Project
An on-premises AI agent product from Perplexity that runs tasks locally on dedicated Nvidia hardware rather than in the cloud, aimed at professional users.
The Information puts Perplexity's annualized revenue above $750m, up from under $250m in January, and the app user counts grew nowhere near that fast, which makes metered credits and enterprise seats the thing a buyer is actually pricing.
Reality
Portable Computer keeps agent work on hardware you own and asks permission before any single step escalates. The entry fee is 24GB of VRAM and a paid subscription.
Reality
Portable Computer runs the agent's control plane on device and charges only when a task goes to the cloud. The part that decides when that happens is also the part nobody has priced or locked down.
Reality
The Information reports a valuation more than 50% above the last round, with a licensing arrangement considered alongside it. Buyers of AI search should read the roadmap as supplier-driven.
Reality
A reported check into a company that rents its compute instead of buying GPUs pushes the circular financing question one step further from anything a filing will show.
Reality