– Artifact, an AI-powered news app from Instagram’s co-founders, may not be shutting down as planned
– Kevin Systrom and Mike Krieger are keeping Artifact alive and exploring ways to maintain the app in the future
– Interest in using AI to summarize the news has increased since Artifact’s announcement of closure
Artifact, the AI-powered news app from Instagram’s co-founders, Kevin Systrom and Mike Krieger, was set to shut down in January due to the market not being big enough for continued investment. However, the app has continued to function past its end-of-life date of February 2024. Systrom and Krieger are keeping Artifact alive for now and exploring ways to maintain it in the future, giving hope to fans of the app.
Artifact was known for its AI-powered personalized news reading experience that summarized news in different styles and improved clickbait headlines for clarity. Interest in using AI to summarize news has increased since Artifact’s announcement of closure. Other startups like Arc, Feeeed, Bulletin, and Particle are also using AI to enhance the news reading experience.
Despite its impending closure, Artifact is still running with funding from Systrom and Krieger. Social features like commenting and posting have been removed, but the app still offers news reading and AI summarization features. The co-founders have realized that running the app costs less than expected and are exploring all possible options for its future, hinting at a potential exit deal. Other AI-powered news apps have also seen investor interest, indicating a growing market for this technology in the news space.