Confusion The move from AI-powered search to artificial intelligence (AI) agents is said to have paid off.
The company’s revenue jumped 50% last month, with estimated annual recurring revenue (ARR) surpassing $450 million in March, the Financial Times (FT) reported. I mentioned Wednesday (April 8), citing numbers seen by news outlets.
As the report notes, the move represents a pivot from the chatbot-style search engine it was once seen as A credible challenge to Google To AI agents that perform tasks on behalf of the user.
The Financial Times, citing company executives, said Perplexity has more than 100 million monthly active users of its search tools and agents. This includes tens of thousands of enterprise customers, with the company making money through consumer and enterprise subscriptions, which can cost between $20 and $200 per month.
The Financial Times notes that Perplexity’s growth is still dwarfed by that of other major AI startups. For example, a coding company Indicator He witnessed it R reaches $2 billion, up from less than $100 million in 2024. Anthropic reported that the annual rate of return $19 billion At the end of this February, while OpenAI It said it made $20 billion last year.
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Writing about the rise of agentic AI last month, PYMNTS pointed to research showing that many consumers are now using AI tools to help with their daily duties like planning trips, researching purchases, organizing personal finances, and learning about new topics.
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“Instead of serving as incidental companions, AI systems are becoming general-purpose assistants integrated into multiple aspects of everyday decision-making.” That report said. “This shift is important because habitual usage changes the starting point of digital activity.”
In other Perplexity news, this week the company introduced a new tax agent for ComputerAgent AI designed to complete complex tasks with limited human supervision.
“The difference between a computer and… General purpose AI chatbots “Tools like ChatGPT or Gemini respond to tax questions based on training data that has a specific deadline and no direct connection to existing IRS materials,” PYMNTS wrote.
This report referred to the testing of four major artificial intelligence chatbots conducted by it TaxSlayer Which found that the tools miscalculated the refund or amount owed by an average of more than $2,000 in eight fictional tax scenarios, even when the necessary forms were submitted.
Perplexity says it has addressed this problem by packaging tax knowledge as downloadable modules built on its Agent Skills protocol. These modules are continually updated and are based on IRS materials and regulations, allowing the system to apply current rules.
