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

Published on June 18, 2026
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.
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OpenAI is bringing on some big guns in the lead-up to its IPO 

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AI inference startup Baseten reportedly raising $1.5B months after its last mega round

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