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AI start-up Perplexity makes surprise $34.5bn bid for Google Chrome | AI start-up Perplexity makes surprise $34.5bn bid for Google Chrome |
(32 minutes later) | |
Artificial intelligence (AI) start-up Perplexity has made a surprise $34.5bn (£25.6bn) takeover offer for Google's Chrome internet browser. | Artificial intelligence (AI) start-up Perplexity has made a surprise $34.5bn (£25.6bn) takeover offer for Google's Chrome internet browser. |
Moving Chrome to an independent operator committed to user safety would benefit the public, Perplexity said in a letter to Sundar Pichai, the boss of Google's owner Alphabet. | Moving Chrome to an independent operator committed to user safety would benefit the public, Perplexity said in a letter to Sundar Pichai, the boss of Google's owner Alphabet. |
Google's dominance of the search engine and online advertising market has come under intense scrutiny, with the technology giant facing a years-long antitrust case brought by the US Department of Justice. | Google's dominance of the search engine and online advertising market has come under intense scrutiny, with the technology giant facing a years-long antitrust case brought by the US Department of Justice. |
The BBC has contacted Google for comment. The firm has not announced any plans to sell Chrome - the world's most popular web browser with an estimated three billion-plus users. | The BBC has contacted Google for comment. The firm has not announced any plans to sell Chrome - the world's most popular web browser with an estimated three billion-plus users. |
A US federal judge is expected to issue a ruling this month that could see Google being ordered to break up its search business. | A US federal judge is expected to issue a ruling this month that could see Google being ordered to break up its search business. |
But some analysts have said the bid is unlikely to be successful as it is still unclear whether or not Google will be forced to sell Chrome. | |
Venture capitalist Tomasz Tunguz from Theory Ventures also told the BBC that the offer is a lot lower than the browser is worth "given the value of Chrome is likely significantly higher – maybe ten times more valuable than the bid or more." | |
The company has said it would appeal such a ruling, saying the idea of spinning off Chrome was an "unprecedented proposal" that would harm consumers and security. | The company has said it would appeal such a ruling, saying the idea of spinning off Chrome was an "unprecedented proposal" that would harm consumers and security. |
Perplexity's app is among the rising players in the generative AI race, alongside more well-known platforms like OpenAI's ChatGPT and Google's Gemini. | Perplexity's app is among the rising players in the generative AI race, alongside more well-known platforms like OpenAI's ChatGPT and Google's Gemini. |
Last month, Perplexity launched an AI-powered browser called Comet. | Last month, Perplexity launched an AI-powered browser called Comet. |
The bid marks an "important commitment to the open web, user choice, and continuity for everyone who has chosen Chrome," a spokesman for Perplexity told the BBC. | The bid marks an "important commitment to the open web, user choice, and continuity for everyone who has chosen Chrome," a spokesman for Perplexity told the BBC. |
As part of the proposed takeover, Perplexity said it would continue to have Google as the default search engine within Chrome, though users could adjust their settings. | As part of the proposed takeover, Perplexity said it would continue to have Google as the default search engine within Chrome, though users could adjust their settings. |
The firm said it would also maintain and support Chromium, a widely-used open-source platform that supports Chrome and other browsers including Microsoft Edge and Opera. | The firm said it would also maintain and support Chromium, a widely-used open-source platform that supports Chrome and other browsers including Microsoft Edge and Opera. |
Perplexity did not respond to queries on how the proposed deal would be funded. In July, it had an estimated value of $18bn. | Perplexity did not respond to queries on how the proposed deal would be funded. In July, it had an estimated value of $18bn. |
The company made headlines earlier this year after offering to buy the American version of TikTok, which faces a deadline in September to be sold by its Chinese owner or be banned in the US. | The company made headlines earlier this year after offering to buy the American version of TikTok, which faces a deadline in September to be sold by its Chinese owner or be banned in the US. |
Perplexity has reportedly drawn interest from technology giants including Apple and Facebook-owner Meta. | Perplexity has reportedly drawn interest from technology giants including Apple and Facebook-owner Meta. |