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    SNAPCHAT AUGMENTED REALITY

    Snap bets on AR glasses in post-smartphone race

    Snap, the parent company of social network Snapchat, on Tuesday launched its Specs augmented reality glasses, a major bet by a struggling company to stake out ground in the post-smartphone era. Unveiled at the Augmented World Expo in Long Beach, California, the Specs are the first standalone augmented reality glasses aimed at the general public, according to the company.

    HYBE India launches Snapchat-based auditions for global girl group

    HYBE India and Snap India are joining forces. They are launching an augmented reality audition process on Snapchat. Aspiring artists can now audition for a new global girl group. This initiative aims to reach talent across India and the diaspora. Educational content will also be available. This partnership expands access for young performers.

    Snap layoffs: Company may cut up to 1 in 5 jobs; Perplexity integration called off

    Snap Inc. is reportedly planning substantial job cuts, potentially impacting 15-20% of its workforce, as reported by Alex Heath. While some teams face significant reductions, the Specs unit, focused on AR smart glasses, is expanding hiring. Meanwhile, a planned $400 million integration with Perplexity AI has reportedly been aborted due to disagreements.

    Highest number of lenses published on Snapchat come from India: Snap CTO

    Snap claims to have claims to has more than 375,000 creators worldwide in augmented reality (AR) ecosystem that have built over 4 million AR lenses.

    Snap to focus on growing ads business, augmented reality amid poor stock performance

    Snap will focus on expanding its advertising business with an emphasis on augmented reality, CEO Evan Spiegel informed employees. The company faces competition from Meta and TikTok for ad revenue. Snap plans to launch new ad placements powered by machine learning and develop augmented reality glasses. The stock has fallen around 48% this year.

    AI to cut barriers to creativity for developers, creators, says Snap CEO Evan Spiegel on India visit

    Spiegel emphasised the role that AI is expected to play in image and video creation. He said AI has the potential to bridge the gap between the creative visions that individuals have and the capabilities of their mobile devices.

    The Economic Times
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