, allowing users to transform their ideas into actionable projects. Perplexity’s expansion beyond its core search engine business includes developing a web browser named Comet and the acquisition of Read.vc. The company’s ongoing efforts to cater to corporate needs are evident as it seeks substantial investment, reportedly aiming to raise up to $1 billion at an $18 billion valuation.