Nvidia in Talks to Back Perplexity at Over $30B Valuation

25 Aug 2026, 7:30 am · 18d ago · 1 min read · YourStory

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Nvidia

Nvidia is reportedly in discussions to invest in artificial intelligence search startup Perplexity in a new funding round valuing the company at more than $30 billion. The prospective valuation represents a 50% jump compared to Perplexity's previous financing round. The startup's annualized revenue has crossed $750 million, up significantly from under $250 million at the beginning of 2026, accelerated by demand for its AI agent tool, Perplexity Computer. The prospective investment underscores growing strategic collaboration between chipmakers and frontier AI application developers as competition in the generative search sector intensifies globally.