News Summary

• Perplexity’s CEO says the artificial intelligence (AI) startup plans to go public in 2028.
• Aravind Srinivas said that will happen no matter how investors react to the initial public offerings (IPOs) from rivals Anthropic and OpenAI.
• The interview came soon after OpenAI filed confidentially for an IPO.
• Anthropic did the same last week; the IPOs would represent three of the largest stock market listings in history.
• “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 to how Anthropic or OpenAI will go out”