logo
AI startup Perplexity offers to buy Google Chrome for $34.5B

AI startup Perplexity offers to buy Google Chrome for $34.5B

UPIa day ago
San Francisco-based AI startup Perplexity offered to buy Google Chrome in a deal for tens of billions of dollars after it was valued at around $18 billion last month but gave a $34.5 billion unsolicited offer. File Photo (2018) by Sascha Steinbach/EPA
Aug. 12 (UPI) -- AI startup Perplexity has offered to buy Google Chrome in a deal for tens of billions of dollars.
The San Francisco-based artificial intelligence software company in July was valued at about $18 billion. The company made a $34.5 billion unsolicited offer to buyout Google's Chrome browser, The Wall Street Journal first reported.
In addition, Perplexity said it would commit to keeping Google's open-source Chromium project.
The Google Chrome browser, which launched in 2008, has a reported valuation of anywhere between $20 billion to $50 billion.
Perplexity said multiple investors have agreed to back the deal despite its current valuation as it battles for supremacy in the AI marketplace with bigger names such as OpenAI and Mark Zuckerberg's Meta, which approached the company this year about its own potential acquisition of Perplexity.
The AI-powered search engine Perplexity launched its AI-powered browser Comet last month.
The unsolicited offer comes after the U.S. Department of Justice had suggested Google divest itself of Chrome stemming from the antitrust lawsuit Google lost in 2024 that said it violated U.S. antitrust law as a monopoly in search and text advertising.
But Google officials have yet to reveal how the search engine giant plans to adjust.
Google did not immediately reply to UPI's request for comment.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Google Finds Workaround for Lobbying Rules That Omits Big Bosses
Google Finds Workaround for Lobbying Rules That Omits Big Bosses

Yahoo

time22 minutes ago

  • Yahoo

Google Finds Workaround for Lobbying Rules That Omits Big Bosses

(Bloomberg) — It was the end of 2018, and Google's leaders were tired of being Number One. For the second year in a row, federal records showed the search giant had spent more than any other individual company on lobbying in Washington. Executives in Mountain View were sick of seeing that mentioned in the press. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion The US-Canadian Road Safety Gap Is Getting Wider To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain For Homeless Cyclists, Bikes Bring an Escape From the Streets Then Google apparently found a workaround. A new analysis of federal lobbying data by the nonprofit Tech Transparency Project shows that Google and its parent company, Alphabet Inc. used an internal reorganization to exclude the value of lobbying by its senior executives from disclosures. The move helped keep Google off the top of the lobbying charts even as it maintained a robust network of advocates pushing its interests in the capital, during federal challenges to its dominance in search and advertising and the beginnings of artificial intelligence regulation. The findings, which were confirmed by a Bloomberg analysis of lobbying records, show that the effect of the accounting change was to lower the amount that Google reported spending to influence the federal government, likely by millions of dollars. The reorganization 'has allowed the company to shield a significant portion of its lobbying expenditures from public view,' the Tech Transparency Project said in its report. A Google spokesperson, José Castañeda, disputed the report and said the company has followed all relevant disclosure laws. 'These are inaccurate claims about a technical change that simply brought us in line with how many other companies report their lobbying activities,' he said. 'Our lobbying expenditures began decreasing in 2018, after we restructured our government affairs team and cut spending on consultants.' Internal Reshuffle Starting in 2019, Google began cutting ties with some of its external lobbying firms, a move it acknowledged publicly as part of an overhaul of its Washington operations. But the shuffling of external lobbying firms doesn't explain the whole of the decline in Google's reported lobbying expenses, which fell from more than $22 million in 2018 to $8.9 million in the Covid-disrupted year of 2020, and have subsequently remained well below pre-pandemic levels. There's been another, quieter change: in early 2020, Google moved its in-house lobbyists into a new subsidiary, called Google Client Services LLC. It's that unit which now files spending disclosures for Google's lobbying activities. The reorganization meant that the parent companies Google and Alphabet no longer directly employed any lobbyists – defined under federal disclosure law as people spending at least 20% of their time on influencing Congress or the executive branch. Companies that file lobbying disclosure reports are supposed to also account for the time that other senior executives — those who don't meet the 20% threshold – devote to lobbying, according to legal experts and the compliance guide for the Lobbying Disclosure Act published by Congressional leaders. That generally involves prorating their annual compensation to account for the days they spend influencing the government. But since Google moved lobbyists into the Google Client Services subsidiary, the parent company no longer meets the threshold for filing disclosures under the Lobbying Disclosure Act, according to the TTP analysis. That means Google no longer reports the lobbying expenses of high-ranking managers who aren't part of the Client Services unit — like Chief Executive Officer Sundar Pichai and chief legal officer Kent Walker — to the public, as it once did. As a result, in 2020 Google dropped out of the top 20 in corporate lobbying expenses for the first time in nearly a decade, the TTP analysis found. While Google's reported annual spending has since edged back up again, it hasn't come close to the No.1 slot in the company lobbying rankings that it used to occupy. For the past five years, that position has alternated between two other tech giants: Meta Platforms Inc. and Inc. Antitrust Challenge There's been plenty going in in Washington over the period that was crucial for Google's business. For one thing, the company — like many peers — is betting heavily on AI, a field where decisions in the US capital will shape the commercial landscape. Google has also been under assault from antitrust authorities over its dominance in search and digital advertising. The company has maintained in those lawsuits that its success is down to consumer choice and superior innovation, rather than a result of its power to shape laws and regulations. Publicity around its lobbying spending has the potential to undercut such arguments and alienate regulators. When executives are as highly paid as many in Silicon Valley, the prorated amounts can add up to millions — even for just a few days' worth of lobbying. Google reported total compensation for Pichai of more than $225 million in 2022, thanks to grants of stock. His total compensation was $10.7 million in 2024. Walker's total compensation was more than $30 million last year, the company reported. Some say the new structure Google is employing flouts the spirit of the federal disclosure law – if not the letter itself. 'This is just too cute by half,' said William Luneburg, a professor emeritus at the University of Pittsburgh School of Law, and the co-editor of the manual for lobbying compliance published by the American Bar Association. 'On the face of it, it's wrong,' he said. 'They have to report all of their expenses, which would include the time of officers and directors and other employees that spend their time engaging in lobbying activity.' 'We always comply with disclosure laws and any suggestion of improper reporting is false,' said Castañeda, the Google spokesperson. TTP said it examined lobbying disclosures of several other companies that filed reports via a similar subsidiary model, but didn't find any that had used the structure to remove executive lobbying from their disclosures. —With assistance from Davey Alba and Sarah Frier. Americans Are Getting Priced Out of Homeownership at Record Rates Dubai's Housing Boom Is Stoking Fears of Another Crash Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Why It's Actually a Good Time to Buy a House, According to a Zillow Economist A $340 Million New York Office Makeover Is Converting Boardrooms to Bedrooms ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

