Snap (NYSE: SNAP) has acquired U.K.-based artificial intelligence firm Ariel AI, whose augmented-reality (AR) technology can insert a 3D model of a human into a camera's view in real time. The news website Business Insider reported this week that the purchase took place back in September, when U.K. financial filings show Snap CEO Evan Spiegel and chief technology officer Bobby Murphy became majority shareholders.
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Trump is entitled to an additional 36 million shares if the company's share price trades above $17.50 "for twenty out of any thirty trading days" over the next three years.
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