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

June 18, 2026 Lucas Ropek

The Snapchat maker is spinning off yet another internal unit. Dotmo will be composed of current Snap staff who are leaving the social media company to focus on AI video development.

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

Startup Baseten is reportedly close to finalizing a $1.5 billion round at a $13 billion as the “inference g...

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OpenAI is bringing on some big guns in the lead-up to its IPO 
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