Nvidia Discusses Over $30 Billion Investment in Perplexity

On August 24, The Information and Reuters reported that Nvidia is considering investing in Perplexity during a new funding round. The company's valuation has risen to over $30 billion, more than 50% higher than its previous valuation of $20 billion. Over the past year, Perplexity's revenue has grown from under $250 million to over $750 million, driven primarily by Perplexity Computer, a cloud-based AI agent designed for professional tasks. This expansion broadens AI applications and boosts demand for GPU computing. Negotiations are ongoing, and neither Nvidia nor Perplexity have confirmed the deal, but the interest signals strategic and investment considerations.