MTA doubles LIRR passenger seating at Grand Central Madison but passengers say there ‘should definitely be more'
MTA doubles LIRR passenger seating at Grand Central Madison but passengers say there ‘should definitely be more'

New York Post

time23 minutes ago

  • New York Post

MTA doubles LIRR passenger seating at Grand Central Madison but passengers say there ‘should definitely be more'

Long Island-bound straphangers can finally take a load off. The MTA unveiled 70 new seats at Grand Central Madison's Long Island Rail Road mezzanine on Tuesday, effectively doubling the number of seats at the station. The scores of two-seat benches near 45th and 46th streets — available only to ticketed LIRR customers within a 90-minute window — bring the number of available seats in the station to 106, MTA reps said — and riders were quick to notice the new addition. 'They're not optimal, but they're pretty comfortable,' said Long Island-based chiropractor Randi Jaffe on Tuesday afternoon, pointing to the 'odd' curvature of the seats. 4 LIRR President Rob Free and Chief Customer Officer Shanifah Rieara announce new seating areas Tuesday on the mezzanine level of Grand Central Madison. LIRR 'It beats standing.' Jaffe, 53, who called the new benches 'fantastic,' added: 'It would be good if they had a back, just for support, but I imagine people aren't sitting on these benches for too long.' 4 Commuters sit on the new metal benches — without backs — at the newly-built Grand Central LIRR hub, designed for brief seating. Kevin C Downs forThe New York Post The station — which didn't have any seating when it opened in 2023 — began the rollout with 28 seats near 47th Street last October, with 14 seats at 45th Street and 28 seats at 46th Street installed this month, the MTA said. The expansion comes after a surge in LIRR ridership — with a record 1.72 million riders during the week of July 23 and an 89% return to pre-pandemic ridership numbers — and a resulting slew of customer feedback, LIRR President Rob Free said at a Tuesday press conference at the station. 'Improving the customer experience is one of our top priorities,' Free said. 4 Passengers waiting on benches at Grand Central Madison. Kevin C Downs forThe New York Post The seats are evidently already so much of a hit with some riders that there was already a resounding call for more. 'I think they're a good addition – I think there could be more of them. Otherwise there's no complaints,' said student Liam Hosey, 20, from Rockville Centre, who was sitting on the floor due to a lack of open seats. 'I was kind of dreading coming down here, not having anything to sit on,' said straphanger Megan Riley, 34. 'I think they're great.' 'There should definitely be more,' said CUNY worker Jean Ryan, 56. 'Especially for people who have mobility issues, and people who are in pain, who have arthritis.' Others, like 30-year-old health care worker Ashley, worried the seats could be taken over by homeless individuals without proper enforcement — but noted the armrest or divider used between seats 'kind of eliminates the possibility.' Another straphanger, Chris Conway of Vermont, refused to sit because of food scraps already soiling the brand-new seat. 4 New seating areas at Grand Central Madison, located on the mezzanine level at 45th and 46th Street. LIRR Despite obvious waste left behind on some of the new seats, the MTA argues customer satisfaction with the 'cleanliness' of the station is up one point from its Fall 2024 survey to 96%. 'Making sure the station is clean and well lit, clear signage as well as improved wayfinding and announcements that can certainly move the needle,' said MTA Senior Advisor for Communications and Policy Shanifah Rieara. Aside from more seats, MTA officials are working to usher in more retail to the terminal – a TRAX restaurant is poised to open at the end of the month, and the MTA is 'in the process of negotiating other leases,' Rieara said. 'We want Grand Central Madison to be a bustling terminal,' she added, 'just like our neighbors upstairs at Grand Central Terminal.'

