Artifact, an news reading app curated by AI, founded by Instagram co-founders Kevin Systrom and Mike Krieger, has announced its closure. This comes over a year after its launch in February.
Despite the technology’s appeal to users, the Artifact team has concluded that the market expansion opportunities are limited. This has resulted in a decrease in investment for further business expansion. It is therefore necessary to explore other AI-related opportunities.
The app will remain active until the end of February, allowing users to continue accessing its features. However, commenting and posting additional content will be disabled. Additionally, the entire team of eight individuals will be relocating.
TLDR: The AI-driven news reading app, Artifact, created by Instagram’s Kevin Systrom and Mike Krieger, is shutting down due to limited market opportunities. The app will remain operational until the end of February, after which commenting and posting will be disabled. The team will also be relocating.
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