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Nvidia is reportedly in talks to invest in Perplexity at a valuation above $30 billion, according to The Information. That’s more than 50% higher than the roughly $20 billion valuation from Perplexity’s last reported funding round.
A few details from the reporting so far:
<ul>
<li>Alongside the equity investment, the two companies reportedly discussed a technology licensing arrangement, with Nvidia considering paying to license some of Perplexity’s tech and potentially hire some of its staff. It’s unclear whether that piece is still on the table.</li>
<li>Nvidia is already an investor in Perplexity, in the same camp as Jeff Bezos.</li>
<li>Perplexity was also one of the first named customers for Nvidia’s Vera CPU.</li>
</ul>
Neither company has confirmed the deal. Worth noting: Perplexity has been the subject of several unconfirmed valuation reports over the past year and a half, so treat the $30B number as unconfirmed until one of them says otherwise.
The talks land amid growing scrutiny of Nvidia’s investment pattern more broadly - it keeps putting money into companies that then turn around and spend that money on Nvidia chips. Nvidia’s 2026 equity commitments already top $40 billion. Make of that circularity what you will.

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Nvidia is reportedly negotiating an equity investment in Perplexity at a valuation exceeding $30 billion, more than 50% above its last reported $20 billion valuation, according to The Information. The talks reportedly also included a possible technology licensing arrangement and staff hires, though it's unclear if that part remains active. Nvidia is already a Perplexity investor, and Perplexity was among the first named customers for Nvidia's Vera CPU. Neither company has confirmed the deal, and the report notes Nvidia's growing pattern of investing in companies that then spend that money on Nvidia chips, with its 2026 equity commitments already exceeding $40 billion.

Nvidia reportedly in talks to invest in Perplexity at $30B+ valuation

“The talks land amid growing scrutiny of Nvidia’s investment pattern more broadly - it keeps putting money into companies that then turn around and spend that money on Nvidia chips.”
Uhhhh no shit?