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AI News from ET - Snap says $400 million AI search deal with Perplexity was called off "amicably"

Vishwadeep Khatri
in AI News & Two Lenses

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Snap has amicably ended its partnership with AI startup Perplexity, canceling plans to integrate Perplexity's AI search into Snapchat. The deal, valued at $400 million, would have brought conversational AI search to the app. Despite this, Snap reported stronger first-quarter results with a 12% revenue increase and narrowed net loss.

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