Perplexity AI Updates: May 7, 2026

1. Snap and Perplexity Quietly Unwind Their $400M Search Deal

Perplexity. Snap confirmed that its previously announced $400M deal to integrate Perplexity into Snapchat has “amicably ended” without ever fully shipping. The reversal removes one of Perplexity’s most prominent consumer distribution wins and is a fresh data point on how fragile big-platform AI partnerships still are. Source