Snap's CEO Evan Spiegel said more than two-thirds of his company's new code is generated by AI. Bloomberg/Getty Images Snap's CEO, Evan Spiegel, said his company is leaning heavily into AI to build new code. He predicted that other companies would "reallocate" resources away from software engineering. It comes as companies rush to implement AI coding, while simultaneously competing for attention. Snap CEO Evan Spiegel says AI is moving so fast, it's already reshaping how his company operates. In an interview on the "Cheeky Pint" podcast, Spiegel said more than two-thirds of new code at Snap is now written by AI. He pointed to rapid advances in tools like Anthropic's Claude. "Claude is transforming software development, full stop, at Snap in every part of our organization," he said. "That's happened really quickly. I think the rate at which these models are getting better is just extraordinary." That shift is starting to change how companies allocate resources, Spiegel said.…