Nvidia weighs Perplexity at $30B

Nvidia is in talks to invest in Perplexity at a valuation above $30 billion, while the AI search company’s annualized revenue has climbed past $750 million, according to Reuters’ report on the talks. The proposed valuation is more than 50% above Perplexity’s last reported mark, but the round is not finalized. Builders should read the signal as search turning into an agent distribution fight, extending the archive’s analysis of search APIs as an agent cost center.