The simulation of human intelligence processes by machines, particularly computer systems, is known as “artificial intelligence.” Expert systems, natural language processing, speech recognition, and machine vision are examples of AI applications. Buzzfeed’s stock recently exploded. The surge occurred after the US entertainment medium announced plans to produce content with AI in the future. The settings.
Buzzfeed is an entertainment company that focuses on cute animals, attractive people, and viral listings. The platform also includes news topics and cooking recipes, in addition to personality quizzes. Articles were previously written by human editors. However, artificial intelligence is set to change this in the future.
Buzzfeed share: Artificial intelligence should generate content
According to the Wall Street Journal and CBS MoneyWatch, Buzzfeed intends to use AI from OpenAI, which also operates ChatGPT. It is intended to help the media company create future content.
Buzzfeed CEO Jonah Peretti explained in an internal memo that artificial intelligence will play a growing role in the company’s operations.
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As early as 2023, AI is expected to generate content.
Peretti believes that artificial intelligence will assist human editors in improving their content. He does, however, see the potential for personalising content for the Buzzfeed audience. She is tasked with developing the popular personality quizzes in particular.
He also stated that the use of artificial intelligence (AI) should move from the research and development phase to the core business as early as this year. To fulfil our mission’s promise, we must strengthen our business foundation by implementing a forward-thinking strategy. To capitalise on the opportunities that will arise as the recovery progresses, we must look ahead and align our business with longer-term trends.
AI Content: Buzzfeed Stock Soars
After all, the company can already achieve success in the short term by utilising AI. Buzzfeed’s stock soared shortly after the announcement, rising more than 150 percent to $2.52 today.
This is a huge step forward for the company, as Buzzfeed stock has dropped nearly 40% in the last year. The company also reported a net loss of $27 million on revenue of $104 million in the fourth quarter of 2022, despite revenue increasing year over year.