24 August 2026

Nvidia considers $30 billion investment in Perplexity search startup

• Perplexity, a search engine that uses AI to answer questions, is in talks with Nvidia at a valuation above $30 billion, up from roughly $20 billion a year ago.
• Perplexity's annualized revenue has grown to over $750 million, tripled from $250 million, partly because its AI agent product consumes more computing tokens than basic chatbots.
• Nvidia has invested in multiple AI startups recently, including Groq at $20 billion and Poolside, as chipmakers increasingly fund companies likely to become major buyers of their processors.
• Perplexity CEO Aravind Srinivas is considering taking the company public around 2028 and has raised over $1.7 billion to date.

Reported by The Decoder