Report: Nvidia is in talks to invest in Perplexity at a valuation above $30 billion

Nvidia is reportedly in discussions that would put money behind Perplexity, an AI startup that builds a search-like product using large language models. The report, published by Yahoo Finance, says Nvidia is considering a stake in Perplexity at a valuation above $30 billion.

The same report links the potential interest to Perplexity’s rapid expansion, stating that Perplexity’s revenue has jumped to about $750 million. It also characterizes the company as Jeff Bezos-funded, reflecting how early-stage capital from high-profile investors has helped Perplexity accelerate product development and commercialization.

If the reported talks move forward, the investment would be notable for Nvidia because it would extend its influence beyond selling the semiconductor hardware and data-center platforms that power much of today’s generative AI. Perplexity’s product sits higher in the stack, closer to AI applications that end users interact with through chat and search-style interfaces.

The report does not provide deal terms such as the size of Nvidia’s stake, the structure of the investment, or whether the talks involve a new funding round, a secondary purchase, or another kind of financing. It also does not say when a decision could be reached, or whether other large investors are involved alongside Nvidia.

Nvidia has become closely associated with the infrastructure layer of the AI boom, particularly through its data center GPUs and related software that help companies train and run AI models. That backdrop matters because, in recent years, AI startups have increasingly sought both compute access and strategic partners as they move from prototypes to scaled operations and revenue targets.

For Perplexity, a valuation above $30 billion would announcement that markets are still willing to price fast-growing AI application providers aggressively, even as the industry faces intense competition among search and assistant platforms. The report’s mention of Perplexity’s revenue scale suggests it is attempting to translate model-driven capabilities into an operating business rather than remaining solely at the research stage.

Still, key details are absent from the public reporting summarized by Yahoo Finance. It remains unclear whether Nvidia’s involvement would be at the specific valuation cited in the report, whether Perplexity would meet any conditions tied to the company’s performance, or how much of the $750 million revenue figure reflects recurring versus one-time or usage-driven income.

What to watch next is whether the companies confirm or deny the talks, and whether any fundraising materials emerge from Perplexity that include investor lists and valuation terms. Also, any disclosure from Nvidia about strategic investments, ecosystem partnerships, or results drivers could help investors understand whether such deals are becoming a larger part of Nvidia’s playbook beyond its core hardware business.