Snapchat's $400 Million Partnership with Perplexity Concludes
Snap's $400 million deal with Perplexity is dead
Engadget
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Snap Inc. has terminated its $400 million deal with Perplexity to integrate the AI search engine into Snapchat. The partnership, announced in November 2022, was meant to enhance the app's functionality but faced challenges and was never fully implemented.
- 01Snap's $400 million deal with Perplexity has been terminated.
- 02The partnership aimed to integrate AI search technology into Snapchat.
- 03The feature was tested but never fully launched.
- 04Snap expected revenue from the partnership by early 2026.
- 05The decision was described as an amicable conclusion.
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Snap Inc. has officially ended its $400 million partnership with Perplexity, which aimed to incorporate an AI search engine into the Snapchat app. This decision was disclosed in Snap's latest earnings report, revealing that the two companies amicably concluded their relationship earlier this year. The collaboration was first announced in November 2022, with plans to roll out Perplexity's technology to enhance user experience. However, the feature only went through testing phases and was never fully implemented. Snap had anticipated generating revenue from this partnership by early 2026, but ongoing challenges in agreeing on a broader rollout led to the termination. Perplexity has not yet commented on the situation.
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