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From Washington , DC report, perplexity AI has made a USD34.5 billion offer to acquire the Chrome browser owned by Google, a subsidiary of Alphabet. The bid is considered modest but exceeds the market value of the start-up, estimated at USD14 billion.
The report also stated that perplexity aims to use the potential acquisition to gain an advantage in the artificial intelligence search race by leveraging Chrome’s user base, which exceeds 3 billion people.
In addition, the move comes as Google faces regulatory pressures and plans to appeal a US court ruling last year that found it had unlawfully monopolized internet search.
According to Reuters, citing a person familiar with the matter, several funds have offered to fully finance the deal.
Source: PNA / (WAM)
The report also stated that perplexity aims to use the potential acquisition to gain an advantage in the artificial intelligence search race by leveraging Chrome’s user base, which exceeds 3 billion people.
In addition, the move comes as Google faces regulatory pressures and plans to appeal a US court ruling last year that found it had unlawfully monopolized internet search.
According to Reuters, citing a person familiar with the matter, several funds have offered to fully finance the deal.
Source: PNA / (WAM)