Snapchat CEO Evan Spiegel Says AI Is 'Probably The Best Thing' For Snap, Warns 'There's No Moat In Software'

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04/13

Snap Inc. (NYSE:SNAP) CEO Evan Spiegel on Sunday said artificial intelligence is transforming the company, calling it the best thing that has ever happened to Snap. In an interview with David Senra, ...

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It’s changing the way that everything gets done at Snap.\" \nSpiegel added that while changes have already been significant in recent months, \"18 months from now, the way that Snap operates will be completely different.\"\nHe highlighted AI's expanding role across healthcare, education and emergency response, while acknowledging challenges like job disruption and the need for regulation.\nLast Month, Morgan Stanley analysts pushed back on fears that AI will replace software. \nKeith Weiss said that view was a \"definitional error,\" arguing AI enhances rather than replaces software, though generative AI is disrupting niches like stock photography. He estimated AI could add about $400 billion to enterprise software by 2028.\nAndrej Karpathy said AI agents are rapidly transforming software development. \nHe noted he had barely written code in months, with AI now handling most programming tasks, signaling a major shift in how software is built.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Piotr Swat / Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}