More than 66.6% of our new code is written by AI: Snap CEO Evan Spiegel

During a podcast, Snapchat parent Snap's CEO Evan Spiegel revealed that over two-thirds (66.67%) of their new code is written by AI. Noting rapid advances in AI tools, the billionaire added, "As it becomes easier to build companies, to build software, to innovate using AI tools...there's a real premium on distribution." Firms might start reallocating resources over this, he added.