Perplexity CEO Denies Financial Issues and IPO

Perplexity CEO Aravind Srinivas has dismissed rumors about the company’s financial struggles. While he acknowledged quality issues with the AI’s responses, he assured that these would be addressed. He defended the criticized auto-mode, which often selects cheaper models, as a helpful feature for users rather than a cost-cutting measure. Srinivas also denied rumors of an imminent IPO, stating that it’s unlikely before 2028. Meanwhile, the company faces financial challenges, despite solid user numbers, as Google intensifies its market presence with new AI Overviews now available in the EU.