Snap Inc. (SNAP)
Market Closed
23 Jul, 20:00
$
4. 41
-0.06
-1.3423%
$
8.05B Market Cap
- P/E Ratio
- Div Yield
30.82M Volume
0.16 Eps
$ 4.47
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Snapchat Aims to Spend $1.5 Billion Per Year on AI
The CEO of Snap, developer of Snapchat, says the messaging platform is increasing its spending on artificial intelligence (AI) and machine learning. “There was a recognition that we'd fallen behind the curve on the machine learning side, which, to some degree, was reflected in the business performance,” Evan Spiegel said in an interview with Bloomberg News published Sunday (May 19).
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