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In one of the most audacious moves, Indian AI startup Perplexity has offered to acquire Google Chrome for $34.5 billion. Perplexity has offered to acquire the world’s leading and top used browser in all-cash, according to the Wall Street Journal. A spokesperson from Google declined to comment on the offer and chose to ignore the pitch. This is among the boldest offers coming from an AI startup to acquire a giant. Perplexity claims that it can arrange $34.5 billion to acquire Google Chrome from several investors, including large venture-capital funds. Dmitry Shevelenko, Perplexity’s Chief Business Officer, told Bloomberg that “multiple large investment funds” have agreed to fully finance the deal. He also claimed to hire a “substantial portion” of existing employees within two years of the purchase. Shevelenko revealed that the firm will not make “stealth modifications” to the browser and let it run as it is. The idea of Perplexity to buy Google Chrome comes after US District Jud...

After increasing its value by almost 200% this year, Nvidia (NVDA) is reportedly looking to acquire an AI startup as it looks to be the first company to reach a $4 trillion market cap. Indeed, the chipmaker is looking to acquire Run:ai for $700 million in a move that was first reported in April. The company is currently navigating some regulatory concerns surrounding the acquisition, however. Specifically, the firm is seeking EU antitrust clearance to approve the purchase, according to a Reuters report. The approval will be necessary due to the fact that the move would “threaten competition in the markets where the companies operate,” the European Commission said this week. Source: CNBC Also Read: Nvidia Price Prediction: Here’s When NVDA May Hit $300 Nvidia Going After Approval to Acquire AI Startup The last two years have seen AI dominate the tech sector. Specifically, Wall Street’s information technology sector has seen artificial intelligence-related products skyro...

As Bullish’s acquisition of Coindesk poses a potential conflict of interest, some in the industry are raising questions about editorial independence . CoinDesk has established itself as an independent, often hard-hitting news organization covering the crypto sector. For context, CoinDesk investigated FTX’s solvency before breaking the news in Q4 2022. Only weeks later, the once popular crypto exchange filed for bankruptcy. Sam Bankman-Fried, the former CEO, was found guilty of all seven criminal charges in late October 2023. The sentence is scheduled for March 2024. Jason Yanowitz, the founder of crypto news outlet Blockworks, took to X on Nov. 20, saying CoinDesk’s editorial integrity could suffer under new ownership linked to a specific blockchain project. 7/ As someone who competes against CoinDesk, this acquisition is good for us. But as someone who loves crypto and believes that, now more than ever, we need unbiased media to move the industry forward in a...

The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital. The cryptocurrency miner Argo continues to undergo a series of company changes in light of its major acquisition and newly filed lawsuit.  Peter Wall, the CEO of Argo Blockchain, announced his resignation from his executive position at the company on Feb. 9.  According to the announcement, Wall will remain an advisor to Argo throughout the next three months in support of the transition out of the position. He also commented that he was “pleased” to have spearheaded the recent Galaxy Digital acquisition deal. In the same announcement, the company also revealed the resignation of Argo board member Sarah Gow. This development is due to health reasons. We announced today that CEO @PeterGWall has stepped down as CEO/Chairman. Seif El-Bakly, CFA (COO) has been appointed interim CEO; Matthew Shaw has been appointed Chairman. We thank Peter for...