Yahoo Acquires Struggling AI News App Artifact from Instagram Founders
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Yahoo acquired news app Artifact from Instagram co-founders Kevin Systrom and Mike Krieger.
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Artifact used AI to personalize news recommendations for users. Its technology will be integrated into Yahoo News.
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Systrom and Krieger will advise Yahoo during the transition process.
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Artifact struggled to gain traction despite its effective news curation. The founders had planned to shut it down.
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This marks Yahoo's second acquisition of an AI-powered news summarization app after buying Summly over 10 years ago.