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 threadChaddicus
@JulianOliver this is very interesting to me. Unlike big tech corpos, Buzzfeed has been recognized for years as a platform that offers very little of value. While it is an isolated case, the fact that it collapsed this quickly and thoroughly after embracing "AI"-generated content does suggest to me that the big tech corpos staying afloat is less an acceptance of their use of the technology but more of a compromise users are willing to make for a service they find useful or habitual enough.
Mar 14 at 4:33pmTusky