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Snap Spins Off AI Video Team Into New Company Dotmo Due to Costs

Snap 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.