Perplexity CEO Aravind Srinivas dismissed concerns about the company’s financial health, stating it has sufficient funding, growing revenue, and no IPO plans before 2028.
A Reddit post alleged financial struggles at Perplexity, citing cost-cutting measures like Auto mode resetting user-selected models and the removal of high-quality models like o1.
Srinivas clarified that Auto mode was introduced to simplify AI products by reducing excessive buttons and menus.
He acknowledged that rapid feature rollouts, such as Answer mode, have led to bugs, quality issues, and user confusion. Srinivas apologised for the dip in quality and lack of transparency, promising to improve internal processes.
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