- Auddia Inc. announced a **restructuring of its engineering team** aimed at significantly reducing costs and aligning with its planned AI native holding company structure upon closing of a proposed business combination.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- This restructuring is projected to **reduce engineering costs by $750,000 annually**.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- As part of the restructuring, **Peter Shoebridge, Auddia CTO, will be leaving** the Company at the end of August, while **Pablo Calderon, Auddia’s head of engineering, will join the AI team at the holding company level**.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- The company's business model is changing from a **consumer subscription model to a B2B SaaS model**.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]** 
- The internal AI team will focus on training and productizing the **AI Placement Engine**, and a dedicated outsourced engineering team will lead development of the **Discovr Radio Portal**, aiming for more capital efficient and faster product development.  **[1554818_c04efdb4ae39498caf7473da9d60ffd6_0]**

AUDDIA (AUUD)