Julian OliverMar 14

Buzzfeed's shares go from $15 to 70 cents, now approaching bankruptcy, seemingly as a result of going all-in on 'AI' generated content.

This emerging pattern does not speak to a wicked problem. Rather, it should be no surprise that people don't want to read machine-generated content that outwardly pretends to come from a person. Because it is innately &intrinsically deceptive, which people do not like, so ending trust that will be very hard to win back. If at all

https://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai

#ai

BuzzFeed Nearing Bankruptcy After Disastrous Turn Toward AI

Three years after its pivot to AI, the writing is on the wall for BuzzFeed. The company said there's "substantial doubt" it can keep going.

Futurism
Show threadBrian Johnson

@JulianOliver 100% agree that AI produced stuff is generally “slop” and eventually it will catch up. Can’t help wondering if that’s the whole story, though.

Like much of this industry (and the economy) in general) there is a push to produce more and more, or more precisely, keep growing, even in areas that have a natural ceiling - and at the lowest cost possible. The news articles used to be all about outsourcing to countries with the lowest labor costs, now it’s all about replacing human labor entirely.

BuzzFeed had captured a cultural feeling, a cultural moment. Maybe the real story is that they were expected to grow that forever.

Mar 14 at 12:48pmWeb