20VC: Micron Will Be More Valuable Than Meta | How Export Controls Helped Not Hurt China | Power is the Bottleneck to AI | Why Dario Has Done a Disservice to AI with his Labour Replacement Messaging with Aravind Srinivas, Founder @ Perplexity

**Aravind Srinivas** (0:00)
I have nothing to lose.
I came from nothing. I never even imagined myself to be doing all this.

**Harry Stebbings** (0:06)
A $20 billion company. 45 million users. Over a billion searches a month. Built in three years by 400 people.

**Aravind Srinivas** (0:14)
These numbers doesn't motivate me. It's hard to get motivated by wealth. You want to get motivated by impact.

**Harry Stebbings** (0:19)
This is Perplexity with co-founder and CEO, Aravind Srinivas.

**Aravind Srinivas** (0:23)
No one's ever in a comfortable position. No one can relax.

**Harry Stebbings** (0:26)
They forced Google to redesign their homepage. Then bid $34 billion to buy Chrome.

**Harry Stebbings** (0:31)
More than their own valuation.

**Aravind Srinivas** (0:33)
Perplexity changed google.com more than any product manager Google has ever done. Now you look at AI mode, it looks exactly like Perplexity.

**Harry Stebbings** (0:40)
He doesn't do defense. He doesn't do comfortable. His words.

**Aravind Srinivas** (0:43)
Attack, attack, attack. That's my motto. Go all in and try your best. Be on the offense all the time.

**Harry Stebbings** (0:49)
Aravind at Perplexity has done many shows. This is the single best podcast he has ever done. You know what I hate with podcasts? When people sit on the fence. Aravind has really strong opinions in the show today. He says that Micron will be more valuable than Meta. He says that the resistance today's data centers will continue and get worse. He says the biggest problem today is the lack of power. He claims that Perplexity has changed Google more than any Google PM. You want opinions? This is the show for you. Aravind was on stellar form today and this was such a joy to do. But before we dive into the show today, if you're a finance professional, you know the month and nightmare of the year. You're facing down missing receipts and fighting with outdated tools that your employees hate using. It's time to enter the era of Nivan. Nivan is an AI-powered travel and expense platform that gives you control and real-time visibility into every dollar spent. The experience is seamless for employees too. They can book a trip in just seven minutes, which is a fraction of the 45-minute industry average. Because the AI handles policy enforcement automatically, you can finally focus on driving business impact instead of manual data entry. How does saving up to 15% on your total travel budget sound? Pretty good? Well, that's why the world's best companies like Visa, Figma, Stripe and Anthropic already have made the switch. Visit nivan.com/20vc to get started and enter to win two business class flights anywhere in continental US. No purchase necessary, rules apply, check it out today. Once Nivan simplifies the travel, Air Wallets simplifies the spend behind it. Founders, let's get real about the growth tax. You've raised VC funding and you're scaling globally and it's no longer about shipping product. It's about orchestrating operations across continents. But suddenly your payments and finance stack is choking your growth. You're logging into lots of different banking portals, waiting days for transfers and reporting across entities. It's operational drag and it's at your scale. It's costing millions. That's why I'm so excited to partner with Air Wallets. Air Wallets are more than just a banking alternative to HSBC or Citi. Air Wallets brings you an intelligent financial operating system that powers how global businesses operate and grow, allowing you to manage and automate banking, treasury, payments and spend. The most exciting part for me, they're heavily investing in agentic finance. If you're scaling globally, you need a banking and finance platform that's borderless, real-time and intelligent. Check out Air Wallets today and see how they're helping thousands of businesses like Canva, McLaren and Deal. Scale at airwallets.com/20vc.
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