TL;DR: AI startup Perplexity has made a $34.5 billion bid to acquire Chrome, despite previously opposing its divestiture from Google and arguing no other company could run it effectively. We are concerned that this sale could lead to a 70% plunge in web platform investmentand that Perplexity has neither the means nor incentive to fund the web platform to the same level as Google. This outcome would further strengthen the anti-competitive grip of Apple and Google’s native platforms at the ex...
