Big players in finance prove their believe in Bitcoin by purchasing the cryptocurrency.
Microsoft was reported to be in the process of downsizing its gaming sector, affecting approximately 1,900 employees, which is 9% of its gaming division.
Snap’s GAAP net loss in Q3 2023 increased by 2% year-on-year to $368 million or 23 cents per share.
This idea shares similarities with the functionalities already offered by a range of AI-driven photo applications accessible on the App Store.
It is important to note that Snap is already working with developers who create playful AR filters for users using the platform.
Snap stock has risen approximately 184.94%, and 25.76% in the past year and seven months.
In the past 52 weeks, Snap stock ranged between $16.51 and $73.59 according to market analytics provided by MarketWatch.
Experts believe that Snap acquired Ariel because the AI company is “focused on on-drive 3D mesh building in a snappy and battery efficient way with a use case in AR.”
Per advertisement revenues, Snap is pointed as one of the potential beneficiaries of the boycott on the ads of Facebook.
Being a major social media outlet, Snap has benefited from the coronavirus outbreak as more people opt to socialize through online platforms.
After the Snapchat integration, Twitter is going to launch such integrations with other social media platforms.