Perplexity CEO Aravind Srinivas not too long ago took to Reddit to address users’ product complaints and reassure them that the corporate isn’t beneath severe monetary stress.
Srinivas appeared to be responding, partly, to a user theory that the corporate is “doing horribly financially” and “making a lot of modifications to chop prices.” For instance, the theorizer pointed to Perplexity’s Auto mode, the place the AI search engine robotically 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 transport continuous and including a ton of buttons and dropdown menus and muddle,” 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 dealing with stress to chop prices or IPO, Srinivas mentioned, “We’ve got 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.”