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Snap Inc. shares leaped more than 25% in extended trading after the company unveiled a $400 million partnership with Perplexity AI to bring its AI-powered search to Snapchat. The deal opens a new business line and puts the company more squarely into the AI chatbot and assistant mix. CEO Evan Spiegel said Perplexity’s answer engine will be integrated into Snapchat’s Chat starting in 2026, while the existing My AI chatbot will remain available.

Prepared by Christopher Adams and reviewed by editorial team.