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Perplexity revenue jumps 50% in pivot from search to AI agents

San Francisco-based start-up surges from push into more complex and potentially more lucrative AI services

Perplexity’s revenues have jumped 50 per cent in a month, as the start-up accelerates its shift into AI agents in an effort to keep pace with larger and better-funded rivals.

Estimated annual recurring revenue rose to more than $450mn in March, after the launch of a new agent tool and a shift to usage-based pricing, according to figures seen by the FT.

The move marks a shift of focus away from its chatbot-style search engine, once seen as the biggest challenge to Google in two decades.

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