Perplexity

“Now we've had, you know, hundreds of AI companies signing up and we just announced, you know, OpenAI, we announced Perplexity, we announced Replit.”

“Perplexity did this very early on with Chinese models. They showed that you could sort of put back the content on Tiananmen Square and things like that.”

“We built the first answer engine in the world that people know perplexity.”

“The whole experience is literally looking like perplexity, except it's still not as good.”

“We, you know, like we still have the state of the art deep research in the world”

“And so the chat interface doesn't capture that user intent, that user behavior right now, which is why it was never a great fit for advertising. And it also fundamentally corrupts the trust that people have when they go into a product and they want the accurat…”

“The output tokens, if you're literally just a reseller of model tokens, you have no business. Because the model will get commoditized. So even if you're a model builder, you don't have a business.”

“And the way we differentiate ourselves at perplexity Is we don't just orchestrate across tools and files and connectors. We also orchestrate across models. That is the differentiation that Anthropic and OpenAI cannot claim”

“We're not going after the developer market. We're going after anything that developers don't, non-developers do, basically. Your finance department or your corp dev or your, like sales reps or your data science teams your research analysts.”

“Our revenue has more than tripled since the beginning of the year. Tripled since this beginning of the year.”

“And now with progress in open source and local models and local chips, we're going to move some of the inference back to the local devices and bring down the cost even more.”

“There's going to be lots of amazing companies that are going to get built with far fewer people getting multi-billion dollar, multi-hundred million dollar valuations with like 20, 30 people and propelling like trillions of dollars of new GDP.”

“When we started perplexity, we had like around 200,000 dollars worth of Amazon credits and GCP credits and Azure credits. That almost like together, cumulatively, this was worth like a million dollars in compute credits.”

“We're funding this thing called the billion dollar build, where we're giving a million dollars of computer credits to any group of people who have a credible path to building a billion dollar company.”

“It's like 400 people.”

“I don't know. It's hard to say. Maybe 800 or a thousand.”

“Yeah. Anyone can be a trillion dollar company.”

“So it's as likely for perplexity to become worth two trillion dollars as a founder who's yet to secure your funding to be worth a billion dollars. So it's equally hard.”

“We're training our own models post training it on top of amazing open source models, and that will bring down the cost that we currently spend on frontier model tokens. We expect to continue to use frontier models for designing new experiences and new capabili…”

“We have a great blossoming partnership with Apple. They actually are really excited about what we're doing with personal computer and how it uses Mac minis.”

“When a core value prop of perplexity is accuracy it's really hard to reinforce that to users when you also have ads running alongside the answer.”

“The longer people have had access to computer. I mean, this stuff is still brand new, but they're using it consuming more computer credits every week. Than the previous week, right? So we're actually just in, in the extreme upward part of the ramp. That's a bi…”

“So we actually are launching this week, 36 different workflows that go on top of computer.”

“We have people on our content team that submit pull requests, basically ship You know, code that goes live into production without engineers being in the loop. And that's all being run through Perplexity Computer.”

“From the perplexity point of view, like we don't have strong opinions on the data center build out, but there's nothing I see that indicates that that is, you know, a bubble or anything like that.”

“They aggressively petition us to use their models. They want, they give us early access. They want us to run evals. And so we have, you know, the exact opposite dynamic right now where they're, you know, more than happy to take revenue from us.”

“We never Integrate into perplexity any product that, or API that is hosted in China. We have ourselves post-trained. We have post-trained open source models. That, that come that are developed by Chinese labs. We run those in US data centers. We post-train the…”

“So we at Perplexity, we've never subsidized paying users. So if you're on a, you know, pro or max plan you know, we're, thank you, you're contributing to our success.”

“AI is going to become a lot like Costco where you pay for the membership, right? And that gets you in the store. And that's actually the part of Costco's business that is, you know, the highest margin. And then you have, you know, everything you're buying in t…”

“As we've increased our ARR by five X, you know, from a hundred million to five hundred million, we only grew a head count 34%.”

“Daily active user growth across all AI, AI apps. So that includes perplexity and Claude and the Gemini's of the world. ChatGPT, growth is not just tailing off, it's down. So you can see that, you know, while like the space is growing overall the growth is, is …”

“Four hundred million dollar deal with perplexity is no longer happening. I guess that's been pulled back on.”

