Reported about 7 hours ago
Snap announced that it will integrate the AI answering engine Perplexity into its platform next year, boosting its shares by 12% after better-than-expected quarterly results. The partnership, which includes a $400 million agreement, aims to enhance user engagement by providing a conversational AI search feature. Snap's user base and revenue have shown growth, surpassing analysts' forecasts, while the company also plans a $500 million stock buyback to address share dilution.
Source: YAHOO