Traffic is down, newsrooms are undergoing layoffs, and publishers fear that AI technologies will only make matters worse.
Entering the fray, news reader startup Particle is teaming up with publishers to seek out a new business model for the AI era, where AI summaries of news don’t have to mean lost revenues.
Now, the company is bringing its first publishing partners into the mix to help it guide its next steps.
As a start, Particle now subscribes to Reuters newswire to help it deliver information about current events in the news.
What Particle isn’t yet ready to reveal is its business model.
Artifact, the well-received AI-powered news app from Instagram’s co-founders, Kevin Systrom and Mike Krieger, may not be shutting down as planned.
“It takes a lot less to run it than we had imagined,” Systrom confirmed to TechCrunch, adding that it’s just himself and Krieger running Artifact right now.
Artifact made a splash at launch, not only because it was the first major effort at a new social app from Instagram’s co-founders, but also because of its clever use of AI.
pic.twitter.com/5PaMavJbNS — @samhenrigold@hachyderm.io (@samhenrigold) March 16, 2024Following Artifact’s announcement of its impending closure, interest in using AI to summarize the news has heated up.
Browser startup Arc implemented an AI-powered “pinch to summarize” feature ahead of its $50 million fundraise.
Artifact is one of Instagram’s founders’ ventures that continues to embrace AI. With the addition of a new summarizing feature, Artifact will now help readers understand the “high-level points” of…
