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Nvidia in talks to invest in Perplexity at $30 billion valuation

Nvidia is discussing a potential investment in AI startup Perplexity, Reuters reported on Aug. 24, citing The Information. Sources said the investment would be an equity funding round and Perplexity’s valuation is expected to exceed $30 billion. If completed, the valuation would rise by more than 50 percent from a funding round a year earlier. The Information reported Perplexity’s annualised revenue has climbed to more than $750 million.