Snap is spinning off its artificial intelligence video division into a new company called Dotmo. According to TechCrunch, the startup will be led by current Snap employees who are leaving to focus on AI-powered video development. The move reflects a broader tech industry trend of carving out specialized AI units as companies look to manage costs and accelerate innovation in high-potential areas.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton