Snap Inc

Snapchat has introduced three new AI-powered video filters, known as AI Video Lenses, that add interactive effects to videos

Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment

Rogers rejected arguments that the defendants were immune from being sued by the US Constitution's First Amendment

Visual messaging app Snapchat has crossed 200 million monthly active users mark in India and 120 million of them watch content on the platform, parent firm Snap Inc said on Tuesday. The company on the occasion announced the launch of an experimental AI-powered chatbot customised for Snapchat, My AI, that can recommend birthday gift ideas, plan a trip for a long weekend or even suggest a recipe for dinner. "Snapchat reaches over 200 million monthly active users in India," Snap Inc said in a statement. The visual messaging app has over 750 million monthly active users globally comprising 90 per cent of users in the age bracket of 18-24 years. "I am thrilled to have joined Snap at a time where the momentum among our Indian community has never been stronger. We see incredible potential for partners, creators and brands to build communities and businesses on Snapchat, and we couldn't be more excited about our future. "Young India has particularly valued the healthy and private environm

Snapchat has announced to roll out its AI chatbot called 'My AI to all users globally with new features for a better way to chat with your friends

As a result of learning, the company has shared an update on some of the safety enhancements and said to launch a few tools to keep the AI responses in check

The company said that users can take a break with a new feature the platform is testing to let you reignite the spark and restore one Streak for free with just one tap

Snap, the parent company of Snapchat, has hinted at future AR glasses powered by generative AI technology during its fourth-quarter earnings call on Tuesday

The company announced the change on its support page for Snap Camera and said that the application will "no longer be available to use or download" later this month

The company hopes that the feature will help developers to make money and motivates them to keep building

Since launching Sounds, videos created with music from Sounds on Snapchat have collectively resulted in over 2.7 billion videos created and over 183 billion views globally

Meta's request is "overbroad and abusive," Snap said in court filings

The parent company of social media platform Snapchat said Wednesday that it is letting go of 20% of its staff as it reorganizes and tries to reduce costs in the face of declining sales. In a letter to staff posted on Snap Inc.'s website, CEO Evan Spiegel said sales were not keeping up with earlier projections. Unfortunately, given our current lower rate of revenue growth, it has become clear that we must reduce our cost structure to avoid incurring significant ongoing losses, Spiegel wrote. Spiegel said Snap was restructuring its business to focus on community growth, revenue growth and augmented reality. Anything that doesn't contribute to those three areas will be discontinued or receive substantially reduced investment, Spiegel said. Last fall, Snap said its ad sales were being hurt by a privacy crackdown that rolled out on Apple's iPhones, which raised investor fears about the app's potential for growth. Most social media platforms rely heavily on advertising revenue, one reaso

Snap jumps as it restructures ad business, lays off staff; Netflix rises after hiring two Snap Inc executives; Bed Bath & Beyond sinks on corporate overhaul

Snap, the parent company of Snapchat, is reportedly laying off 20 per cent of its workforce (around 1,280 employees), and the company's Chief Business Officer Jeremi Gorman is leaving to join Netflix

Snap, the parent company of photo-sharing platform Snapchat, has reached a $35 million settlement with the state of Illinois in the US in a class-action lawsuit over illegal user data collection

The Snapchat parent plummeted as much as 30 per cent in premarket trading

Facebook parent Meta Platforms plunges 10%, erasing $53 billion in market value; Snap tumbles 40% in intraday trading

Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook

CEO Evan Spiegel told employees that company plans to hire 500 people this year, versus 2,000 it hired over past 12 months, after warning investors that its revenue wouldn't grow as fast as expected