Coin World News reports that on July 18, according to the Financial Times, the AI startup Perplexity has a valuation of $18.00 billion after its latest round of financing. The company has received support from well-known investors such as Nvidia and SoftBank and is currently negotiating a new round of $1.00 billion financing with investors. With its AI-driven search technology, Perplexity is accelerating its challenge to the position of traditional search engine giants like Google. [Coin World News]