Perplexity CEO Aravind Srinivas just lately took to Reddit to address users’ product complaints and reassure them that the corporate is just not beneath severe monetary strain.

Srinivas gave the impression to be responding, partly, to a user theory that the corporate is “doing horribly financially” and “making a number of modifications to chop prices.” For example, the theorizer pointed to Perplexity’s Auto mode, the place the AI search engine routinely selects the mannequin with which to reply a person’s immediate.

Quite the opposite, Srinivas stated Perplexity created Auto mode as a result of “all AI merchandise proper now are transport continuous and including a ton of buttons and dropdown menus and muddle,” which he stated is “not sustainable.”

“The person shouldn’t must study a lot to make use of a product,” he stated.

As for whether or not Perplexity is going through strain to chop prices or IPO, Srinivas stated, “We now have all of the funding we’ve raised, and our income is barely rising.” Actually, he stated the corporate has “no plans of IPOing earlier than 2028.”