Nvidia discusses licensing deal with Perplexity AI at over $30 billion valuation

Aug 24, 2026

Nvidia is in discussions with Perplexity AI over a licensing agreement involving funding that could value the AI search startup at over $30 billion. This potential deal represents a massive valuation leap from Perplexity AI's $520 million valuation in January 2024, during a Series B round in which Nvidia also participated. While neither company has publicly confirmed the deal, the transaction highlights Nvidia's deepening relationship with Perplexity AI, which has also received technical resources through the NVIDIA Inception program.

Nvidia-Perplexity licensing deal negotiations

▪As of August 24, 2026, neither Nvidia nor Perplexity AI has publicly confirmed a completed agreement
▪Nvidia is in discussions with Perplexity AI regarding a licensing agreement that could value Perplexity AI at over $30 billion
▪The discussions between Nvidia and Perplexity AI reportedly focus on a licensing agreement involving funding rather than a straightforward equity investment

Perplexity AI valuation trajectory

▪Perplexity AI has raised more than $1.5 billion in total funding from backers including Jeff Bezos and the SoftBank Vision Fund 2
▪A completed deal at over $30 billion would represent a roughly 57-fold increase from Perplexity AI's January 2024 valuation of approximately $520 million
▪Perplexity AI's valuation grew to around $9 billion by late 2024, reached $14 billion to $18 billion by mid-2025, and was estimated between $20 billion and $23 billion by early 2026

Nvidia's prior investment

▪Nvidia participated as an investor in Perplexity AI's Series B funding round in January 2024
▪Perplexity AI's Series B funding round raised a total of $73.6 million at an approximate valuation of $520 million

Nvidia Inception program support

▪Nvidia has provided technical resources to Perplexity AI through the NVIDIA Inception program
▪The NVIDIA Inception program assists AI startups by providing access to hardware, software tools, and go-to-market support