Perplexity made an unsolicited $34.5 billion bid for Google's web browser and claims it has the backing to pull it off.

Perplexity's $34.5 billion bid to acquire Chrome from Google made headlines worldwide. Discover, Instagram, X — you just couldn't miss the headline, it was everywhere. However, there's a different company that's already outbidding perplexity, and it has mostly gone under the radar.

There is so much capital floating around in the artificial intelligence sphere currently that even a cash-poor firm like Perplexity can secure enough investment to splurge on Chrome. Reuters reports that the all-cash offer is funded by various venture funds, but Perplexity has not offered specifics.