The Rundown Perplexity Offers $34.5B for Google Chrome, Cava Plunges on Weak Sales
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Aug 13, 2025 The latest stock market trends reveal a positive shift following an encouraging inflation report. Perplexity's staggering $34.5 billion bid for Google Chrome raises eyebrows in the tech world. Meanwhile, Kava faces challenges with disappointing sales figures, impacting its stock. In the crypto realm, a promising IPO attracts significant interest from institutional investors. On a lighter note, the debut of The Wizard of Oz at Las Vegas's Sphere invites audience participation, blending entertainment with innovation in the arts.
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Inflation Calm Puts Rate Cut Odds High
- The CPI reading at 2.7% eased fears and pushed markets to record highs as traders priced a near-certain September rate cut.
- Market expectations now put the odds of a Fed cut in September at roughly 90%, but more data still matters.
Perplexity's Chrome Bid Is Strategic PR
- Perplexity publicly offered $34.5 billion for Chrome, likely a PR play tied to the DOJ antitrust case against Google.
- Chrome's strategic value comes from browser-level AI integration and access to billions of users, making Google unlikely to cede it easily.
Scale Gap Between Perplexity And Google
- Perplexity's user volume is tiny versus Google despite claims of millions of queries, highlighting the scale gap in search.
- Rumors of Apple interest matter because Safari integration could rapidly amplify an AI search player's reach.