“It's not going to work this year. It's still… you know, anyone who's saying agents will work in 2025 should be skeptical of it.”

He was largely right about general-purpose consumer agents: agentic browsers (including Perplexity's own Comet) shipped in 2025 but proved unreliable on complex, multi-step tasks and vulnerable to prompt-injection, and retrospectives described agents as overhyped or 'mostly a dud.' But he understated coding agents, which worked well enough commercially to reach billions in run-rate revenue by early 2026.