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

Nvidia is in talks to invest in Perplexity as part of an equity funding round that would value the AI startup at more than $30 billion, The Information reported on Sunday, citing people with knowledge of the discussion.

The funding round would increase Perplexity’s valuation by more than 50% from its previous financing a year ago, according to the report.

Perplexity’s annualised revenue has risen to more than $750 million from less than $250 million at the start of the year, the report said. Part of the revenue growth has been driven by Perplexity Computer, a cloud-based AI agent used by professionals to automate computer-based tasks, the report added, citing people familiar with the matter.