Source : INDIA TODAY NEWS
AI is making it easier to do almost everything. Be it assignments, homework, coding, and apparently, starting companies. AI startup Perplexity is so confident that its AI agent, Perplexity Computer, can help build you a company, that it is offering to invest a million dollars (roughly over Rs 9 crore) if you succeed.
On X, Perplexity announced a competition called the “Billion Dollar Build.” The pitch is quite simple – create a company using Perplexity Computer that can reach a valuation of $1 billion. Here is all you need to know.
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What is Perplexity’s Billion Dollar Build?
The Billion Dollar Build is a competition open to Perplexity users. In this challenge, you must use Perplexity Computer as the primary tool to design, validate, and build a company with a “credible path” to a $1 billion valuation.
Perplexity Computer is a multi-agent AI platform that can do tasks on your behalf. It works like an AI agent that can run multiple AI models, be it from Anthropic, OpenAI, or Google, based on the requirement.
But to achieve this feat, you only have a period of 8 weeks. The company’s official website states that the entire process must be completed within this period, be it shipping the product or onboarding users.
The Perplexity website suggests startup such as personal relocation agents or a localisation platform for apps that can translate and localise a service for different regions.
What’s the prize for Perplexity’s contest
After 8 weeks, Perplexity will pick up to 3 winners who will get $1 million in seed funding from the Perplexity Fund and up to $1 million in Perplexity Computer credits to help build and scale their businesses.
Do note people have created billion-dollar companies with AI in the past. US entrepreneur, Matthew Gallagher, used AI tools like Claude and ChatGPT to create a company called Medvi, which has a revenue of over $2 billion.
How to enter Perplexity’s contest?
To enter, participants must register starting April 14, 2026 with an active Perplexity Max or Pro subscription as of April 13. They must submit a product package including a video, application, and traction data such as users, revenue, or growth by June 2, 2026.
The top ten finalists will present their products live on June 9, with a five-minute pitch followed by a five-minute question-and-answer session with judges. Winners will be announced on June 10, after which investment discussions will commence.
Do note that only US residents over the age of 18 are eligible to participate. Though you may participate individually or in a team of 2.
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SOURCE :- TIMES OF INDIA
