AI IPO war heats up! Perplexity reveals its big 2028 bet

Perplexity CEO Aravind Srinivas said the company's timeline for a public offering remains unchanged despite recent developments involving its competitors.

"We were planning for something in 2028, so that still remains the case," Srinivas told CNBC.

He reiterated that Perplexity has no intention of advancing its IPO plans and remains focused on a 2028 listing.

Rivals Move Towards Public Markets

Srinivas's remarks come days after Claude developer Anthropic reportedly confidentially filed paperwork for an initial public offering (IPO).

OpenAI, the creator of ChatGPT, has also reportedly submitted confidential documents related to a potential IPO, signalling growing investor interest in the rapidly expanding artificial intelligence sector.

While details regarding Anthropic's proposed listing, including share pricing and timing, remain undisclosed, the company was last valued at nearly $1 trillion, according to media reports.

About Perplexity

Founded in 2022, Perplexity has emerged as one of the fastest-growing AI startups, offering an AI-powered search engine that provides conversational answers backed by web sources.

The company has positioned itself as an alternative to traditional search engines by combining large language models with real-time information retrieval.

The artificial intelligence industry has witnessed a surge in investments over the past two years, driven by the success of generative AI technologies. Companies such as OpenAI, Anthropic and Perplexity have attracted billions of dollars in funding as investors bet on the transformative potential of AI across industries.

A public listing by any of these firms would rank among the most closely watched technology IPOs in recent years, reflecting the growing influence of artificial intelligence in the global economy.