This week we sat down with Aravind Srinivas and Edwin Chen. Aravind is the co-founder and CEO of Perplexity, whose revenue has grown from $100M to $500M on the back of Perplexity Computer. Edwin is the co-founder and CEO of Surge AI, the data training company teaching frontier models how to think, which quietly bootstrapped past $1B in revenue without ever raising a dollar.
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Timestamps:
00:00 Cold open
01:00 Welcome & intro to Aravind Srinivas and Edwin Chen
02:40 Why Perplexity Comet and Perplexity Max are taking off
05:25 Edwin on Surge AI and why "data labeling" is the wrong term
10:47 Tim Cook steps down — what Apple's new CEO should do
13:56 Owning your agent loops: why Apple wins
21:20 "The iPhone is not getting disrupted by AI at all"
23:09 $242B raised in Q1 2026 and the late-stage capital flood
23:55 Edwin on bootstrapping Surge past $1B without raising
25:09 The ChatGPT "one weird trick" story and clickbait models
30:58 Claude Code as a loss leader to dominate token collection
33:30 Are we in the endgame for coding?
35:35 Autocomplete to auto-diff to auto-outcomes
38:54 The death of the no-code movement
41:34 30% headcount growth, 5x revenue, the efficiency playbook
45:41 AI in Hollywood, Gal Gadot, and $70M movies that should cost $200M
50:29 "People don't buy models, they buy products"
57:20 Specialization vs commoditization — what actually accrues value58:00 "LM Arena is a cancer on AI"
63:34 Perplexity's heuristics for measuring user intent65:41 Model Council, Jensen Huang, and orchestrating frontier models
71:23 Most impressive AI experiences — WhisperFlow, Grok on X, Claude Design, and WHOOP
78:29 Hiring at Surge AI and Perplexity
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Links Mentioned on the Show:
Perplexity: https://perplexity.ai/
Surge AI: https://surge.ai/
Perplexity Comet: https://comet.perplexity.ai/
Perplexity Max: https://perplexity.ai/max
Claude Code: https://claude.com/product/claude-code
Claude Design: https://claude.com/claude-design
OpenAI Codex: https://openai.com/codex
GitHub Copilot: https://github.com/features/copilot
Cursor: https://cursor.com/
LM Arena: https://lmarena.ai/
Kimi K2: https://www.kimi.com/
DeepSeek: https://www.deepseek.com/
Apple Silicon: https://www.apple.com/mac/m4/
WhisperFlow: https://wisprflow.ai/
WHOOP: https://www.whoop.com/
