Back to today’s briefing

Story perspectives

AI Bubble Fears: Perplexity Soars to $18 Billion

7/20/2025

44 5

Summary

Story summary

Perplexity, the AI search engine, has skyrocketed in value from $500 million to an astonishing $18 billion in just a few months. This meteoric rise has sparked fears of an AI bubble, with asset manager Torsten Sløk warning of possible overvaluation in the S&P 500 and a looming market crash reminiscent of the dotcom bust in 2000.

1 of 1

Story summary

Perplexity, the AI search engine, has skyrocketed in value from $500 million to an astonishing $18 billion in just a few months. This meteoric rise has sparked fears of an AI bubble, with asset manager Torsten Sløk warning of possible overvaluation in the S&P 500 and a looming market crash reminiscent of the dotcom bust in 2000.