There is so much capital floating around in the artificial intelligence sphere currently that even a cash-poor firm like Perplexity can secure enough investment to splurge on Chrome. Reuters reports that the all-cash offer is funded by various venture funds, but Perplexity has not offered specifics.

AI startup Perplexity said it made a formal offer to acquire Google’s Chrome browser for $34.5 billion, in anticipation of requirements that may be imposed on the search giant in antitrust proceedings.