Hello, tech enthusiasts! In an exciting turn of events, Perplexity’s CEO, Aravind Srinivas, has gone on Reddit to clarify rumors surrounding the company’s financial health.

Srinivas aimed to dispel concerns that their financial situation is critical after some users suggested that major cost cuts were imminent due to financial troubles.

During his discussion, he highlighted that Perplexity’s new Auto mode was introduced not as a remedy for financial pressure, but to simplify the user experience amidst the overwhelming complexity in AI products today.

He emphasized that there’s no need for users to navigate a plethora of options — a sentiment that resonates with anyone tired of overwhelming tech setups.

When quizzed about the stability of their operating costs or plans to go public, Srinivas responded confidently, stating that the company continues to enjoy growing revenue streams and has sufficient funding to carry them forward.

To put it simply: no IPO plans are in the works until 2028!