Snap unveiled its long-awaited Specs consumer AR glasses at a spatial AI convention in Long Beach, priced at $2,195 with spatial AI capabilities.

Snap said its planned $400 million integration deal with Perplexity's AI search engine ended amicably.

Executives are weighing AI's productivity gains against mounting concerns over social disruption, job cuts, and public pushback.

Snap is laying off approximately 1,000 employees, or 16% of its global workforce, as the company shifts resources toward AI-driven operations.