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genai/news//The Star
AI firm Perplexity is planning to go public in 2028, CNBC reported.
Perplexity plans to go public in 2028 regardless of Anthropic or OpenAI's IPO outcomes.
KEY POINTS
CEO Aravind Srinivas confirmed Perplexity is not running out of money and has no early IPO plans.
Perplexity's IPO timeline remains unchanged even amid increasing AI sector IPO activity.
Srinivas indicated that major tech IPOs like SpaceX may influence AI firms' public offerings.
June 8 (Reuters) - AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday,citing an interview with CEO Aravind Srinivas.
• "Agnostic of these two companies, we were planning for something in 2028, so that still remains the case," Srinivas told CNBC in an interview.
• OpenAI confidentially filed for a U.S. IPO earlier on Monday, following Anthropic's filing last week. Elon Musk's SpaceX is also preparing to go public on Friday.
• "I certainly think there will be ripple effects if they don't go well, like there is no sugar coating on that. The SpaceX IPO this week will definitely be a leading indicator of how Anthropic or OpenAI will go out," Srinivas told CNBC.
• "I think it's important for the AI industry that these IPOs go well, and I actually think they will go well, because they’re doing well," Srinivas added.
• In 2025, addressing speculation about Perplexity's finances, Srinivas said the company was not running out of money and had no plans to go public before 2028.
(Reporting by Natalia Bueno Rebolledo in Mexico City; Editing by Rashmi Aich)