Nvidia eyes fresh investment in AI startup Perplexity ahead of earnings, valuation may cross USD 30 bn
New Delhi, Aug. 25 -- Ahead of its earnings, chipmaker Nvidia is reportedly in talks to invest in Perplexity as part of a funding round that may push the AI startup's value to over USD 30 billion.
Nvidia is scheduled to announce its fiscal second-quarter results on August 26, with investors closely watching for updates on the company's AI investments and partnerships.
As per a report by TheStreet, citing The Information, people familiar with the matter noted the company is discussing an equity investment in Perplexity. Further, Reuters also reported the development; however, it could not independently verify the details, it noted.
"The startup's valuation sat at roughly $20 billion after a funding round finalized last year, meaning a $...
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