Snap Secures $400 Million Perplexity AI Deal, Shares Surge
TL;DR Summary
Snap Inc. announced a $400 million partnership with Perplexity AI to integrate its AI-powered search engine into Snapchat, enhancing its AI chatbot capabilities and opening new business avenues, with the integration expected in 2026. The company reported solid Q3 earnings, user growth, and a rebound in advertising revenue, despite challenges related to user engagement and regulatory compliance.
- Snap Inks $400 Million Perplexity Deal to Add AI Search to Chat Bloomberg.com
- Snap shares rocket 15% on strong forecast, $400 million Perplexity deal CNBC
- Snap tops revenue estimate and unveils $400 million deal with Perplexity AI, shares jump Reuters
- Snap Inc. Announces Third Quarter 2025 Financial Results Yahoo Finance
- Snap Shares Soar on $400 Million Perplexity AI Deal The Wall Street Journal
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