Perplexity Labs: Prompt to IPO Prospectus + Use Case Examples

Perplexity Labs Landing Page

Perplexity Labs is an advanced feature within Perplexity AI that transforms user prompts into comprehensive projects like reports and dashboards. Unlike traditional chat interfaces, Labs offers tools for creating interactive content. These tools are supported by research and analysis.

Features include code execution, chart and image creation, and deep web browsing.

Labs streamlines complex tasks into manageable workflows.

Key takeaways

  • Comprehensive Project Creation: Perplexity Labs enables users to generate reports, dashboards, and web applications using natural language prompts.
  • Advanced Tools Integration: Tools like code execution and chart creation enhance project interactivity.
  • User-Friendly Interface: The Labs environment is intuitive, making it accessible for users without technical backgrounds.

What Makes Perplexity Labs Different?

Perplexity Labs excels with its idea-to-execution pipeline that merges creativity, data-driven insights, and technical skill. By using AI-powered prototyping and human-centered design, the lab validates and refines ideas effectively.

Their platform employs AI models and real-time data to speed up the concept-to-product process. Additionally, Perplexity Labs cultivates a community of innovators, serving as a hub of creativity and disruption.

How Perplexity Labs Pro Enhances Your Workflow?

Perplexity Labs Pro turns simple prompts into full projects like reports, dashboards, and mini-apps—all within one workspace. Instead of separate tools, you get integrated code execution, chart creation, and data sourcing in a single place.

Introducing Perplexity Labs: a new mode of doing your searches on Perplexity for much more complex tasks like building trading strategies, dashboards, headless browsing tasks for real estate research, building mini-web apps, storyboards, and a directory of generated assets.

CEO Aravind Srinivas on LinkedIn

You can quickly build, refine, and expand your projects by adding visuals, summaries, or code blocks as needed. Every output is backed by real-time data. It includes clear citations, making your work both reliable. Your work is easy to share via a simple link.

Perplexity Labs Pro helps professionals save time by turning complex tasks into polished, interactive content faster and more efficiently.

Tips to maximize your results with Perplexity Labs

Once you’re familiar with the steps, here are a few tips to make the most out of the tool:

  • Be Specific with Prompts: The more detailed your request, the better the output. Include data sources, preferred formats (table, chart, app), or context.
  • Iterate and Refine: Don’t settle for the first result. Use the “Regenerate” or “Edit” options to fine-tune your output.
  • Use Templates: Explore built-in templates for reports, dashboards, or apps to save time and get inspiration.
  • Combine Outputs: Mix charts, code, and written analysis for a more comprehensive project.

How are people using Perplexity Labs?

Here are a few examples we found:

Create a dashboard using Perplexity Labs

A marketing strategist needed to show market trends for an upcoming pitch. Instead of collecting data manually, they used Perplexity Labs to generate a research-backed dashboard. By entering a prompt—“Create a dashboard showing U.S. consumer behavior trends over the past 12 months with charts and analysis”—they received an interactive report with real-time data and key insights.

The entire process—from idea to final presentation-ready dashboard—took less than 10 minutes, saving hours of manual research and formatting.

Draft financial documents like IPO prospectus

Perplexity Labs, helmed by CEO Aravind Srinivas, has pushed AI capabilities in financial documentation further. Its Labs tool now drafts approximately 98–99% of an IPO prospectus automatically.

This leap surpasses Goldman Sachs CEO David Solomon’s estimate of 95%. He made this estimate at a Cisco event. The event highlighted AI’s ability to compress a two-week, six-person drafting effort into mere minutes. Perplexity Labs integrates deep-web browsing, code execution, charting, and image generation. These tools streamline most of the drafting process.

Still, experts agree that the remaining 1–2% still demands careful legal and regulatory scrutiny.

Early Review of Perplexity Labs on Reddit

Pros of Perplexity Labs

Check out this useful post to learn about Perplexilty Lab’s first impressions:

1. Tangible and Interactive Outputs

Users get actual files and interactive outputs, not just text replies. This is seen as a significant improvement for those who earlier had to juggle multiple tools to finish their work.

