Snapchat CEO Evan Spiegel Says AI Is 'Probably The Best Thing' For Snap, Warns 'There's No Moat In Software'
Snapchat CEO Evan Spiegel believes AI is the best thing to happen to Snap, transforming the company's strategy and operations. Spiegel warns that there's no moat in software, and competitors can quickly replicate features, so Snap is focusing on building harder-to-replicate advantages.
Snapchat CEO Evan Spiegel says AI is transforming the company. AI is helping Snap move faster despite limited resources. Spiegel notes that AI is changing every team at Snap and will completely change the way the company operates in 18 months. Snap is focusing on building harder-to-replicate advantages like network-driven communication and augmented reality platforms. Other CEOs, like Alphabet's Sundar Pichai, also see AI as a profound technology that will benefit society. AI is expected to add $400 billion to enterprise software by 2028.
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