Yahoo acquires Instagram co-founders' AI news platform Artifact
The Star Online - Tech·2024-04-03 08:00
(Reuters) - Yahoo said on Tuesday it had acquired Instagram co-founders' AI-driven news platform, Artifact, and will incorporate its technology across the U.S. web services provider's news and other sites.
The deal signals continued pain for media start-ups struggling to grow revenue at a time when Big Tech giants Alphabet and Meta Platforms attract the bulk of advertising sales.
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