BuzzFeed has launched AI-powered social apps, but initial reactions at SXSW were lukewarm.
Why it matters
This article highlights a major media company's attempt to integrate AI into its core product offerings to find new avenues for monetization. While the initial reception was not overwhelmingly positive, it signals a broader trend of traditional media exploring AI applications beyond content generation, focusing instead on interactive social experiences. The success or failure of such ventures could influence how other media organizations approach AI integration and its potential for revenue generation.
BuzzFeed is trying to make new social apps using AI to earn more money. However, people at a tech event didn't seem very excited about them yet.
Enterprise AI firm C5i has acquired UK-based Datavid for an estimated $45-50 million in an all-cash deal, marking its third acquisition. The company may also consider an initial public offering (IPO) by the end of the year.
Read on Economic Times Tech →Venture capitalist Howard Morgan predicts an upcoming correction in the AI market, advising disciplined investing and cautioning against the 'buy high, sell higher' mentality prevalent in bubbles.
Read on Economic Times Tech →Trevor Milton, founder of the electric truck company Nikola, is reportedly seeking $1 billion in funding for a new venture focused on AI-powered autonomous aircraft.
Read on TechCrunch →