AI startup valuations are soaring, but concerns persist about tech giants like Google entering the market.Aravind Srinivas, CEO of Perplexity, faced questions on Google potentially making Perplexity obsolete.Google's release of Gemini 2.5 models and AI features raises competition concerns for Perplexity.Srinivas believes Google's reliance on ad revenue hinders full adoption of AI-generated search responses.Perplexity's revenue model differs from Google's ad-driven one, focusing on subscriptions and now ads.Despite investor confidence and revenue growth, Perplexity faces the challenge of Google's scale and resources.Deedy Das suggests Google may not replicate Perplexity to avoid cannibalizing its search business.Perplexity's strategic advantage lies in capturing user preference and product experience over time.Perplexity's diversification into AI tools like Comet aims to enhance browsing experience without ads.Srinivas believes Comet will redefine AI browsing and aims for broader distribution despite challenges.