Snap (SNAP.US) exceeds Q3 expectations, with monthly active users close to 1 billion. Perplexity has invested $4 billion to create "AI conversation is search."

According to the Smart Financial News APP, the company behind the popular "disappearing after reading" app Snapchat, Snap Inc. (SNAP.US), has announced a partnership with the leading player in the AI search field, Perplexity AI Inc., valued at up to $4 billion. This partnership will integrate Perplexity AI's AI-driven intelligent search engine into Snapchat. After Snap Inc. reported better-than-expected performance results, its stock price surged over 25% in after-hours trading on the US stock market.