AI startup Genspark raises $one hundred million to compete with Google, supply says..


Feb 21 (Reuters) - Search startup Genspark has raised $a hundred million in a chain A investment round, valuing the startup at $530 million, in keeping with a source acquainted with the problem, because the race to apply synthetic intelligence to disrupt Google’s (GOOGL.O), opens new tab stranglehold at the search engine marketplace heats up.

The Palo Alto-primarily based organization currently has over 2 million month-to-month energetic users, and the round became led by means of a group of U.S. And Singapore-based totally buyers, the source said.

The corporation raised a $60 million seed round ultimate June. Its CEO Eric Jing led Baidu's (9888.HK), opens new tab AI-powered cellphone and smart speaker Xiaodu unit.

Genspark is one in every of some of startups trying to uproot the hunt engine market dominated via Alphabet’s Google. AI-generated search effects can offer a single answer with citations, a ability user enjoy improvement compared to Google’s hyperlink lists.

Google itself is experimenting with AI search consequences, whilst OpenAI’s ChatGPT recently integrated net search abilities. Another large participant within the AI search space, Perplexity, has raised funds valuing it at $nine billion.

According to its weblog, Genspark says it has advanced a feature able to the usage of more than one AI models that work together to conduct in-intensity research on line. OpenAI, Perplexity and You.Com have also launched similar products