Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC. "Agnostic of these two companies, we wer...
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC. "Agnostic of these two companies, we were planning for something in 2028 so that still remains the case," Srinivas said in an interview that aired on Tuesday. Srinivas has previously said the company has no plans to go public before 2028. His latest comments suggest a more concrete timeline. The CEO's comments come after Claude developer Anthropic confidentially filed for an initial public offering last week. While there are no details on share pricing, Anthropic was last valued at nearly $1 trillion . Meanwhile, OpenAI is also reportedly planning an IPO . These listings, along with SpaceX this week, are going to be among the biggest in history and a test of investors' appetite for these mega-IPOs. "I certainly think there will be ripple effects if they don't go well, like there is no sugar coating on that. The SpaceX IPO this week will definitely be a leading indicator to how Anthropic or OpenAI will go out," Srinivas told CNBC. "I think it's important for the AI industry that these IPOs go well, and I actually think they will go well, because they're doing well." The valuations of both Anthropic and OpenAI, known as frontier labs because their models are among the leading in the world, are under scrutiny from investors. Srinivas said that both companies deserve their high valuations because "they are on the frontier." A slowdown in the pace of innovation may dent their valuations, he said, adding that there is no sign of this happening now. "If for six months you don't see a model capability advance from one of these two companies, then it's a problem for them," Srinivas said. AI spending in focus Enterprise sp...
Earnings Call Insights: Vail Resorts (MTN) Q3 2026 Management View "The historically adverse weather conditions we discussed last quarter continued through March and April, which drove meaningful pressure on visitation and revenue in the quarter, particularly at our destination resorts in the Rockies, which experienced the worst season on record for snowfall" (CEO & Executive Chairman Robert Katz)...
Earnings Call Insights: Vail Resorts (MTN) Q3 2026 Management View "The historically adverse weather conditions we discussed last quarter continued through March and April, which drove meaningful pressure on visitation and revenue in the quarter, particularly at our destination resorts in the Rockies, which experienced the worst season on record for snowfall" (CEO & Executive Chairman Robert Katz). "Industry-wide visitation in the Rockies declined approximately 24%" and "our U.S. lift tickets decline 12%, while the rest of the industry lift ticket visitation was down approximately 20%" (CEO & Executive Chairman Robert Katz). "Spring pass sales were down 10% and sales dollars, including tax, were down 5%" (CEO & Executive Chairman Robert Katz). "Resort revenue for the quarter declined 7% compared to the prior year" and "Resort EBITDA for the quarter was down 9%" (Executive VP & CFO Angela Korch). "We now expect net income attributable to Vail Resorts in the range of $128 million to $162 million and Resort reported EBITDA in the range of $735 million to $755 million" (Executive VP & CFO Angela Korch). Outlook "We are updating our full year outlook with the Resort EBITDA midpoint now at the bottom of the range we provided in March, consistent with our April update" (Executive VP & CFO Angela Korch). "We expect stable demand across our North American Lodging and Mountain Resort businesses during the summer season" and "we are encouraged by early momentum in Australia, where Epic Australia Pass units are up approximately 26% and dollars are up approximately 31%" (Executive VP & CFO Angela Korch). Compared with the prior quarter’s guidance, management reduced ranges from "net income attributable to Vail Resorts in the range of $144 million to $190 million and resort reported EBITDA in the range of $745 million to $775 million" (Executive VP & CFO Angela Korch, Q2) to "$128 million to $162 million" net income and "$735 million to $755 million" Resort EBITDA (Executive VP &...
President Xi Jinping arrived in Pyongyang to an elaborate welcome on his first visit to the reclusive nation in seven years In a meeting with Kim Jong Un, Xi vowed to deepen China's ties with North Korea. (Source: Bloomberg)
President Xi Jinping arrived in Pyongyang to an elaborate welcome on his first visit to the reclusive nation in seven years In a meeting with Kim Jong Un, Xi vowed to deepen China's ties with North Korea. (Source: Bloomberg)
Every company gets one shot to redefine what it is. Most never take it. The ones that do tend to look unrecognizable a few years later, and the market either rewards the reinvention or punishes the nerve. The artificial intelligence (AI) boom has turned raw computing power into the most valuable ...
Every company gets one shot to redefine what it is. Most never take it. The ones that do tend to look unrecognizable a few years later, and the market either rewards the reinvention or punishes the nerve. The artificial intelligence (AI) boom has turned raw computing power into the most valuable ...
Khan, a prominent British lawyer, has repeatedly denied the allegations which first emerged in 2024 The chief prosecutor of the international criminal court , Karim Khan, has been suspended after a disciplinary process triggered by sexual abuse allegations against him reached a conclusion. The ICC’s governing body announced the decision on Monday evening after its executive committee voted to refe...
Khan, a prominent British lawyer, has repeatedly denied the allegations which first emerged in 2024 The chief prosecutor of the international criminal court , Karim Khan, has been suspended after a disciplinary process triggered by sexual abuse allegations against him reached a conclusion. The ICC’s governing body announced the decision on Monday evening after its executive committee voted to refer the proceedings against Khan to a special session of the court’s member states for them to consider his future. Continue reading...
The rapid expansion of artificial intelligence infrastructure is permanently altering how Wall Street values semiconductor companies like Micron Technology, Roundhill CEO said in an interview.
The rapid expansion of artificial intelligence infrastructure is permanently altering how Wall Street values semiconductor companies like Micron Technology, Roundhill CEO said in an interview.
Qualcomm Inc. co-founder Irwin Jacobs once revealed that early advice to pursue hotel management rather than engineering did not alter the course of his career. Early Academic Advice That Almost Changed His Path In a 2011 conversation, Jacobs recalled that...
Qualcomm Inc. co-founder Irwin Jacobs once revealed that early advice to pursue hotel management rather than engineering did not alter the course of his career. Early Academic Advice That Almost Changed His Path In a 2011 conversation, Jacobs recalled that...
(RTTNews) - The Taiwan stock market has moved lower in three straight sessions, plunging almost 3,000 points or 6.7 percent along the way. The Taiwan Stock Exchange now sits just above the 43,500-point plateau although it may find renewed support on Tuesday. The global forecast
(RTTNews) - The Taiwan stock market has moved lower in three straight sessions, plunging almost 3,000 points or 6.7 percent along the way. The Taiwan Stock Exchange now sits just above the 43,500-point plateau although it may find renewed support on Tuesday. The global forecast
A Hong Kong school that summarily dismissed its principal after he was filmed swearing at security guards in Singapore could face a high legal threshold to justify the move if the dispute goes to court, a lawmaker has stated, likening the decision to a death sentence in the labour sector. Another lawmaker said the termination might affect the principal’s provident fund payments. Lee Cheuk-hing, th...
A Hong Kong school that summarily dismissed its principal after he was filmed swearing at security guards in Singapore could face a high legal threshold to justify the move if the dispute goes to court, a lawmaker has stated, likening the decision to a death sentence in the labour sector. Another lawmaker said the termination might affect the principal’s provident fund payments. Lee Cheuk-hing, the former principal of San Wui Commercial Society Secondary School in Tuen Mun, said last Friday that...