Snap saw its stock surge 25% after market close as it announced a partnership with Perplexity to integrate that firm’s AI -powered answer engine directly into Snapchat . Perplexity will pay Snap $400 million over one year, through a combination of cash and equity. Revenue from the partnership is expected to begin contributing in 2026.

The shares seem to have settled off their early high but up about 15% at $8.45.

The move gives Snapchat’s community of nearly 1 billion monthly active users a new way to ask questions, explore topics they care about, and learn about the world, the company said. Starting in early 2026, Perplexity will appear in the popular Chat interface for Snapchatters globally. Through this integration, Perplexity’s AI-powered answer engine will let Snapchatters as

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