Nvidia considers investment in Perplexity at thirty billion dollar valuation

Nvidia is in talks to put money into AI company Perplexity, according to a report from 23 August. The deal would value Perplexity at more than $30 billion. That is over 50% higher than its value just one year ago, when it was worth $20 billion.

Perplexity has grown quickly this year. Its yearly revenue has risen from under $250 million to more than $750 million. Part of this growth comes from Perplexity Computer, a cloud tool that can carry out tasks on a computer automatically. The company also signed a $750 million agreement with Microsoft earlier this year to use its cloud services.

Neither Nvidia nor Perplexity agreed to comment on the report. Reuters has not been able to confirm it independently.