By tradingkey.com
Publication Date: 2026-08-24 07:53:00
TradingKey – According to a report by The Information citing people familiar with the matter, Nvidia (NVDA) is in talks to participate in a new funding round for Perplexity at a valuation of over $30 billion. If completed, the deal would be one of its largest investments in the AI application layer, signaling that the chipmaker is attempting to expand from a hardware supplier to an AI ecosystem leader.
The market’s focus is shifting from Nvidia’s chip sales capabilities to whether the company can build a sustainable business model beyond hardware, and how this strategic investment will impact Nvidia’s stock price.
[Source: TradingView]
What Kind of Company Is Perplexity?
Perplexity was founded in San Francisco in August 2022. Its core product is a conversational “answer engine” that combines large language models with real-time data retrieval to directly deliver verifiable answers to users, distinguishing it from the list of links provided by traditional search.
The company was co-founded by four co-founders, including former OpenAI and Google (GOOGL) DeepMind employee Aravind Srinivas, as well as former Microsoft (MSFT) Bing and Quora employee Denis Yarats, among others.
To date, Perplexity has raised a cumulative total of more than $1.7 billion from investors such as Nvidia, New Enterprise Associates, Accel, and SoftBank. Following the completion of this funding round, its valuation has grown by over 50% from approximately $20 billion after its previous round a year ago,…