Snap spins off AI video team into new company, Dotmo, due to costs

# Snap Spins Off AI Video Team as New Startup Snapchat's parent company is splitting off a group of its employees into a new independent company called Dotmo to focus specifically on artificial intelligence video tools. This move suggests Snap found it too expensive to keep this specialized team in-house, so they're letting them operate separately—a common strategy when a company wants to cut costs on experimental projects. The shift could mean Snap is refocusing its resources on its core social media business rather than funding expensive AI development.