Nvidia eyes investment in Perplexity at over $30 billion valuation: Report

Nvidia is reportedly in talks to invest in Perplexity at a valuation above $30 billion, according to The Information. The proposed equity funding round would raise Perplexity’s valuation by more than 50% compared with its prior financing a year ago. The report also said Perplexity’s annualized revenue has climbed to more than $750 million, up from under $250 million at the start of the year. Some of the growth is attributed to Perplexity Computer, a cloud-based AI agent used by professionals to automate computer-based tasks. Perplexity declined to comment, and Nvidia did not respond to a request for comment. Perplexity is planning to go public in 2028.