2. Time Efficiency

The tool dramatically reduces the time required for tasks like data analysis, project planning, and report generation. Usually, these processes used to take half a day now only takes about 30 minutes.

3. Versatility

Perplexity Labs can handle a wide range of tasks from analyzing company social media to web analytics. They also create interactive food charts, text-based adventure games, and prototypes for event scheduling apps.

4. Advanced Insights

The platform provides valuable, tailored recommendations and insights. Users may not have considered these, especially in areas like competitive analysis. They also aid in engagement trend evaluation.

5. Rapid Prototyping

Users are impressed by the ability to develop fully operational applications in about ten minutes. This speed makes it a powerful tool for experimentation. It is also effective for quick iteration

Early Criticism of Perplexity Labs

1. Collaboration and Privacy Limitations

Team functionalities are presently limited, and there have been some reported security issues. Collaboration features are not yet robust, which can be a drawback for group projects or enterprise use.

2. Learning Curve and Usability

Several users expressed that they struggled to use the tool effectively. They often felt that they were not interacting with Perplexity correctly. There is a notable demand for better guides, tutorials, or best practice resources specific to Perplexity Labs.

Subscribe to Applied AI Tools – we will be releasing such tutorials soon!

3. Contextual Confusion

The AI can get confused by ambiguous references in follow-up queries (e.g., using pronouns like “it” or “that”), leading to incorrect or incomplete answers. Users found it necessary to be extremely explicit and detailed in their prompts to avoid this confusion.

4. Incomplete or Inconsistent Output

Some users reported that the tool sometimes provides only partial answers or loses functionality in later iterations of a project. For example, while developing a calculator, fixing one issue would occasionally cause previously working features to break or disappear.

5. Output Formatting Limitations

The tool can generate Excel analyses and reports. Nonetheless, it has not yet fully mastered creating company-branded Word documents. Some manual copy-pasting is needed to finish outputs.

Pros and Cons of Perplexity Labs

Early adopters of Perplexity Labs are impressed by its productivity gains and versatility. Yet, they emphasize the need for better documentation. They also seek more robust collaboration tools and improved handling of context in conversations.

ProCriticism
Tangible, interactive outputsLimited collaboration features
Saves significant timeSome reported security/privacy concerns
Versatile project capabilitiesSteep learning curve, lack of guides
Provides advanced insightsAI confusion with ambiguous prompts
Enables rapid prototypingOccasional incomplete/inconsistent output
Manual steps still needed for some formats

Frequently Asked Questions About Perplexity Labs

What are Perplexity Labs?

Perplexity Labs is a feature within Perplexity AI to create comprehensive projects like reports and dashboards using AI.

Is Perplexity better than ChatGPT?

Perplexity offers unique features like integrated research tools and project generation capabilities. These features may be more suitable for certain tasks compared to ChatGPT.

What does perplexity mean?

In AI, perplexity is a measurement of how well a probability model predicts a sample. Lower perplexity indicates better predictive performance.

Is Perplexity an Indian company?

No, Perplexity AI is an American company founded by Aravind Srinivas and others.

Is Perplexity safe to use?

Yes, Perplexity AI is designed with user privacy and data security in mind, adhering to standard safety protocols

Further reading on AI models and tools

Learn more about using ChatGPT, Gemini, and others:

  • Claude Gov: Inside Anthropic AI for Defense + 6 Risks – read
  • ChatGPT vs Gemini 2.5 Pro – Analyzing Reddit And Expert Reviews – read
  • ChatGPT alternative – 30 User-Friendly ChatGPT UI tools – read
  • 5 Free ChatGPT Features For Prompt Management – read
  • Generative AI for Consulting – ChatGPT prompts, Big-4 examples, AI tools list – read
  • 3 Ways Google Firebase Studio Simplifies Vibe Coding For No-coders – read
  • Google Gemini 2.5 Pro Goes Free: How To Upgrade Your AI Powers – read

Get the latest updates about using AI for daily and workplace productivity:

This blog post is written using resources of Merrative. We are a publishing talent marketplace that helps you create publications and content libraries.

Leave a Reply

Discover more from Applied AI Tools

Subscribe now to keep reading and get access to the full archive.

Continue reading