Perplexity AI Updates: April 15, 2026

1. Perplexity Launches “Billion Dollar Build” Competition with $1M Seed Investment Prize

Perplexity. Perplexity opened registration for its “Billion Dollar Build” — an 8-week competition for founders to use Perplexity Computer to build a company with a clear path to a $1 billion valuation. The prize pool includes up to $1 million in seed investment from the Perplexity Fund plus $1 million in Computer credits across up to three winners, with finalists presenting live on June 9. The competition is open to U.S. residents holding an active Perplexity Max or Pro subscription, positioning Computer as a platform for autonomous startup building rather than just research assistance. Source