Sources: a Snap-Perplexity AI search deal calling for Perplexity to pay Snap $400M has fallen apart; Snap is set to announce significant layoffs on Wednesday
Mass layoffs land tomorrow, the Perplexity deal is dead, and Specs are launching soon. Also: OpenAI has a cyber model too …
Sources: - Snap set to announce big layoffs tomorrow. Some teams halved or more. - Specs subsidiary will gain employees ahead of the glasses' imminent launch, which will loosely follow Apple's rollout of the Vision Pro. - The $400m deal with Perplexity is not happening.
HAHA Perplexity had to send Snap $400m in cash and stock in a year, and six months in the deal is dead. It was obviously stupid. Pale Horse. Something is amiss at Perplexity [embedded post]
compared to Snap, it's remarkable how much more durable Discord has remained as a business in the face of extraordinary macro shifts community > content