🧵 1/ BuzzFeed's Q1 revenue dropped by 27% and advertising and content revenue decreased by at least 30%, leading to the company to "adapt" to survive. #Buzzfeed #AI #business
🧵 2/ As part of those changes, the company founder and CEO, Jonah Peretti, announced that BuzzFeed will be "leaning into AI" to enhance its core business. #AI #Buzzfeed
🧵 3/ While the company maintains that AI will not replace any jobs at BuzzFeed, other companies like IBM and Wendy’s are already testing AI solutions to reduce costs and automate certain tasks. #AI #automation
🧵 2/ As part of those changes, the company founder and CEO, Jonah Peretti, announced that BuzzFeed will be "leaning into AI" to enhance its core business. #AI #Buzzfeed
🧵 3/ While the company maintains that AI will not replace any jobs at BuzzFeed, other companies like IBM and Wendy’s are already testing AI solutions to reduce costs and automate certain tasks. #AI #automation
🧵 Read more at: https://cointelegraph.com/news/buzzfeed-shutters-news-division-leans-into-ai
I thought they had declared bankruptcy already