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Equity

Perplexity’s bid for Google Chrome could be just the beginning

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 15 August 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Perplexity, the AI search startup that hasn't even cracked 100 million monthly users, just made a $34.5 billion cash offer to buy Chrome from Google. The unsolicited bid comes as the DOJ prepares its remedy decision after ruling Google illegally maintained a search monopoly. The timing makes sense, but questions remain. Perplexity won't name its backers for the massive deal, and the offer is worth far more than the company has raised. On ⁠Equity⁠, we're revisiting a conversation with ⁠Neil Chilson⁠, a lawyer, computer scientist and head of AI Policy at the Abundance Institute, to unpack what’s at stake for Google in its search and ad tech battles, and how generative AI could reshape competition in the space. As always, Equity will be back for you next week, so don’t miss it! Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.  Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is a paid ad by Fidelity Private Shares.

0:03.2

A messy or missing cap table might not just slow you down.

0:05.8

It could cost you your next fundraising round.

0:19.7

Hello and welcome back to Equity, TechCrunch's flagship podcast about the business of startups.

0:25.2

I'm Kirsten Koresak, Transportation Editor, and we're doing things a little differently this week.

0:30.2

Perplexity, the AI search startup that hasn't even cracked 100 million monthly users,

0:35.7

just made a $34.5 billion with a capital B cash offer to

0:40.5

buy Chrome from Google. Reminder, perplexity has raised about 1.5 billion to date. The timing of this

0:48.3

rather bold offer may not be so random, though. The Department of Justice is days away from

0:53.7

deciding how to punish Google

0:55.2

after a judge ruled it illegally maintained its search monopoly. Today, we're going to resurface

1:01.3

a conversation between senior reporter Rebecca Boulon and Neil Chilson, head of AI policy at the

1:07.9

Abundance Institute. The pair are going to help us unpack what's at stake

1:12.4

for Google in the search monopoly case, how its ad tech antitrust trial could go even further,

1:18.3

and how generative AI from startups like perplexity might change both search and advertising

1:23.7

as we know it.

1:27.4

Hello and welcome back to Equity, TechCrunch's flagship podcast about the business of Star advertising as we know it.

1:31.4

Hello and welcome back to Equity, TechCrunch's flagship podcast about the business of startups. I'm Rebecca Boulon. Today, we're talking about all things Google, monopolies,

1:36.3

and AI with lawyer, computer scientists, and head of AI policy at the Abundance Institute,

1:41.4

Neil Chilson. Neil, welcome to the show. It's great to be here.

1:44.7

So give me a bit of a background about Abundance Institute and your personal work background

1:49.6

so we can see how that overlaps with what we're going to discuss today.

...

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