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 threadChuckMar 14
@JulianOliver It is sad, but it speaks to the incompetency of its management more I think. They were in desperate straits ($180M in debt) and AI felt to them like that lifeline (all the traffic none of the human salaries!) the message here is that AI is not capable of replacing people. Not now, possibly not ever.
Show threadTomMar 14
@ChuckMcManis @JulianOliver Hasn't something similar happened to Atlassian's stock price? For the same reasons given above?
Show threadChuck

@pertho

It certainly seems to be playing with that. I haven't seen their personnel layoffs being associated with AI 'replacement' but perhaps.

@JulianOliver

Mar 14 at 5:56pmWeb