Last month, Buzzfeed announced plans to cut its workforce by 12% in an effort to rein in costs as the company's stock value continued its downward spiral since going public in 2021.
But a newly revealed partnership that will bring a very smart, albeit inanimate, content creator into the fold, has sent Buzzfeed's stock on a tear, with the share price up over 300% in the last two days.
"In 2023, you'll see AI-inspired content move from an R&D stage to part of our core business, enhancing the quiz experience, informing our brainstorming, and personalizing our content for our audience," Peretti wrote in the memo, according toPeretti told employees he believes the algorithmic approach of optimizing content for users is set to be replaced by new tools based on emerging artificial intelligence capabilities.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alvin man sentenced to 10 years in prison for 2021 assault of 6-month pregnant girlfriendThe woman reported that the man allegedly struck her in the back of the head with a frying pan and repeatedly hit her in the face and head after arguing the night before.
Read more »
India to get 12 cheetahs from South Africa next monthNEW DELHI (AP) — India will receive 12 cheetahs from South Africa next month that will join eight others it received from Namibia in September as part of an ambitious plan to reintroduce the cats in the country after 70 years.
Read more »
Buzzfeed soars 200% on plans to use OpenAI to help write storiesBuzzfeed stock surges 200% on plans to use OpenAI to write stories
Read more »
BuzzFeed soars on reports of Meta deal, plans to use OpenAIShares of BuzzFeed Inc jumped on Thursday on reports of a deal with Meta Platforms Inc and plans to use artificial intelligence to personalize and enhance the digital media firm's online quizzes and content.
Read more »
AI Will Start Writing BuzzFeed's Notorious Personalized QuizzesThe company said it wouldn’t use AI for news journalism, but CEO Jonah Peretti talked up AI as a shift 'toward longer term trends.'
Read more »