Key Takeaways:
Perplexity, the AI search startup, plans to go public in 2028 regardless of how the market receives the IPOs of rivals Anthropic and OpenAI, Chief Executive Aravind Srinivas said.
"Perplexity's IPO timeline is independent of market reception to other AI companies going public," Srinivas said in a CNBC interview on Monday.
The decision comes as OpenAI has filed for a US IPO after Anthropic's listing, creating a wave of AI companies heading to public markets. Perplexity, which operates an AI-powered search engine competing with Google and ChatGPT, has positioned itself as an independent player in the space. The company's 2028 target adds to a growing queue of AI firms seeking public listings, a pipeline that could reshape the technology sector's public market footprint.
Perplexity's confidence in its standalone growth trajectory shows it sees a path to profitability and market share independent of the outcomes for its better-funded rivals. The AI search market remains highly competitive, with Google commanding the dominant share of global search queries while OpenAI's ChatGPT has drawn hundreds of millions of users since its launch. For investors, the 2028 timeline provides a clear horizon for evaluating Perplexity's progress against these incumbents as the AI industry's transition from private funding to public markets accelerates.
This article is for informational purposes only and does not constitute investment advice.
