Artifact and Yahoo News

Steven Levy writing for Wired:

One of [Yahoo CEO] Lanzone’s canniest AI moves was acquiring Artifact, the AI-powered news aggregator created by Instagram cofounders Kevin Systrom and Mike Krieger. When the pair decided it would not become a viable business, they announced its closure and Lanzone was among multiple suitors vying for the underlying technology. It became the centerpiece of the homepage that Yahoo relaunched earlier this year. “Instead of incorporating their technology into our product, we did it the other way,” Lanzone says. “Essentially Yahoo News is now Artifact.” Systrom approves. “We partnered with Yahoo because they made a strong offer, but also because they planned on deploying our hard work to many millions of people,” he says.

Interesting update from Yahoo on its acquisition of Artifact last year.