Perplexity, the rising search engine, has been in talks about its financial health and future plans. Recently, the CEO, Aravind Srinivas, denied all the claims regarding the company is struggling financially and making cost cutting changes.
A Reddit user claims that Perplexity faces financial problems, pointing to product changes like Auto Mode, which automatically selects the AI model for responses. However, CEO Aravind Srinivas denied these claims, stating that the company has its funds and the company is not facing any financial problems.
Some users speculated that the introduction of auto mode was a way of cost-cutting. However, Aravind explains that the introduction of auto mode in Perlexity was to enhance the user experience by reducing complexity, and modern AI is filled with buttons and so many features, which become complex for the user. Auto mode streamlines this process for a seamless experience.
Addressing speculation about Perplexity going public, Srinivas made it clear that there are no IPO plans before 2028. The company is focused on long-term growth, rather than rushing into the stock market. With no immediate IPO plans, it appears Perplexity is playing the long game in AI search innovation.
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