Key Points:
- AI startup Perplexity has offered to buy Google’s Chrome browser for $34.5 billion.
- The company said venture investors have proposed funding the deal.
- The Department of Justice proposed Google divest Chrome as part of the antitrust suit the company lost last year.
Perplexity, an AI search startup, made one of the boldest offers in recent tech history when it offered Google $34.5 billion for Chrome, which is nearly twice the company’s own valuation.
The three-year-old company is led by a former Google and OpenAI employee and has investors including Jeff Bezos, the founder of Amazon, and Nvidia, a chip manufacturer.
However, an investor in the technology sector referred to the offer as a “stunt” that is significantly less than Chrome’s actual worth and pointed out that it’s unclear if the platform is actually for sale.
Perplexity wants to invest 3 billion dollars in Google after acquiring it, and chrome will be the default browser, but perplexity will only replace Google’s AI engine with its own Perplexity AI engine
And this will also help perplexity can do deep research due to large audience and database by which they can create more advanced AI engines
Case on Google Chrome
Google is being sued by the U.S. Department of Justice (DOJ) for allegedly illegally maintaining a monopoly in the search and advertising sectors. Google’s agreements to make Google the default search engine with businesses like Apple and Android device makers, according to the DOJ, are anti-competitive. The court will decide on possible measures against Google, such as penalties or possibly dismantling the firm, during the case’s remedies phase.
Allegations
- The DOJ claims Google has used its dominant position in search and advertising to stifle competition.
- Google allegedly pays billions of dollars to companies like Apple to ensure its search engine is the default on their devices.
- The DOJ argues these agreements prevent other search engines from gaining market share and limit consumer choice.
- Some says that , Annually Google pays 15 billion dollar to apple for to make Google Chrome their default browser
US Court says Google Chrome has to Sell it , so Perplexity offers $34.5 billion, which is much less than its original value. According to specialists, Google Chrome’s valuation is more than $100 billion.
So, This may be the publicity stunt to get into people’s eyes or may be a bad move to end Google’s monopoly by the big tech giants in the tech industry.