Connect with us
  • Loading stock data...

News

Comet AI browser can boost productivity, help GDP

Published

on

Comet AI browser can boost productivity, help GDP

Perplexity CEO Aravind Srinivas: Comet browser is meant to be 'a true personal assistant'

Perplexity AI CEO and founder Aravind Srinivas said on Friday that the startup’s Comet browser can boost productivity so that companies won’t need extra employees.

“Instead of hiring one more person on your team, you could just use Comet to supplement all the work that you’re doing,” Srinivas told CNBC’s “Squawk Box.”

The CEO said the artificial intelligence-powered web browser is a “true personal assistant” that allows users to complete more tasks in the same amount of time and said that the productivity gained could be worth $10,000 per year for a single person.

AI is already being deployed across businesses to save headcount and make operations more efficient, but the labor impact has so far been “limited,” according to Goldman Sachs chief U.S. economist Jan Hatzius.

Srinivas estimated that the value of “human digital knowledge work” contributes around $25 trillion to the gross domestic product, so a 20% gain in productivity could easily amount to $5 trillion in GDP growth.

Chicago Federal Reserve President Austan Goolsbee agreed with Srinivas that AI could be a boon to the overall GDP if it can raise productivity growth and service, but cautioned about massive AI infrastructure spending.

“We should think about what happens if the growth rate of AI is not as large as its biggest proponents think,” Goolsbee told CNBC’s “Squawk Box” later Friday. “Might we get over our skis a bit with over-investment and have to clean up if there were a bubble? I think we do want to think about that topic.”

Data center demand hasn’t yet shown signs of stopping as tech companies have continued to bolster AI investments.

Megacaps like Meta, Amazon, Microsoft and Alphabet are looking to spend as much as $320 billion combined on AI technologies and datacenter expansions in 2025.

Advertisement

Perplexity initially launched Comet in July to users with Perplexity Max, which costs $200 per month, garnering a waitlist of millions of people, the company said. The browser became available to download for free on Thursday to everyone worldwide.

Comet can browse the internet to assist with research and asynchronously perform multiple tasks.

“It’s truly about delivering value and you being able to delegate tasks to it,” Srinivas said.

Other tech companies have also been rolling out their own AI browser assistants.

In January, OpenAI introduced its web agent, Operator, and Google released Gemini AI to its Chrome browser in September.

Source link

Title

This industrial giant is emerging as a big AI play, says Wells Fargo This industrial giant is emerging as a big AI play, says Wells Fargo
News5 months ago

This industrial giant is emerging as a big AI play, says Wells Fargo

  Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...

Novo Nordisk's strategy tested as investors push back on board revamp Novo Nordisk's strategy tested as investors push back on board revamp
News5 months ago

Novo Nordisk’s strategy tested as investors push back on board revamp

    Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
News5 months ago

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan

  Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...

Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI
News5 months ago

UK borrowing costs spike on report government to scrap plans to raise income tax

    Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...

An Indonesian Unicorn's Vision For Digital Payments An Indonesian Unicorn's Vision For Digital Payments
News5 months ago

Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on

    US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...

We're downgrading a portfolio stock. Plus, what's causing the market's rally We're downgrading a portfolio stock. Plus, what's causing the market's rally
News5 months ago

UBS’s picks for global returns next year

  Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...

Nvidia will soar nearly 75%, says Loop Capital Nvidia will soar nearly 75%, says Loop Capital
News5 months ago

AI companies admit they’re worried about a bubble

    Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...

CEO Southeast Asia's top bank DBS says AI adoption already paying off CEO Southeast Asia's top bank DBS says AI adoption already paying off
News5 months ago

CEO Southeast Asia’s top bank DBS says AI adoption already paying off

Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...

China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
News5 months ago

China’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected

CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
News5 months ago

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador

The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...

Advertisement