Snap Spins Off AI Video Team Into New Company Dotmo Due to Costs
TechCrunch AI39 days agoBusinessSnap is spinning off its internal AI video unit into an independent startup called Dotmo, staffed by current employees who are departing the social media company. The move is driven by the high cost of AI video development, which has become difficult to justify inside a core advertising business. The spinout keeps the team's work alive while removing the associated financial burden from Snap's balance sheet.
Glean’s top line crosses $300M as AI budget-cutting becomes its major selling point
TechCrunch AI60 days agoBusinessTechCrunch reports that enterprise AI search startup Glean has crossed $300 million in annual revenue. The company tripled its annual revenue even as major tech companies entered the same category. Its pitch is increasingly centered on helping enterprises reduce or rationalize AI budgets, not only on AI-powered workplace search.