GOOGL: What's Behind Perplexity AI's $34.5B Chrome Bid?
Image Source: Unsplash
Perplexity would gain three billion users toward its business model, offering an AI search-for-anything app. The unicorn pledged to keep Chromium alive, the open-source underbelly of Chrome that many other Internet browser apps use.
Alphabet Inc. (GOOGL)
Last year, a US court ruled Alphabet held an unlawful monopoly in online search, and recommended a Chrome divestiture as a remedy. A federal judge is expected to rule on remedies to Google’s unlawful monopoly this month, according to Reuters.
But Perplexity might not even have the cash. The AI startup has only raised $1 billion so far from investors like Softbank Group Corp. (SFTBY) and Nvidia Corp. (NVDA), valued last at $18 billion in a $100 million funding round this year. What's more, DuckDuckGo’s Chieg Gabrield Weinberg said Chrome may fetch upwards of a $50 billion if Alphabet is forced to sell.
It’s not the first project Perplexity has tried to glob onto. The company proposed a merger with TikTok in January, a potential exit from a nearly years-long political drama surrounding the possible Chinese control of the scrolling video giant.
More By This Author:
Ebay: Powerful Momentum, Wall Street Backing Make It A Solid TradeATO: One Of My Favorite Utilities In A Booming Market
O’Reilly Automotive: A "Cannibal" Stock That You Should Consider
Disclosure: © 2024 MoneyShow.com, LLC. All Rights Reserved. Before using this site please read our complete Terms of Service, ...
more