Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the generative AI startup Perplexity.

The deal, announced last November, would have seen Perplexity's AI search engine integrated directly into Snapchat.

Snap's $400 million deal with Perplexity to put the AI search engine directly in Snapchat is dead. The two companies "amicably ended the relationship" earlier this year, Snap disclosed in its latest ...

Snap has amicably ended its partnership with AI startup Perplexity, canceling plans to integrate Perplexity's AI search into ...

Meta laid off 1,000 Reality Labs employees and redirected budget to AI glasses; Apple holds Vision Pro at $3,499; Google ...

Snapchat's founder company, Snap, recently took a bold step by ending a $400 million mega-deal with Perplexity AI. The ...

Snap reported cautious sales guidance for Q2 after ending its $400 million deal with AI startup Perplexity, citing uncertainty from Middle East geopolitical tensions.

Snap Inc. (NYSE:SNAP) posted first-quarter results that topped analyst estimates, but the stock slid after the company warned ...

Despite losing a planned $400 million Perplexity deal, Snap tops Q1 forecasts with rising revenue, narrower losses and ...

Artificial intelligence was linked to an estimated 50,000 layoffs in 2025, and just this year, Amazon, Atlassian, Pinterest, Block, and Fiverr have announced layoffs linked to AI. Now, you can add ...

Snap is finally transitioning from a structurally unprofitable social media platform into a diversified, monetizable ecosystem with multiple high-margin revenue streams and clear operating leverage.

In its Q1 2026 investor letter, it advised analysts not to expect any contribution from Perplexity in its revenue guidance. The latter was supposed to have powered Snap’s AI search, but alas. The ...