Perplexity CEO Aravind Srinivas just lately took to Reddit to deal with customers’ product complaints and reassure them that the corporate just isn’t below critical monetary stress.
Srinivas appeared to be responding, partly, to a consumer idea that the corporate is “doing horribly financially” and “making a lot of adjustments to chop prices.” For example, the theorizer pointed to Perplexity’s Auto mode, the place the AI search engine routinely selects the mannequin with which to reply a consumer’s immediate.
Quite the opposite, Srinivas mentioned Perplexity created Auto mode as a result of “all AI merchandise proper now are delivery continuous and including a ton of buttons and dropdown menus and litter,” which he mentioned is “not sustainable.”
“The consumer shouldn’t should be taught a lot to make use of a product,” he mentioned.
As for whether or not Perplexity is going through stress to chop prices or IPO, Srinivas mentioned, “We now have all of the funding we’ve raised, and our income is simply rising.” The truth is, he mentioned the corporate has “no plans of IPOing earlier than 2028.”
