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,…