"The new partnership with Perplexity will see Perplexity's artificial intelligence-powered "answer engine" directly integrated into Snapchat, giving Snapchat's community of nearly 1 billion monthly active users a new way to ask questions. Perplexity will appear in the chat interface of Snapchat and will allow users to ask questions and get clear, conversational answers drawn from verifiable sources."
""Our goal is to make AI more personal, social and fun - woven into the fabric of your friendships, Snaps and conversations," said Chief Executive Evan Spiegel."
"According to Bloomberg, the deal, worth $400 million to Snap, will see Perplexity pay Snap a combination of cash and equity that will be reflected in the company's revenue beginning in 2026. On the financial side, for the quarter that ended on Sept. 30, Snap reported an adjusted earnings per share loss of six cents, up from a loss of nine cents per share in the same quarter of 2024, on revenue of $1.506 billion, up 10% year-over-year. Both figures were ahead of a 12-cents-per-share loss and revenue of $1.49 billion expected by analysts."
Snap agreed a partnership with Perplexity AI to integrate Perplexity's artificial intelligence-powered answer engine directly into Snapchat, enabling nearly 1 billion monthly active users to ask questions and receive clear, conversational answers drawn from verifiable sources. Perplexity will appear in Snapchat's chat interface and will complement the existing My AI chatbot by providing real-time answers from credible sources. The deal is valued at $400 million to Snap and involves cash and equity that will be reflected in revenue beginning in 2026. Snap reported an adjusted Q3 loss per share of six cents and revenue of $1.506 billion, beating expectations and driving a stock jump of over 20%.
Read at SiliconANGLE
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