In a lively Reddit conversation, Perplexity’s CEO, Aravind Srinivas, took the opportunity to clear up some misconceptions about the company’s financial situation. He confidently debunked any chatter suggesting that Perplexity is in financial trouble or cutting costs. When users speculated that the new Auto mode feature was a cost-saving tactic, Srinivas stepped in to set the record straight.
Auto mode is actually all about making things simpler for you. It lets the AI search engine automatically pick the best model for your questions, cutting down on unnecessary complexity. Srinivas believes this streamlined approach is essential because, as he puts it, “The user shouldn’t have to learn so much to use a product.” It’s all about making your experience smoother and less cluttered.
As for worries about financial pressures or a possible IPO, Srinivas reassured everyone, “We have all the funding we’ve raised, and our revenue is only growing.” He was clear that there are “no plans of IPOing before 2028.” So, if you’re wondering about Perplexity’s future, it seems they’re on solid ground and focused on growth rather than going public anytime soon.
