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.

The company told The Wall Street Journal that several investors including large venture-capital funds have agreed to back the purchase.

AI company Perplexity has offered to buy Google’s Chrome browser for $34.5 billion, according to a new report from the Wall Street Journal. The offer is being characterized as a “longshot,” especially since Perplexity itself is only valued at about $18 billion,