-: FOLLOW US :- @theinsaneapp
Instagram co-founders Kevin Systrom and Mike Krieger's news app, Artifact, is shutting down after just one year of operation.
-: FOLLOW US :- @theinsaneapp
Artifact employed an AI-driven approach to recommend news articles based on user preferences, but it failed to gain sufficient traction in the market.
-: FOLLOW US :- @theinsaneapp
CEO Kevin Systrom, in a blog post, acknowledges that the app has a core group of users who love it but states that the market opportunity is not significant enough to justify continued investment.
-: FOLLOW US :- @theinsaneapp
The shutdown process has begun, with users unable to add new comments or posts.
-: FOLLOW US :- @theinsaneapp
However, reading news on Artifact will still be possible until the end of February.
-: FOLLOW US :- @theinsaneapp
Since its launch in January 2023, Artifact introduced several features, including AI-powered article summaries, the ability to comment on articles, and the option to mark articles as clickbait and rewrite them using AI.
-: FOLLOW US :- @theinsaneapp
-: FOLLOW US :- @theinsaneapp
The app expanded its focus beyond news, allowing users to share web links and engage in Twitter-like posts.
-: FOLLOW US :- @theinsaneapp
Features such as comments and posts required considerable moderation and oversight, which the small team of eight people working on Artifact couldn't sustain.
-: FOLLOW US :- @theinsaneapp
The team will disband, and CEO Kevin Systrom expresses personal excitement about continuing to build new things, emphasizing the limitless opportunities in the AI realm.
-: FOLLOW US :- @theinsaneapp
Despite the app's closure, Systrom remains optimistic about exploring new ideas within the AI landscape.