Perplexity CEO Aravind Srinivas told CNBC on Wednesday that companies that can deliver the most economic value from AI-enabled capabilities will ultimately command the highest valuations.
“The companies that can deliver the most value per watt per user will be the winners in the future,” Srinivas said.
“Whoever can best accomplish this specific objective by balancing accuracy, latency, cost, privacy and intelligence will win. That’s the long-term winner,” Srinivas told CNBC’s Elaine Yu in an interview Wednesday.
A token refers to the basic unit of data that an AI model can process. When an AI chatbot is asked to perform a task, it breaks it into tokens. Processing each token requires energy. Srinivas’ view is that companies that can provide the optimal ratio of energy to economic output are in the strongest position.
“Some model providers may feel like they’re making a ton of money because their models are so expensive…but it’s a short-term revenue boost,” Srinivas said.
Perplexity is increasing its focus on agent AI, a term that refers to AI systems that can go beyond simple queries and handle more complex tasks. In February, the company announced Perplexity Computer, an agent that can perform complex tasks over long periods of time.
Perplexity announced Wednesday that its Personal Computer product Microsoft Corporation■ Windows operating system. Enable AI to connect to apps like Word and Outlook and files on your device. Perplexity already sells personal computers. appleMac products.
Perplexity faces increased competition as rivals such as OpenAI, Anthropic and Google increase their focus on AI agents.
Perplexity, which was last reported to be valued at $20 billion, trails behind Anthropic and OpenAI, whose valuations have risen to nearly $1 trillion and just over $850 billion, respectively. Anthropic secretly filed for an initial public offering in the U.S. this week as investor demand for AI stocks continues.
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