News aggregation and recommendation app has been purchased from co-founder. The application will no longer operate as a standalone service. Yahoo will integrate Artifact’s AI personalization technology and other features into products including Yahoo News in the coming months.
Terms of the deal, which closed last week, were not disclosed. Artifact founders Kevin Systrom and Mike Krieger will advise Yahoo (Engadget’s parent company) during the transition.
“Artificial intelligence allows us to provide a better experience for our users and allow them to discover great content they care about,” said Systrom, CEO of Artifact. “Yahoo recognized this opportunity and we are very excited to see the content we build through Yahoo News.” “
Artifact has gained some traction with its solid discovery system, which presents the stories most users want to read (it provides me with a nice blend of gaming, breaking news, and construction stories). The app aims to improve its personalized news feed over time. It does this effectively while incorporating other AI features such as news summaries.
However, the app hasn’t grown as quickly as Instagram. Although the team behind it did things such as introductions, comment voting, etc., Artifact did not find a sufficient audience. Strome and Krieger announced plans to return in January, but the two had actually spent some time alone before being sold.
As it happens, Yahoo bought another app that uses artificial intelligence to summarize news, Summly. Likewise, it shut down the app and folded the technology behind Summly into .
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