BuzzFeed stock

Shares of the digital media company have been struggling since it went public in a SPAC deal in late 2021. BuzzFeed stock price skyrockets on news of deals with ...

- Is BuzzFeed using OpenAI’s tech to write news stories? - And all this is good for BuzzFeed stock? - So, is BuzzFeed using ChatGPT to create content? As part of the deal, Meta is reported to be paying BuzzFeed $10 million. As of the time of this writing, the stock is up another 30% in pre-market trading, hovering around $2.73 per share. If you’re an owner of BuzzFeed stock (Nasdaq: BZFD), the last 24 hours have been very good for you.

What's moving on Wall Street this week? It's Buzzfeed [NasdaqGM:BZFD] folks. Investors are piling into the stock following news that it will be working with ...

The technology will not be useful as a means of producing content that it not currently there already – i.e. It can be very useful technology to supplement existing activities but it is harder to balance an entire news gathering operation on ChatGPT. The question is, will this be a game changer for Buzzfeed and the wider media industry? What this means in essence is that there are limitations on the way ChatGPT can be used in actual news gathering. CEO Jonah Peretti has already told his troops that AI is going to be a core part of the Buzzfeed business. It is being hailed as the beginning of major changes for the online media business.

As part of a deal reached last year worth $10 million, BuzzFeed agreed to help generate creator content for Meta's platforms and train creators to grow their ...

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BuzzFeed stock zoomed more than 200% during Thursday's session as the media house announced the use of OpenAI tools for content production.

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Wall Street sure does love a fad, and it looks as if artificial intelligence may be the next “it” thing. Shares of struggling digital-media company BuzzFeed ...

As of now, AI appears to be more like the internet than SPACs. Bloomberg News reports that OpenAI’s artificial intelligence tool ChatGPT has lit up the internet since its introduction in November, amassing more than a million users within days and touching off a fresh debate over the role of AI in the workplace. It will very likely change the economy and our way of life. Like the internet, the technology promises to change the economy. Sure, everyone kind of knew the internet would be big and change the economy. Yes, it was as speculative as it sounds, and the SPAC boom came crashing down last year once the Federal Reserve raised interest rates at a historic pace. The dot-com bubble soon burst, and the Nasdaq Composite Index, where many of the newly public internet companies resided, fell almost 80%. Companies tied to the internet went public and watched their shares soar, with perhaps the most famous being web browsing company Netscape, whose shares rose from $28 to $75 on its first day of trading as a public company. Based on the reaction in BuzzFeed shares, it won’t be long before all sorts of companies in all sorts of industries trip over one another to announce some new initiative involving AI. Like AI now, iterations of the internet had been around for a few decades, but the technology developed quickly to the point where it became available to the masses. Fads have always been a part of Wall Street but seem to have really picked up during the dot-com boom of the late 1990s. Wall Street sure does love a fad, and it looks as if artificial intelligence may be the next “it” thing.

BuzzFeed's stock surged by another 62% on Friday, extending their surge after the digital media firm revealed it would work with ChatGPT creator OpenAI's ...

The tool generates high-quality responses on an array of topics and in many forms, including essays, poetry and jokes. OpenAI is managed by a non-profit organization of the same name. In December, BuzzFeed announced plans to trim its workforce by 12% as part of cost-cutting efforts.

By Ciara Linnane. BuzzFeed has a clear 'lane' in the competitive landscape to create value by leveraging its content creation expertise, say Bank of America ...