Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet’s Chrome browser, a bid far above its own valuation as the startup reaches for the browser’s billions of users pivotal to the AI search race.
The dollar eased against the euro after U.S. consumer prices increased moderately in July, leaving intact the case for a Federal Reserve interest-rate cut next month. The consumer price index rose 0.2% last month after gaining 0.3% in June
Half of the top 20 ETFs in the US are linked to digital assets, underscoring the sector’s growing appeal to investors. Top four overall assets by inflows are crypto-related, including BlackRock’s IBIT, which leads the pack with over $57.4 billion in inflows
Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, made its first BTC purchases in August, marking five years since adopting Bitcoin as a treasury asset. Strategy acquired 155 Bitcoin for $18 million during the week ending Sunday.
Gold prices fell after President Donald Trump said tariffs will not be placed on imported gold bars, while investors awaited a U.S. inflation report that could provide an indication of the Federal Reserve’s rate outlook.
Nvidia and AMD have agreed to give the U.S. government 15% of revenue from sales to China of advanced computer chips like Nvidia’s H20 that are used for artificial intelligence applications, a U.S. official confirmed.