“I don't think anybody has really unlocked browser use. That is not just an OpenClaw thing. I think we look at ChatGPT Atlas, you look at Perplexity, Comet, you look at all of these kind of browser use. Plod has a browser use component. I don't think any of the…”

“As I understand it, Emile's ownership of shares in that company was blessed by the Office of Government Ethics.”

“I think Perplexity is like, could be a really great company as well, even without a language model.”

“In my year, actually there were a ton of others who all kind of went into AI. And so obviously Steven and Andrew, who started the company you know, who started Cognition with us but also a ton of others. And so Alexander Wang, who started Scale. Demi Guo, who …”

“So the way I think about my agent stack is that every builder, if you're listening to this, you're probably going to need five different layers. You're going to need an agent harness. So that's going to be something like a cloud code, cursor, codex, or idea br…”

“So we know something called personal computer perplexity, personal computer. That's essentially going to take all the trust and reliability and the server side execution of perplexity computer, but synchronize it with your local computer so that you can use it…”

“Computer exists as a Slack bot right now. That you can add to your Slack workspace on the enterprise plan.”

“And our entire company works like that. People are talking more to computer on Slack than other people.”

“It's the fastest growing business for us. It's growing faster than the consumer and revenue”

“Our one thing that perplexity has is every revenue we make, unlike certain other wrapper companies, every revenue perplexity makes has positive gross margins.”

“It makes no sense for them. It would be an admission that all the data centers in CapEx they've built out still couldn't produce them the best model.”

“So the, when models are kind of specializing, the, there's a bigger value in the one who knows how to build a great harness. That can take the best in each model.”

“So the Model Council is a feature we built where it will not just give you the answers of each model, but it will tell you exactly where they agree, where they disagree, and where the nuances are.”

“Even non-engineers are shipping code here by just pinging a slack bot and asking it to fix bugs.”

“If you look at kind of the highest spike for Comet and Atlas in terms of visits to the download page, Comet is five times ahead of Atlas”

“So we track how much traffic for all of our clients is coming in, like what percentage of their traffic is coming from these AI tools. So on average, it's just under one percent. So one percent of traffic comes in from ChatGPT is always the number one. They ha…”

“As of now you need to be on the max plan to get it going. That's 200 dollars a month.”

“It looks at your old searches on perplexity. And even though I've never used perplexity computer, it knows a little bit about me, which is interesting for people who use perplexity, that context will already be loaded.”

“Yeah, let's see definitely Andrile, Android, Airbnb, Coinbase Instacart, Stripe Square a little bit of SpaceX OpenAI, Perplexity, A couple other things. Cognition.”

“What I think ChatGPT perplexity and all these other LLMs do really well is they help you discover things or get more information on the thing. But by the time someone's on a directory, I think they're in the decision-making phase and with any more complex deci…”

“In terms of MCPs, like I used to have like tons of them set up. And what I realized was that simple's often better. I have perplexity. I have fire crawl. I have playwright. Those are like my main ones”

“I think it's done. I mean, I don't see how it really serves a purpose outside of you know, Different than what you could do with Gemini or Chachi.”

“I think the most likely one is Samsung for the obvious reasons that they have a big partnership with them”

“I don't think it'll be apple for the reasons that we've talked about. I think that apple kicked those tires and decided not to go down that path.”

“I'm much less bullish on perplexity than I was. I just think that like their functionality is just going to be swallowed up by the Geminis and the chat GPTs of the world.”

“For twenty-twenty-six, I think we're going to see some massive M&A. It doesn't matter to me how it occurs, but I do think we're going to see a fifty billion plus deal, and I think it could be, ah, one of the Mac seven, an Apple, a Meta, a Microsoft, or an Amaz…”

“Historically, when we talked about SEO of website, of how websites are being found, SEO was kind of equal to Google, but that world is shifting and we're seeing The increase of traffic from some of these chat platforms, because people are now not just going to…”

“So the venture funding, there's 50 professors and PhDs, the top names like Jeff Dean and the top faculty at Berkeley and Stanford and my co-founders of Databricks and Perplexity who've invested in the fund.”