By Dana Leigh
Publication Date: 2025-11-19 10:01:00
The Cerebral Valley AI Conference in San Francisco is an event that brings people across the AI industry together to discuss innovations, industry insights and news.
But this year, as reported by Business Insider, Perplexity AI was voted the ‘most likely to fail’ billion-dollar AI company.
The verdict came from a vote placed by 300 founders, investors and researchers at the event in San Francisco.
The outcome has quickly become a talking point across Silicon Valley, as it raises important questions not just about Perplexity, but about the state of the AI industry and crucially, whether there really is an AI bubble waiting to pop.
Who Is Perplexity AI?
Founded by former OpenAI researcher Aravind Srinivas in 2022, Perplexity is a conversational AI company, that is designed to replace traditional search engines.
The company uses AI to find information from the web and synthesise it into information designed to answer the asker’s query. In short, it’s a clearer, more in-depth alternative to something like Google Search.
Perplexity has also raised multiple rounds from investors, recently seeing its valuation jump to as high as $50 billion. (Business Insider)
And whilst many have praised its quick rise, others have been quick to warn about how it may be a sign that the AI bubble is growing ever-closer to bursting.
Why Did The Industry Vote Perplexity “Most Likely To Fail”?
The poll was an interesting (and…
