$5 billion in added valuation in just 6 months on $35 million in annual revenue [^1]. That's a 400× multiple for a company that mostly wraps other companies' LL

$5 billion in added valuation in just 6 months on $35 million in annual revenue [^1]. That's a 400× multiple for a company that mostly wraps other companies' LLMs [^2]. Is that a bubble popping, or just my headphones? [1]: https://www.ft.com/content/7621cd5f-901e-4948-879d-011e0edb3bed https://www.ft.com/content/7621cd5f-901e-4948-879d-011e0edb3... [2]: https://www.perplexity.ai/hub/technical-faq/what-advanced-ai-models-does-perplexity-pro-unlock https://www.perplexity.ai/hub/technical-faq/what-advanced-ai...