Snap Ends $400 Million AI Search Deal With Perplexity Amicably

Despite the setback, Snap continues to invest heavily in artificial intelligence and augmented reality features. The company has been expanding AI tools across Snapchat, including chatbot functions, creator tools, and AR experiences.

Snap also reported 483 million daily active users globally for the quarter, marking a 5% year-on-year increase.

Perplexity, meanwhile, remains one of the most closely watched AI startups in the search space as competition intensifies among firms building .