Nvidia Corp (NASDAQ:NVDA) is reportedly in discussions to invest in Perplexity as the fast-growing AI startup seeks funding at a valuation exceeding $30 billion.

Nvidia Eyes Stake in Perplexity at $30 Billion Valuation

Nvidia is considering participating in Perplexity’s latest equity financing round, which could value the company at more than $30 billion, Reuters reported (via The Information).

In September last year, Perplexity had reportedly finalized a $20 billion valuation.

Nvidia and Perplexity did not immediately respond to Benzinga’s request for comment.