Perplexity, a search-based chatbot, is looking to raise around $500 million to double its valuation to $8 billion or more, with annualized revenue currently at approximately $50 million, a significant increase from $10 million in March. This would mark the company’s fourth funding round in just a year, showcasing its rapid growth and appeal to investors.
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Meta Tries to Stop Sarah Wynn-Williams From Further Selling Scathing Memoir
Meta secured a legal victory against former employee Sarah Wynn-Williams, temporarily banning her from promoting or distributing her tell-all memoir containing allegations of sexual harassment at the company. The arbitrator found grounds for a potential contract violation, leading to private arbitration. While Ms. Wynn-Williams must halt book promotions and retract disparaging comments, the publisher, Flatiron Books, plans to continue promoting the book despite Meta's denial of the allegations. Full Article
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