CEO Brian Armstrong announced a new partnership between Coinbase and Perplexity, integrating crypto market data into the AI platform.
Announcement of Partnership
On Thursday, Brian Armstrong, CEO of Coinbase, announced a partnership with Perplexity, an AI-powered search engine. The partnership involves integrating market data from Coinbase, allowing users to access real-time information about digital assets.
Potential of AI and Crypto Integration
The partnership will be rolled out in two phases. The first phase includes pulling market data from Coinbase for Perplexity's new Comet browser. The second phase, expected soon, will allow users to receive responses related to Coinbase data.
Perplexity's Valuation and Ambitions
Founded in San Francisco in August 2022, Perplexity quickly gained popularity among users for its focus on delivering real-time information. As of late 2024, the company's valuation is approximately $9 billion. The partnership with Coinbase marks a new step in Perplexity's ambition to compete with other major players in the cloud technology market.
The partnership between Coinbase and Perplexity opens opportunities for deeper integration of AI technologies and cryptocurrencies, potentially enhancing the user experience in this field.
