Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet's Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser's billions of users pivotal to the AI search race.

Perplexity made headlines this week when the artificial intelligence startup said it had offered to buy Google’s Chrome, the world’s largest internet browser, for a price amounting to nearly double its valuation.