This is the second major offer the AI startup has made this year to buy a major asset. In January, it offered to buy TikTok.

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Perplexity AI said it has made a $34.5bn unsolicited all-cash offer for Alphabet’s Google Chrome browser.

The deal, if Alphabet agreed to it, would also require financing above the startup’s most recently reported valuation of $18bn.

The nearly three-year-old startup’s purchase of Chrome, if approved, would give the company access to its more than three billion users as regulatory pressure weighs on Google’s control over the tech industry.