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.

The unsolicited all-cash offer is significantly higher than Perplexity's current estimated $18 billion valuation. Here's why it's probably a stunt.

Many see Perplexity’s bid to buy Google’s Chrome browser as a strategic statement rather than a likely transaction.