Perplexity CEO: 2028 IPO Firm Amid OpenAI/Anthropic Listings

Perplexity CEO Aravind Srinivas says his company is planning an IPO in 2028. This plan remains firm, regardless of how rival IPOs from Anthropic and OpenAI perform. Srinivas noted that OpenAI and Anthropic recently filed confidentially for IPOs. He believes their success is important for the AI industry. He also thinks these IPOs will go well because the companies are performing strongly. OpenAI was valued at $852 billion in March, and Anthropic's valuation is nearing $1 trillion. Srinivas stated both startups deserve these high valuations. OpenAI is reportedly on track to lose $14 billion this year, despite generating $20 billion in annualized revenue. The company is working on a major overhaul of ChatGPT to combine AI agents and coding tools. This move aims to convert free users to paid subscribers, especially for its Codex coding tool. This strategy could help close the financial gap before its anticipated IPO.