By Yuvraj Malik
Publication Date: 2026-08-24 06:29:00
Nvidia has struck over a dozen investment-cum-chip purchase deals across the AI and cloud industry, drawing criticism that the arrangements are propping up its sales and valuation.
- Once known for its AI research capabilities, Perplexity has lost ground as ChatGPT and Claude have rolled out research modes and benefited from their broader consumer bases.
- Nvidia first invested in the AI startup in late 2023.
- Nvidia is coming off a rough week and investors would now tune in to its quarterly results due Wednesday.
Nvidia is reportedly planning a follow-on investment in Perplexity as part of a new round that would value the AI firm at $30 billion, Reuters reported on Monday, citing a report in The Information.
Nvidia has been striking investment-cum-chip purchase deals across the AI and cloud industry, drawing criticism that the arrangements are propping up its sales and valuation while creating broader market risks.
Once known for its AI research capabilities, Perplexity has lost ground as ChatGPT and Claude have rolled out research modes and benefited from their broader consumer bases. Nvidia first invested in the AI startup in late 2023.
“This is absolutely god damn ridiculous at this point. NVIDIA is effectively bailing out anyone in the AI industry as a means of inflating their valuations and keeping them buying compute,” technology critic and newsletter author Ed Zitron said in a X post.
“Spending every dollar it takes to stop any prominent AI company from dying,…
