Aravind Srinivasan, CEO of Plexity, stated in an interview with CNBC on June 8 that, "Regardless of Anthropic and OpenAI, we have been preparing for an IPO in 2028, and that plan remains unchanged."
Previously, Srinivasan had indicated that there were no plans for an IPO before 2028. CNBC reported that his recent comments provide a more specific timeline for Plexity's public offering.
Srinivasan's remarks come as Anthropic and OpenAI are also pursuing IPOs. Anthropic, the developer of Claude, submitted confidential documents for its IPO last week, although the number of shares and pricing have yet to be determined.
CNBC noted that Anthropic's latest valuation is close to $10 billion, while OpenAI is also preparing for an IPO. SpaceX is also expected to go public this week.
Srinivasan warned that if these IPOs do not perform well, there could be ripple effects. He suggested that SpaceX's IPO could serve as a leading indicator for the upcoming listings of Anthropic and OpenAI. He emphasized the importance of successful IPOs for the AI industry, expressing optimism about positive outcomes.
Srinivasan acknowledged that both Anthropic and OpenAI are recognized for developing top-tier AI models, which could justify their high valuations. However, he cautioned that if either company fails to show improvements in AI model performance over a six-month period, it could pose challenges.
He also addressed the issue of AI costs, noting that while employees have been showcasing productivity by increasing AI usage, future decisions will likely involve selecting models based on suitability and cost.
Plexity operates by utilizing multiple AI models. When users pose questions, the service selects the most appropriate model based on the nature of the task and associated costs.
Srinivasan stated, "If an open-source model can handle 90% of the work and is 10 to 20 times cheaper than the top-tier model, we will use that model." He added, "The future of top-tier AI models remains bright, but the trend of using AI without considering costs will not continue as it has in recent months."
* This article has been translated by AI.
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