Perplexity AI, which has raised around $1 billion from investors including Nvidia and SoftBank, was last valued at $14 billion. It claims multiple funds have offered to finance the deal in full, though no names were disclosed.

Perplexity aims to acquire Chrome for $34.5 billion, seeking to enhance its AI capabilities and user base. The three-year-old company has secured approximately $1 billion in funding to date from investors.

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.