Snap is turning its smart glasses team into its own company

A user mentation of Specs (unlike the developer preview pictured here) are inactive expected to get a nationalist motorboat sometime this year.

Snap is launching a abstracted concern for its upcoming Specs augmented world glasses successful a bid to lure caller investors to the project. The caller company, aptly named "Specs," volition run nether Snap arsenic a chiseled subsidiary up of the long-awaited nationalist motorboat of Specs glasses aboriginal this year.

"Establishing Specs Inc. arsenic a wholly-owned subsidiary provides greater operational absorption and alignment, enables caller partnerships and superior flexibility including the imaginable for number investment, allows america to turn a chiseled brand, and supports clearer valuation of the business," reads Snap's announcement.

The announcement reaffirms existing pl …

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