Snap says its $400M deal with Perplexity ‘amicably ended’

Perplexity has opened its Personal Computer feature to all Mac users through a new desktop app, bringing local AI agent capabilities beyond its previous Max subscriber waitlist. The tool extends Perplexity’s cloud-based Computer product onto users’ own devices, giving AI agents access to local files, native Mac applications, over 400 connectors, and the web to […]

Snap has quietly terminated its $400 million partnership with AI search startup Perplexity, revealing the split as part of its first-quarter earnings report. The deal, announced last November, would have embedded Perplexity’s conversational AI search engine directly into Snapchat’s Chat interface. Despite limited testing with select users, the companies failed to agree on a path […]

Perplexity's Personal Computer brings AI agents to your Mac, and is now open to everyone.

Choosing the right AI platform is not as straightforward as most people expect. Both tools are free, capable, and widely used. But the ChatGPT vs Perplexity choice comes down to how you work. One is built for writing. The other is built for search.

PLUS: Stress test business ideas with Perplexity

Venture funding of AI companies in 2026 will easily smash funding records set in 2025, with some heavy deals already consummated in the first quarter, according to market researchers. Data from Crunchbase shows that $300 billion poured into 6,000 startups worldwide during the first quarter of 2026. That’s a quarterly record for venture funding in AI companies, a Crunchbase news report said. A study from S&P Global measured generative AI funding reaching over $140 billion in the first quarter of 2026, outpacing all of 2025, according to a story published on the company’s website. Amid economic concerns, inflation, and the war in Iran, there were fewer deals overall, but the funding rounds were large in scope compared to any made in 2025. X.AI, for example, kicked off 2026 with a series-E round of $20 billion. OpenAI received $122 billion in a massive funding round in March, with a valuation of $852 billion. Anthropic received $30 billion in one round of funding that valued the company a

More than half of seed dollars last year went into deals of $10 million or above. At the same time, deal counts for seed-stage startups have fallen since the 2021-2022 peak, as has funding going into rounds below $10 million, Crunchbase data shows.

Companies redraw $135bn alliance as ChatGPT maker seeks greater independence to increase revenues