Home Instagram Co-Founders Shut Down AI News App

Instagram Co-Founders Shut Down AI News App

Share
Share

Instagram Co-Founders Shut Down AI News App

Instagram co-founders Kevin Systrom and Mike Krieger are closing their AI-driven news app, Artifact, just before its one-year mark.

The core news reading features will be available until the end of February, while commenting and posting functionalities are disabled.

Artifact, known for its AI-centric approach and interactive environment, gained attention for its celebrity founders and innovative news consumption methods.

The app has a significant presence in Apple and Google’s app stores. CEO Systrom acknowledged the challenges faced by Artifact, stating that the market opportunity isn’t big enough to warrant continued investment.

The wind-down process has begun, with commenting and posting disabled, and news access remains until February’s end.

(With inputs from Shikha Singh)

Share

Latest News

Intesa Sanpaolo Raises Crypto Holdings To $235M
News

Intesa Sanpaolo Raises Crypto Holdings To $235M

Italy’s largest lender Intesa Sanpaolo expanded crypto holdings to approximately $235 million during the first quarter after increasing exposure across multiple digital...

Over $205M In Crypto Tokens Set For Unlock Next Week
News

Over $205M In Crypto Tokens Set For Unlock Next Week

More than $205 million worth of crypto tokens are scheduled for unlock events next week across several major blockchain projects. Pyth leads...

Gemini Revenue Jumps 42% After Bitcoin-backed Investment
News

Gemini Revenue Jumps 42% After Bitcoin-backed Investment

Gemini reported first-quarter revenue of $50.3 million after posting strong growth across exchange services, credit products and institutional trading activity. Revenue increased...

Lombard Finance Moves $1B Bitcoin Assets To Chainlink
News

Lombard Finance Moves $1B Bitcoin Assets To Chainlink

Bitcoin DeFi platform Lombard Finance is migrating more than one billion dollars worth of Bitcoin-linked assets away from LayerZero infrastructure and onto...

Latest Blogs

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and rather amusing part of digital coins that thrive on community...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career in next generation internet, AI and Web3. The good news...

Art Of Becoming A Memecoin Master & Staying Ahead

Within the cryptocurrency market, memecoins are a more lighthearted and entertaining segment. They are created from online comedy, viral trends, and jokes....

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Related Articles

How To Spot The Next Big Memecoin

Inspired by online jokes and viral trends, memecoins are the not-so-serious and...

AI & Web3: New Age Careers With High Income Potential?

The smartest move going forward right now is to build a career...

Art Of Becoming A Memecoin Master & Staying Ahead

Within the cryptocurrency market, memecoins are a more lighthearted and entertaining segment....

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...