Snap spins off AI video team into new company called Dotmo

The Snapchat maker is spinning off yet another internal unit. Dotmo will be comprised of current Snap staff who are leaving the social media company to focus on AI video development.

Snap's long-awaited smart glasses debut hasn't exactly done wonders for the company's stock.

Snap CEO Evan Spiegel wearing the Snap Specs. They’re not the worst on him, but bold fashion rarely makes for mainstream success. | Screenshot: CNBC Yesterday, Snap debuted its new $2,195 Specs glasses. In an interview with CNBC, Snap CEO Evan Spiegel described the Specs as something the company had been working on for more than 12 years, an attempt to "bring computing into the world" and "make it more human." He positioned them as a device to help people stay more connected to the world around them instead of looking down at their phones. People, he said, are tired of screens. While Spiegel was speaking, I was struck by how, whenever his head moved, the light caught the lenses just so, revealing the hidden outline of the Specs' display. It was ironic that Spiegel was talking about scr … Read the full story at The Verge.

Snap's AR glasses could redefine consumer tech engagement, influencing market dynamics and accelerating AR adoption despite high costs. The post Snap introduces $2,195 Snap Specs AR glasses for pre-order appeared first on Crypto Briefing.

Snap's Specs glasses could redefine AR consumer expectations, influencing market dynamics and accelerating tech adoption despite high costs. The post Snap unveils Specs augmented reality glasses priced at $2,195 appeared first on Crypto Briefing.

Sriram Krishnan, senior policy adviser for artificial intelligence at the White House, is departing the Trump administration at the end of June after 18 months shaping US AI policy from inside the executive branch. Krishnan, a former product leader at Microsoft, Twitter, Facebook, and Snap, and most recently a partner at Andreessen Horowitz, was among […]

A two-decade veteran of Microsoft, Google, and Snap says the next generation of engineers will spend less time typing code and more time supervising AI.

The post Snap’s Q1 Makes Its AR Glasses Bet Harder To Ignore appeared on BitcoinEthereumNews.com. Concept of augmented reality technology being used in futuristic smart tech glasses getty Snap’s first-quarter results gave investors something they have not always had from the company: evidence of operating discipline. Revenue rose 12% year-on-year to $1.53 billion. Daily active users returned to growth, reaching 483 million. Adjusted EBITDA more than doubled to $233 million, while free cash flow climbed to $286 million. Net loss narrowed to $89 million. On the surface, this was a cleaner Snap story: stronger engagement, better margins and a more credible path toward sustained cash generation. But the more important strategic question sits outside the quarter. Snap is still asking investors to believe in Specs, its augmented reality glasses that are a bid to compete with Meta, Apple and Google for the next consumer computing surface. Evan Spiegel used the results to reaffirm Snap’s commi