Snap spins off AI video team into new company, Dotmo, due to costs
Snap is spinning out its internal AI video group into Dotmo, creating a separate company focused on costly video-generation development.
Excerpt
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.
Read at source: https://techcrunch.com/2026/06/18/snap-spins-off-ai-video-team-into-new-company-dotmo-due-to-costs/