⚡Funding Brief⚡ According to The Information, Nvidia is in talks to participate in an equity funding round for AI search company Perplexity, with the deal implying a valuation of more than $30 billion. Reuters said it could not immediately independently verify the report, and the funding is still under discussion; Perplexity declined to comment, and Nvidia did not immediately respond to a request for comment. Based on the reported valuation, this would represent an increase of more than 50% from Perplexity's roughly $20 billion valuation reported in September 2025, which itself was not independently verified by Reuters at the time. Driving this valuation increase is rapid revenue growth: according to The Information, Perplexity's annualized revenue has risen from less than $250 million at the start of this year to more than $750 million. Part of that growth has been driven by Perplexity Computer, a cloud-based AI agent that helps professionals automate computer-based tasks. The revenue figures are based on accounts from people familiar with the matter cited by media reports, not audited financial data disclosed by the company. Nvidia is already an existing investor in Perplexity, having participated in at least a $73.6 million round disclosed in January 2024; if the new deal goes through, it would represent an additional investment rather than a first-time stake. Perplexity CEO Aravind Srinivas told CNBC in a June 2026 interview that the company is still targeting 2028 for an IPO regardless of how Anthropic and OpenAI's public listings perform; the company's chief business officer has said 2028 is its earliest possible IPO timeline. Source: The Information (via Reuters), CNBC