Kevin Beaumont5d ago

Buzzfeed journey:

- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in business

https://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-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 threadT2R
@GossiTheDog Hopefully that's a lesson, but probably isn't, to other companies.
Mar 14 at 5:40pmWeb
Show threadMorgan ⚧️5d ago
@T2R @GossiTheDog oh well. If we reach a turning point where the only businesses that can stay in business are the ones that aren't being leeched off of by investors and run by capitalists trying to get as much value from the working class as possible without even paying us to work, I'm all for that 🤷 out with the techbros, in with the co-ops