Dmitry Shevelenko on Perplexity's Vision for Reshaping the Internet

Dmitry Shevelenko on Perplexity's Vision for Reshaping the Internet – Odd Lots

Mentioned

Bullish

PERPLEXITY— Perplexity is experiencing explosive enterprise growth with 8x revenue increase this year, driven by both consumer subscriptions and enterprise adoption with just a 5-person sales team
AIINFRA— AI infrastructure investment opportunity as the current AI revolution is as transformative as the original internet, creating a new generation of companies
CHROME— Chrome browser valued at over $35 billion as Perplexity made a serious bid with sovereign wealth fund backing, highlighting the strategic value of browser real estate
FINSERV— Financial services firms like investment banks will see productivity gains from AI, giving experienced leaders more leverage rather than replacing workers
MEDIASUB— Quality media companies with subscription models like WSJ, NYT, and Bloomberg are resilient and thriving despite AI disruption

Bearish

GOOGL— Google's $100B quarterly revenue model is structurally vulnerable as it depends on AdWords and link-clicking behavior that will become obsolete with AI search
ADTECH— Traditional click-based advertising systems like AdWords are becoming obsolete as user-aligned AI models replace advertiser-driven systems
AMZN— Amazon's marketplace control is threatened by AI agents that help users evaluate products and find better prices elsewhere, challenging their business model

Not investment advice.