Yahoo acquires AI news platform owned by Instagram founders

Yahoo, a web service provider and search engine firm, has announced the acquisition of Artifact to improve its content provision.

“Artifact’s mission was focused on delivering the most relevant stories to users through AI, utilizing proprietary technology to provide curated news and content experiences. Commenting on the development, Kat Downs Mulder, senior vice-president and general manager of Yahoo News, said the company was one of the first to combine human and algorithmic curation of news.

“Artifact has become a beloved product and we’re thrilled to be able to continue to grow that technology and further our mission of becoming the trusted guide to digital information and the best curator connecting people to the content that matters most to them,” she said.On his part, Systrom, chief executive officer of Artifact, said he believes the acquisition has the opportunity to benefit millions of people.

Source: Tech Daily Report (techdailyreport.net)

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