In the wake of the swift advancement of artificial intelligence (AI) technology, conventional business practices are experiencing a significant makeover. Aravind Srinivas, co-founder and CEO of the AI-powered search tool Perplexity, broke away from the norm of using traditional PowerPoint presentations during fundraising endeavors. Instead, he harnessed the power of artificial intelligence to carry out investor roadshows.

Ever since the Series A funding round, Srinivas has leaned on AI to aid in drafting memos and responding to investor queries. With the exception of questions pertaining to internal data, every inquiry has been addressed through Perplexity. This move has markedly boosted communication efficiency.

During his latest fundraising drive, Srinivas once again turned to Perplexity to tackle investor questions. His approach garnered the investors' approval, and the funds were promptly transferred the very next day.

This particular case sheds light on the vast potential and promising application scenarios of artificial intelligence in the realm of business financing. It also hints at the fact that AI technology is set to bring about a profound transformation in corporate operational models and financing approaches.