Perplexity CEO Confirms 2028 IPO Plans Regardless of OpenAI and Anthropic Market Performance

Jun 9, 2026

Perplexity AI Inc. CEO Aravind Srinivas confirmed the company is planning to go public in 2028, maintaining its timeline independent of how competitors Anthropic and OpenAI perform in their public market debuts. Anthropic confidentially filed for an IPO in June 2026 and was last valued at nearly $1 trillion, while OpenAI confidentially filed on June 8, 2026 in what is expected to be among the biggest IPOs in history.

Perplexity 2028 IPO timeline

▪Perplexity AI Inc. is planning to go public in 2028.
▪Aravind Srinivas is the chief executive officer of Perplexity AI Inc.
▪Perplexity AI Inc.'s 2028 IPO timeline is independent of how the market receives the listings of Anthropic and OpenAI.
▪Aravind Srinivas was interviewed at the Bloomberg Tech conference in San Francisco, California on June 5, 2025.
▪The article was published on June 9, 2026.

Anthropic IPO filing

▪Anthropic confidentially filed for an initial public offering in June 2026.
▪Anthropic was last valued at nearly $1 trillion.
▪The SpaceX IPO is expected to be a leading indicator for how the Anthropic and OpenAI IPOs will perform.

OpenAI IPO filing

▪The OpenAI IPO is expected to be among the biggest in history.
▪OpenAI confidentially filed for an IPO on June 8, 2026.

Frontier lab valuations

▪Anthropic and OpenAI are known as frontier labs because their models are among the leading in the world.
▪Aravind Srinivas said that both Anthropic and OpenAI deserve their high valuations because they are on the frontier.
▪If Anthropic or OpenAI do not show a model capability advance for six months, it would be a problem for their valuations.
▪A slowdown in the pace of innovation may dent the valuations of Anthropic and OpenAI.

Enterprise AI spending trends

▪Tokenmaxxing is a trend where employees increase their AI use to signal productivity.
▪Sam Altman said AI costs are a huge issue.
▪Companies are now discussing how much they are spending on AI.

Model selection strategy

▪Perplexity AI Inc.'s AI determines the best model to use for a particular task when prompted, taking into account cost.
▪Perplexity AI Inc.'s product is based on models from various companies.
▪Aravind Srinivas said Perplexity AI Inc. would use an open source model if it gets the job done 90% of the time and is 10 to 20 times cheaper than the frontier model.