Snap Creates Dotmo, Spinning Off AI Video Team Amid Cost Concerns
TechCrunch AI20h ago·1 min read
AI Summary
Snapchat's parent company, Snap, is spinning off its AI video development team into a new entity called Dotmo. This move is driven by the high costs associated with AI development, allowing the new company to focus exclusively on this area.
⚡ Marketer Insight
The significant costs of AI development are forcing even major social media players to restructure; expect more specialized AI ventures to emerge as companies seek efficiency and focus.
#snapchat#ai video#startup#cost management
Original article
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