"Perplexity is paying Snap $400 million in cash and equity over a year. "Perplexity's AI-powered answer engine will let Snapchatters ask questions and get clear, conversational answers drawn from verifiable sources, all within Snapchat," Snap said in the Wednesday press release. The companies plan to roll out the Perplexity search engine in early 2026, per the release. A Perplexity spokesperson told Business Insider that user data from Snapchat would not be used for training its AI."
"On Wednesday, Snap reported third-quarter revenue of $1.51 billion, a 10% increase compared to the same period last year. Its monthly active users increased 7% year-over-year to 943 million. Snap's stock price surged more than 17% in after-hours trading on Wednesday. Shares are down more than 35% this year. The Perplexity-Snapchat tieup follows the lead of other social media platforms, such as Meta and X, that have integrated AI chatbots into their app interfaces."
Perplexity will pay Snap $400 million in cash and equity over a year to integrate its AI-powered search engine into Snapchat. The Perplexity engine will provide conversational answers drawn from verifiable sources and will roll out in early 2026. Snapchat user data will not be used to train Perplexity's AI. The stated goal is to make AI more personal, social, and fun, woven into friendships, Snaps, and conversations. Snap reported third-quarter revenue of $1.51 billion, a 10% year-over-year increase, with monthly active users at 943 million, up 7%. Snap shares rose more than 17% in after-hours trading.
Read at Business Insider
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