AI-based news: Yahoo buys website – 04/02/2024 – Tech
[ad_1]
Yahoo announced this Tuesday (2) that it purchased the artificial intelligence-driven news platform Artifact, created by the co-founders of Instagram.
In January, Artifact announced a gradual closure of its operations because “the market opportunity is not large enough to justify continued investment in this way.”
Yahoo, which also owns news brands TechCrunch, Engadget and Yahoo Finance, said Artifact’s AI-powered recommendation engine and other features will help scale its news operations and deliver personalized content to audiences.
Yahoo, which did not disclose the value of the deal, was purchased by private equity firm Apollo Global Management for US$5 billion in 2021.
Artifact was launched in early 2023 by Systrom and Brazilian Mike Krieger. Both worked at Meta until 2018.
Their departure from the company formerly known as Facebook, which acquired Instagram in 2012, was due to a tense relationship with Meta’s president, Mark Zuckerberg, and differences in their visions for the photo and video platform, according to reports published in the press at the time.
Systrom and Krieger will work with Yahoo during a transition phase following the deal, Yahoo said.
your subscription could be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to receive alerts for the day’s top news. Your subscription helps us provide independent, quality journalism. Thanks!
your subscription is worth a lot
More than 180 reports and analyzes published every day. A team with more than 200 columnists and bloggers. Professional journalism that monitors public authorities, conveys useful and inspiring news, counteracts the intolerance of social media and draws a clear line between truth and lies. How much does it cost to help produce this content?
SUBSCRIBE FOR R$ 1.90 IN THE 1ST MONTH
[ad_2]
Source link
:strip_icc()/i.s3.glbimg.com/v1/AUTH_59edd422c0c84a879bd37670ae4f538a/internal_photos/bs/2024/w/P/8LYkQUTEAIjiPkRToDrw/downdetector.png)
