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Yahoo Is Still Here—and It Has Big Plans for AI
Even as Yahoo turns 30, CEO Jim Lanzone says the company is still in “building mode.”
In 2001 he took over a sagging search property called AskJeeves—its share price was less than a dollar, down from a high of $196—and built it back to the point where Barry Diller’s IAC Corp bought it for $1.85 billion. Yahoo famously passed on buying Google, and actually got Mark Zuckerberg to tentatively agree to sell Facebook for $1 billion before then CEO Terry Semel asked to renegotiate, which squelched the deal. One of Lanzone’s canniest AI moves was acquiring Artifact, the AI-powered news aggregator created by Instagram cofounders Kevin Systrom and Mike Krieger.
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