Artifact, the AI-powered news app created by Instagram cofounders Kevin Systrom and Mike Krieger, is acquired by Yahoo.
Artifact had previously announced that it was shutting down the small but beloved AI-driven news app around two months ago. It was expected that was the end of Instagram cofounders Kevin Systrom and Mike Krieger's latest project, but that turns out not to be the case. In a statement on the Artifact website, the company announced that the app and its underlying technology has now been acquired by Yahoo.
' Kat Downs Mulder, SVP and General Manager of Yahoo News, said in a statement that the company plans to integrate Artifact's artificial intelligence technology into Yahoo News and potentially other products within the company's portfolio. Yahoo was one of the first to combine human and algorithmic curation of news. Since then, the landscape of machine learning and personalization has changed dramatically and Artifact has innovated with best-in-class technology to meet the moment.
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