Nvidia in Talks to Back Perplexity at $30 Billion Valuation
Nvidia is in talks to invest in Perplexity at a valuation above $30 billion, a 50% jump from a year ago, as the AI search startup’s revenue triples on its new agent product.
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Nvidia is in talks to invest in Perplexity at a valuation above $30 billion, a 50% jump from a year ago, as the AI search startup’s revenue triples on its new agent product.
Hugging Face is reportedly exploring a sale valuing it at $13 billion or more, nearly triple its 2023 valuation, though no deal has been reached and no buyer identified.
ByteDance and Tencent each received about 10,000 Nvidia H200 chips, but Chinese regulators want the hardware kept in Hong Kong, which lacks the power to run it.
Nvidia has discussed investing in Mercor, a data-labeling startup that supplies expert data for its Nemotron models, in a round that would double the company’s valuation to $20 billion.
Anthropic is in advanced talks to acquire Israeli AI infrastructure startup Decart at a valuation of approximately $6 billion. The deal would be Anthropic’s largest acquisition to date and would add inference optimization and real-time video generation capabilities ahead of a planned public offering.
SpaceX plans to build Starmind orbital AI satellites around optimized NVIDIA Vera Rubin NVL72 computing, with initial launches expected in 2027.
AI startups captured 53% of global venture funding in July, their lowest share since December, even as total investment reached $65 billion in a record month for mega-rounds.
NVIDIA has formed a long-term partnership with Ilya Sutskever’s Safe Superintelligence, reportedly investing $5 billion and giving the secretive AI lab access to Vera Rubin systems that will expand its computing capacity tenfold.
NVIDIA has formed the Open Secure AI Alliance with Microsoft, IBM, Palantir, CrowdStrike, and more than 35 other organizations to build open-source defenses for AI agents and software.
NVIDIA is reportedly in advanced talks to provide a roughly $250 billion financing guarantee for a vast OpenAI data center in Ohio, potentially helping the ChatGPT maker secure better terms for one of the largest AI infrastructure projects ever proposed.
Nearly 200 Silicon Valley companies, including Y Combinator and Proton, urged the Trump administration not to restrict Chinese open-weight AI models, warning it would cripple US startups.
Google is designing Frozen v2, a chip that hardwires parts of its Gemini model into silicon and could serve six to ten times more tokens per watt, targeting deployment by 2028.
NVIDIA unveiled Cosmos 3 Edge and said Japan’s robotics and manufacturing leaders, from FANUC to Sony, intend to join its Cosmos Coalition to build AI for the physical world.
SK Hynix raised $26.5 billion in its Nasdaq debut, the largest US listing ever by a foreign company, as investors rushed to buy into the AI memory chip boom.
SpaceXAI released Grok 4.5, a coding and agentic model trained jointly with Cursor that undercuts rivals on price and token use, though it trails Fable 5 on benchmarks.