Perplexity CEO Aravind Srinivas not too long ago took to Reddit to handle customers’ product complaints and reassure them that the corporate is just not underneath critical monetary stress.
Srinivas appeared to be responding, partly, to a person concept that the corporate is “doing horribly financially” and “making lots of changes to cut costs.” As an instance, the theorizer pointed to Perplexity’s Auto mode, the place the AI search engine mechanically selects the mannequin with which to reply a person’s immediate.
On the opposite, Srinivas stated Perplexity created Auto mode as a result of “all AI products right now are shipping non-stop and adding a ton of buttons and dropdown menus and clutter,” which he stated is “not sustainable.”
“The user shouldn’t have to learn so much to use a product,” he stated.
As for whether or not Perplexity is dealing with stress to chop prices or IPO, Srinivas stated, “We have all the funding we’ve raised, and our revenue is only growing.” In reality, he stated the corporate has “no plans of IPOing before 2028.”
