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At Axios' BFD event on Tuesday, Perplexity CEO Aravind Srinivas dismissed recent rumors that the company is raising a large new funding round.
Yes, but: He had this to say about AI companies' seemingly never-ending fundraising:
Investing in Elon Musk's xAI is an opportunity to get involved in "the Muskonomy" of ventures fronted by one of the world's wealthiest men.
Why it matters: xAI is said to be raising as much as $6 billion to catch up to rivals like OpenAI and Anthropic, and it needs a compelling story for investors.
