Auddia Announces Restructuring of Engineering Team in Preparation for Business Combination

Core Insights - Auddia Inc. is restructuring its engineering team to reduce costs by $750,000 annually while preparing for an AI-native holding company structure following a proposed business combination [1][3] - The company is shifting its business model from a consumer subscription model to a B2B SaaS model, targeting artists and labels to leverage AM/FM radio streams [4] Engineering Restructuring - The current lead AI engineer will join the AI engineering team at the holding company level, enhancing the company's focus on AI [1][2] - The restructuring aims to utilize internal and outsourced engineering talent to accelerate product development [1][5] - Key AI talent will be retained while less specialized engineering tasks will be outsourced, allowing for parallel development of multiple projects [3] Leadership Changes - Peter Shoebridge, the CTO, will leave the company at the end of August as part of the restructuring [3][4] - The CEO expressed gratitude for Shoebridge's contributions and professionalism during the transition [4] Product Development Focus - The internal AI team will concentrate on training and productizing the AI Placement Engine, while the outsourced team will develop the Discovr Radio Portal [5] - This new structure is expected to be more capital efficient and expedite the product development process [5]