Forge insights

AI exuberance has helped fuel extraordinary returns for many AI-related private market companies like OpenAI, Anthropic, and xAI, along with public market companies like AI chip leader Nvidia. But it’s not just the largest AI names making moves. The AI search engine Perplexity is another example of an AI company that may be a bit smaller than those in the Private Magnificent 7, but it's been growing exponentially.