194 AI Monetization – Generative Search = Perplexity Annualized Revenue +7.6x to $120MM in Fourteen Months Perplexity: Generative Search – 3/24-5/25, per Perplexity & Bloomberg Note: 3/24 annualized revenue figure is an estimate per Perplexity Co-Founder & CEO Aravind Srinivas’s 3/25 LinkedIn post saying ‘Perplexity has crossed $100m in annualized revenue…6.3x growth Y/Y and remains highly under monetized.’ Source: Lex Fridman Podcast (6/24), UC Berkeley (5/25), LinkedIn (3/25), Bloomberg, ‘AI Startup Perplexity Nears Funding at $14 Billion Value’ (5/25) (link) Perplexity is best described as an answer engine. You ask it a question, you get an answer. Except the difference is, all the answers are backed by sources. This is like how an academic writes a paper…What makes humans special is that we are creatures of curiosity. We need to expand on that and discover more knowledge using the power of AI. - Perplexity Co-Founder & CEO Aravind Srinivas, 6/24 Annualized Revenue ($MM) Annualized Revenue, $MM AI – New Entrants = Rapid Revenue Growth What if accessing information felt like talking to a personal research assistant? - Perplexity Co-Founder & CEO Aravind Srinivas, 5/25 $0 $40 $80 $120 3/24 5/24 7/24 9/24 11/24 1/25 3/25 5/25