Perovksite semiconductors have shown promise for low-cost solar cells, lasers and photodetectors, yet their fundamental photophysical properties are not well understood. Recent observations of a low (∼few meV) exciton binding energy and evidence of hot phonon effects in the room temperature phase suggest that perovskites are much closer to inorganic semiconductors than the absorber layers in traditional organic photovoltaics, signaling the need for experiments that shed light on the placement of perovskite materials within the spectrum of semiconductors used in optoelectronics and photovoltaics. Here we use four-wave mixing (FWM) to contrast the coherent optical response of CH3NH3PbI3 thin films and crystalline GaAs. At carrier densities relevant for solar cell operation, our results show that carriers interact surprisingly weakly via the Coulomb interaction in perovskite, much weaker than in inorganic semiconductors. These weak many-body effects lead to a dephasing time in CH3NH3PbI3 ∼3 times longer than in GaAs. Our results also show that the strong enhancement of the exciton FWM signal tied to excitation-induced dephasing in GaAs and other III-V semiconductors does not occur in perovskite due to weak exciton-carrier scattering interactions.Since the first integration of organo-lead trihalide perovskites into photovoltaic devices, 1 the efficiencies of solar cells using this material as the primary absorber layer have increased at an unprecedented rate, having reached over 20% in just a few years. 2 Progress in understanding the fundamental physical properties of these materials has been much slower to develop as the organic-inorganic pervskites are much more complex than both the typical organic semiconductors used in solution-processed photovolatics and traditional inorganic semiconductor solar cell materials. The relative importance of excitons and free carriers to the optical response and carrier transport in perovskite systems has been the subject of considerable controversy, 3-14 although a consensus is now emerging that excitonic effects are weaker than had previously been thought, 3,12-14 with optical phonons and the rotational motion of the CH 3 NH + 3 cations being identified as an essential contributor to dielectric screening and an associated reduction in the exciton binding energy (E b ). 3 Together with recent experiments showing evidence of phonon bottleneck effects 15 and the successful interpretation of numerous dynamic optical experiments considering only free carriers, 15-22 this suggests that the organo-lead trihalide perovskites are more similar to direct band gap III-V semiconductors like GaAs (characterized by E b ∼ 4 meV) than solution-processed organics in which excitonic effects govern both optical excitation and transport. 23 Nevertheless, many open questions remain regarding the fundamental photophysical properties of these promising photovoltaic materials.Here we contrast the coherent carrier dynamics in solution-processed perovskite films with the inorganic semiconductor GaAs usin...