Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet's Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser's billions of users pivotal to the AI search race.

In a surprise move, Perplexity AI made an unsolicited $34.5 billion bid to buy Google’s Chrome, coming as a legal ruling is pending in an antitrust case the internet giant lost that could force it to divest the browser.

Many see Perplexity’s bid to buy Google’s Chrome browser as a strategic statement rather than a likely transaction.