News Summary

• Talks are the latest turn in a relationship that already runs deeper than the usual investor-and-customer arrangement.
• At more than $30bn, the valuation would represent a jump of over 50% on the roughly $20bn Perplexity carried after its last reported round.
• The round itself is described as worth billions of dollars, though neither the size of Nvidia’s proposed stake nor the identity of the other participants has been reported.
• Neither company has commented publicly, and it is not clear whether the licensing component is still live or was set aside during the negotiations.