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

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.

Still, this offer for Chrome is far more than Perplexity has raised from investors and more than the startup’s current valuation. Perplexity has raised about $1.5 billion to date, Pitchbook estimates, including an extension round of $100 million raised last month that valued it at $18 billion, Bloomberg reported.