Nvidia Negotiates Investment in Perplexity AI at $30B Valuation

Nvidia is in discussions to invest in the artificial intelligence search startup Perplexity AI in a deal that would value the company at more than $30 billion, according to a report. The potential funding round would mark a significant increase in valuation for the two-year-old firm and represents the latest move in a deepening relationship between the chipmaker and the AI developer.

The talks, first reported by The Information, would see Perplexity's valuation rise by more than 50% from its last reported round, which valued the company at approximately $20 billion. The new valuation would place Perplexity among the most highly valued private AI companies globally. The funding round itself is described as being worth billions of dollars, though the specific size of Nvidia's proposed stake and the identities of any other participating investors have not been disclosed.

A key element of the discussions is a potential technology licensing arrangement alongside the equity investment. Such a deal would be a notable step beyond a standard investor-customer relationship, potentially giving Perplexity access to Nvidia's technology on special terms and giving Nvidia a stake in the...