
Snap is creating a new company, Dotmo, by spinning off its internal AI video team to focus on developing interactive gaming experiences. The decision is driven by the high costs of maintaining such projects internally. Dotmo will begin with a team of former Snap employees and will be supported by Snap's CTO, Bobby Murphy, as the lead investor. Snap retains a significant equity stake in Dotmo, allowing it to benefit from any future success while reducing its financial burden.
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