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.

In a surprise move, Perplexity AI made an unsolicited $34.5 billion bid to buy Google’s Chrome, per reports by WSJ and CNBC Tuesday, coming as a legal ruling is pending in an antitrust case the internet giant lost that could force it to divest the browser.

The browser is slated to launch in the coming weeks and aims to use artificial intelligence to fundamentally change how consumers browse the web.