Perplexity did not disclose how it plans to fund the offer, but says multiple funds have offered to finance the deal in full
This is AI generated summarization, which may have errors. For context, always refer to the full article.
MANILA, Philippines – Perplexity AI on Tuesday, August 12, made an unsolicited all-cash offer to Google to buy the Chrome browser from it for $34.5 billion, more than double the current valuation of Perplexity.that Perplexity did not disclose how it plans to fund the offer. Reuters reported Perplexity was valued at about $14 billion, whilePerplexity said, however, that multiple funds have offered to finance the deal in full but did not name the funds.
Perplexity also told TechCrunch it promised to not alter the user defaults of Chrome users, including what serves as Chrome’s default search engine — this would let people keep using Google to search, instead of switching it out for Perplexity’s AI-powered search engine.Victor Barreiro Jr. is a multimedia reporter focusing on technology.
Google Tech Companies Technology Business Corporate Industries
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cloudflare accuses Perplexity AI of using stealth crawlers to evade rules against data-scrapingCloudflare says that when when Perplexity's crawlers are presented with a network block, they 'appear to obscure their crawling identity in an attempt to circumvent the website’s preferences'
Read more »
All ‘F1 25’ players will get this chrome McLaren livery in Season 2You can get the chance to rewrite history, too
Read more »
Google and OpenAI’s AI models win milestone gold at global math competitionThe results mark the first time that AI systems crossed the gold-medal scoring threshold at the International Mathematical Olympiad for high-school students
Read more »
Apple and Google face more UK antitrust scrutiny over mobile ecosystems'Apple and Google’s mobile platforms are both critical to the UK economy… but our investigation so far has identified opportunities for more innovation and choice,' Competition and Markets Authority head Sarah Cardell says
Read more »
Google users less likely to click links if presented with AI summaries in search resultsPew research finds AI summaries in Google searches lead to decreased link clicks and increased session exits
Read more »
Google ordered to pay Argentine pictured naked in his yardLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »