Nvidia-backed Perplexity AI (NVDA) has introduced a new AI-powered web browser called Comet in order to challenge Google’s (GOOGL) dominance in the search and browsing market. The startup described Comet as a tool that turns entire browsing sessions into smooth, ongoing conversations. Indeed, users can ask questions, complete tasks, and conduct research through a single, intuitive interface that feels more like chatting than searching.
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Comet also includes an assistant that can help with a variety of tasks, such as comparing products, summarizing articles, booking meetings, and more. According to Perplexity, the assistant is able to maintain full context during interactions, thereby making complex tasks seem simple through straightforward conversations. For example, users can ask Comet to compare insurance options or explain how a specific technology works.
Interestingly, to protect privacy, Comet stores user data only within the browser and doesn’t use it to train its models. Furthermore, access to Comet will begin rolling out to Perplexity Max subscribers on July 9, with limited invitations sent out gradually over the summer. Each new user will also be able to invite others. The launch puts Perplexity in direct competition with OpenAI’s ChatGPT and Google’s AI Overviews, as the race to lead the AI-driven search market continues.
What Is a Good Price for NVDA?
Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 35 Buys, four Holds, and one Sell assigned in the past three months, as indicated by the graphic below. In addition, the average NVDA price target of $175.97 per share implies 7.9% upside potential.
