Perplexity’s move from AI-powered search to artificial intelligence (AI) agents has reportedly paid off.
The company’s revenues have jumped 50% in the last month, with estimated annual recurring revenue (ARR) topping $450 million in March, the Financial Times (FT) reported Wednesday (April 8), citing figures seen by the news outlet.
As the report notes, the move marks a pivot from the chatbot-style search engine once viewed as a credible challenge to Google to AI agents that perform tasks on user’s behalf.
