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Yahoo is acquiring Instagram co-founders’ AI-powered news startup Artifact

Yahoo is acquiring Artifact, the AI-powered news app from Instagram’s co-founders Kevin Systrom and Mike Krieger.

Yahoo is acquiring Artifact, the AI-powered news app from Instagram’s co-founders Kevin Systrom and Mike Krieger, the company announced on Tuesday. The announcement comes a few months after Artifact said it would be winding down operations as the market opportunity wasn’t big enough to warrant continued investment. “Artifact has become a beloved product and we’re thrilled to be able to continue to grow that technology and further our mission of becoming the trusted guide to digital information and the best curator connecting people to the content that matters most to them,” said Kat Downs Mulder, SVP and General Manager of Yahoo News, in a press release.

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