Perplexity CEO: SMBs Could Drive the Next Economic Boom

Srinivas bets Perplexity's growth comes from recursive depth-of-usage among SMBs and agents, not billion-user scale, while avoiding owning data centers.

• Revenue growth: Srinivas says Perplexity's revenue is growing 5x year over year, with enterprise self-serve adoption outpacing prosumer growth this year.
• Recursive, not network, effects: Srinivas argues AI products succeed on depth of usage by fewer users, not billion-user scale—citing a solopreneur spending over $1M/year on Perplexity while earning $3M automating newsletters.

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