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AI News from ET - Perplexity CEO says AI startup has no financial issues; rules out IPO before 2028

Vishwadeep Khatri
in AI News & Two Lenses

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Perplexity CEO Aravind Srinivas addressed user concerns on Reddit, denying financial troubles and emphasised that there will be no IPO plans before 2028. He explained that Auto mode was designed to reduce UI clutter, not cut costs. Srinivas admitted quality issues due to rapid feature launches, apologised, and promised stronger processes.

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