Perplexity's CEO, Aravind Srinivas, addressed concerns regarding the company's financial stability in a Reddit post. He clarified that the company is not facing significant financial issues and emphasized the growth in their revenue. Responding to a user's theory of cost-cutting measures, Srinivas explained that the introduction of the Auto mode is aimed at simplifying user experience. He further stated that there are no plans for an IPO before 2028, assuring users that all raised funding is secure and operational. The company is focused on providing a user-friendly AI product.