Perplexity Labs can draft 98-99% of an IPO prospectus: CEO Aravind Srinivas

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Goldman Sachs CEO David Solomon recently remarked that artificial intelligence (AI), along with its many abilities, can now also write 95% of the draft papers for the public listing of a company. Perplexity chief Aravind Srinivas responded saying that his AI company’s latest product, Perplexity Labs, the accuracy has now reached 98-99%.

Speaking at a Cisco event, Solomon said drafting the pre-IPO papers for a company used to take a six-person team and two weeks to create, but AI can do this in mere minutes, he said,…



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Perplexity Labs can draft 98-99% of an IPO prospectus: CEO Aravind Srinivas


Goldman Sachs CEO David Solomon recently remarked that artificial intelligence (AI), along with its many abilities, can now also write 95% of the draft papers for the public listing of a company. Perplexity chief Aravind Srinivas responded saying that his AI company’s latest product, Perplexity Labs, the accuracy has now reached 98-99%.

Speaking at a Cisco event, Solomon said drafting the pre-IPO papers for a company used to take a six-person team and two weeks to create, but AI can do this in mere minutes, he said,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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