MoneyAugust 24, 2026via The Decoder
Nvidia in talks to invest in Perplexity at $30 billion-plus valuation
Why it matters
A major venture round signals both Perplexity's trajectory as a viable search alternative and Nvidia's strategic bet on AI infrastructure consumption — much of the capital cycles back as chip orders.
Key signals
- Nvidia negotiating investment in Perplexity
- Perplexity valuation: $30B+
- Valuation increase: 50%+ above previous round
- Perplexity annualized revenue: $750M (tripled)
- Nvidia investment strategy: capital flows back as chip revenue from portfolio companies
The hook
$30B+. Nvidia is negotiating its largest AI portfolio investment yet — and Perplexity's $750M annualized revenue shows the search-challenger math is working.
Nvidia is negotiating an investment in Perplexity at a valuation above $30 billion, more than 50 percent higher than its last funding round, The Information reports. Perplexity's annualized revenue has tripled to over $750 million. Much of Nvidia's investment money tends to flow back as revenue when…