Snap Shares Surge on $400 Million Perplexity AI Deal

Bloomberg TechnologyWednesday, November 5, 2025 at 9:12:20 PM
Snap Shares Surge on $400 Million Perplexity AI Deal

Snap Shares Surge on $400 Million Perplexity AI Deal

Snap Inc. is making waves in the tech world as its shares jumped over 25% following a significant $400 million partnership with Perplexity AI. This deal aims to integrate an AI-powered search engine into Snapchat, enhancing user experience and potentially attracting more users. This move not only showcases Snap's commitment to innovation but also highlights the growing importance of AI in social media, making it a noteworthy development for investors and tech enthusiasts alike.
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