[Snap Splits Its AI Video Team into a New Company, Dotmo, Due to Cost Pressures] BlockBeats News, June 19 — Snap announced that it will spin off its internal generative AI video team to establish an independent company. The new company, named Dotmo, will focus on developing AI models capable of generating interactive gaming experiences. One of the reasons Snap decided to separate this work from its internal operations is the high cost of conducting related research and development within the company. Although Dotmo will technically operate as an independent company, it will maintain close ties with Snapchat. For instance, Snap will provide Dotmo with technology licensing, allowing it to apply relevant technologies to gaming and interactive entertainment platforms. Additionally, Dotmo's initial team will consist of some existing Snap employees who will leave Snap to establish the new company. Click the link below to access the original article and join the Beating · Feishu AI News Channel for 24/7 global AI news and updates. [Original Link]