Tag: snap

Snap is spinning off its internal generative AI video team into a new company called Dotmo, primarily due to the high costs associated with developing this technology internally. Dotmo will focus on creating AI models for interactive gaming experiences and will consist of current Snap staff who are transitioning to the new venture. Snap will retain a significant equity stake in Dotmo and license its technology to the new company.

By NeuraFeed

Snap and AI search startup Perplexity have "amicably ended" their $400 million partnership, which would have integrated Perplexity's AI search engine into Snapchat. The deal, announced in November, was intended to bring conversational AI to Snapchat's chat interface but never fully rolled out to users. Both companies stated the original implementation was not the right fit for their product goals.

By NeuraFeed