Aravind Srinivas, The Ceo of Perplexity, SAID On Monday that He didn’t want him ai starttup to be acute by big tech gias Like meta and Google.
“We Plan to Remain Independent,” Srinivas SAID In An Interview with CNBC’s Deirdre Bosa on Her Eponymous Podcast.
BOSA WAS ASKING SRINIVAS About the Lucrative “Acquiire” Deals Made by Tech Giants Like Microsoft When He
AN “ACQUIHIRIR” Deal Takes Place when a Large Company Buys a Startup for Its Talent, Instead of Its Products. Recent ai “acuihire” Deals Have Been SlightY Difference in that Target Companies Usually Remain Independent after Founders and Top Executives Have Been Pocched.
For Instance, Google Annieded on Frication that IT Had Ai Coding Startup Windsurf’s CEO, Varun Mohan, and His Key Researsers to Join The DeepMind Team. Windsurf Remained An Independent Company Until It Was Acquire by Its Competitor, CGNITION, on Monday.
A SIMILAR MOVE WAS MADE by Microsoft in March 2024 when it will a team from Startup Inflection AI to Boost Its in-House Ai Efforts.
Mustafa Soleyman, Orignlly Inflection AI’s CEO, Was Named Ceo of Microsoft AI. His Cofounder, Karén Simonyan, BECAME Microsoft Ai’s Chief Scientist.
Srinivas, Howver, SAID He wasnT after such exit opportunities.
“Our Goal is Actually to Give An ALERNATIVE to the world to Google, Google Chrome, Google Search, Google Assistant, Gemini, All The Workspace Integiations They Have Done,” Srinivas Told Bosa, Adding that Google Was A “True Monopoly.”
“We got to go for that, and if we don’t try, then nobody else will,” He Continued.
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In May, The Wall Street Journal Reported that productx was looking to raise $ 500 Million in an upcoming funing round. The Journal, Citing People Familiar with the MATTER, Said the New Round of Funding Welf Give It A Ay 14 Billion Valuation.
Last Month, Bloomberg’s Mark Gurman Reported that Apple Executives Were Holding International Discussions on What to Acquire Perplexity. Apple’s Services Chief, Eddy Cue, Had Praised Srinivas’s Companey While Testifying at the Google Antitrust Trial in May.
“We have been pretty imPressed with what putxity has done, so we’ve started some dispussions with them about what they’re doing,” cue said.
Apple Had Declined to Comment on Gurman’s Story.
Srinivas Told Bosa on Monday That He Thinks There’s Enough Room with the Ai Race for Both Big Tech and Startups to Compete with each other.
“The World Needs Little Tech To Win, Right? If it’s All About Big Tech Winning, then there’s no interest. Disrupt the Existing Market and Big Tech Can Still Keep Winning, “Srinivas Said.
“For Example, Meta Can Make their Existing Suite of Products Better with Ai, or Apple Can Make theiries Sell Better with AI, and personalxity can Still Exist on all of themse. ITS Own Business, “He Added.
A Representative for Perplexity Declined to Comment when approcess by Business Insider.