ChatGPT-5 Gives You Real Choices After All. Here's a Quick Breakdown
ChatGPT-5 Gives You Real Choices After All. Here's a Quick Breakdown

CNET

time23 minutes ago

  • CNET

ChatGPT-5 Gives You Real Choices After All. Here's a Quick Breakdown

The biggest pushback after OpenAI announced its new GPT-5 model for ChatGPT came from devotees of older models who felt the new generative AI chatbot lacked the panache of its predecessors. Now you have more choices of pre-GPT-5 models (although you'll have to hunt for some of them) and better control over which components of GPT-5 handle your questions. OpenAI is still sorting through a somewhat rocky launch of GPT-5, led by complaints about the lack of model choices. The model has been anticipated for more than two years and comes as competitors like Anthropic and Google have released powerful new versions of their AI models this year. (Disclosure: Ziff Davis, CNET's parent company, in April filed a lawsuit against OpenAI, alleging it infringed Ziff Davis copyrights in training and operating its AI systems.) OpenAI planned for one model that could handle everything: GPT-5 includes two different modes, one fast and lean for simple tasks and one aimed at reasoning for complicated ones. A routing program would decide which model handled a given prompt. That's still the default in ChatGPT, but it's not your only option. Here's a look at the menu: Watch this: ChatGPT Users Want the Old Models Back, Intel CEO Goes to the White House & More | Tech Today 03:03 Choices of GPT-5 models There are a few different modes of GPT-5 you can select between if you want to use OpenAI's newest technology. Here's a quick rundown: Enlarge Image This is what your choices will look like if you don't enable legacy models in settings. Screenshot by Jon Reed/CNET Auto: This mode allows the switching program built into GPT-5 to decide whether your query is handled by a lighter, faster large language model or a bigger, slower reasoning model. OpenAI CEO Sam Altman posted on X that this will be the best fit for most people. This mode allows the switching program built into GPT-5 to decide whether your query is handled by a lighter, faster large language model or a bigger, slower reasoning model. OpenAI CEO Sam Altman posted on X that this will be the best fit for most people. Fast: Your query will go straight to the fastest, lightest model. Expect quick, basic answers, but not the in-depth research you'd get from a reasoning model. Your query will go straight to the fastest, lightest model. Expect quick, basic answers, but not the in-depth research you'd get from a reasoning model. Thinking: This is a reasoning model, meaning it'll try to answer your question over several steps. It might use web searches and other tools, or it might go back and redo its past steps to try to get the right answer. There are some limits on how much you can use this model (3,000 messages per week right now). This is a reasoning model, meaning it'll try to answer your question over several steps. It might use web searches and other tools, or it might go back and redo its past steps to try to get the right answer. There are some limits on how much you can use this model (3,000 messages per week right now). Thinking mini: This is a lighter, faster version of the Thinking model. If you hit the usage limit on Thinking, you'll be stuck with Thinking mini. You can access it on your own if you enable more model options (more on that below). This is a lighter, faster version of the Thinking model. If you hit the usage limit on Thinking, you'll be stuck with Thinking mini. You can access it on your own if you enable more model options (more on that below). Pro: The most powerful reasoning model in the fleet, this is only available at the moment for Pro users, who pay $200 per month. (Although Altman did tease giving Plus users, who pay $20 a month, a very limited number of queries as a taste.) Again, sticking with Auto is probably easiest for most users. Think of it like driving a car with an automatic transmission instead of having to change gears manually. Sure, people who are really into cars might prefer the stick shift, but most people should probably just let the machine handle it. How to get the older OpenAI models Everyone with a paid ChatGPT subscription can access the older GPT-4o model directly in the same menu where you can choose your flavor of GPT-5. This model received the most clamor from users after it was removed, and Altman said if OpenAI ever decides to take it away permanently, "we will give plenty of notice." But 4o isn't your only choice (if you're a paid user). You just have to know where to look. To access GPT-4.1, 4o-mini and 3o, along with GPT-5 Thinking mini, you'll have to go into your Settings and toggle on "Show additional models."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store