Nvidia’s $30B Perplexity Bet Extends the Compute Landlord Thesis Into AI Search
The boundary between infrastructure provider and application layer is blurring. On August 23, 2026, The Information reported that Nvidia is in discussions to invest in Perplexity AI at a valuation exceeding $30 billion. While these discussions remain unconfirmed by either party, the move represents a significant escalation in Nvidia’s capital deployment strategy, signaling a transition…