BuzzFeed soars on reports of plans to use ChatGPT's OpenAI, Meta deal
Shares of BuzzFeed Inc. extended gains to more than double in value on Thursday on reports the digital media firm was planning to use artificial intelligence to personalize and enhance its online quizzes and content.
"In 2023, you'll see AI inspired content move from an R&D stage to part of our core business, enhancing the quiz experience, informing our brainstorming, and personalizing our content for our audience," Chief Executive Jonah Peretti said in memo to employees reviewed by Reuters.
The Wall Street Journal, which first reported the development, said the company would use ChatGPT creator OpenAI for its content.
The stock surged as much as 157% to $2.45 and was on track for its busiest session. They were trading about 50% higher earlier in the day after a separate report by the Journal said Meta Platforms Inc. was paying BuzzFeed millions of dollars to bring more creators to Facebook and Instagram.
The deal, reached last year, was valued at close to US$10 million and BuzzFeed will help generate content for Meta's platforms and train creators to grow their presence online, the report said, citing people familiar with the situation.
BuzzFeed shares were among the top three orders on Fidelity's platform on Thursday, indicating interest from retail traders.
Shares of the company, valued at US$132 million, have tanked more than 90% to Wednesday's close since going public in December 2021 through a reverse merger with a special purpose acquisition company (SPAC).
The company said last month it would cut about 12% of its workforce to rein in costs. Its third-quarter net loss had widened to US$27 million from US$3.6 million a year ago.
(Reporting by Medha Singh and Shreyaa Narayanan in Bengaluru, additional reporting by Ankika Biswas; Editing by Shinjini Ganguli and Sriraj Kalluvila)
RISKIN REPORTS
CTVNews.ca Top Stories
Budget 2023 prioritizes pocketbook help and clean economy, deficit projected at $40.1B
In the 2023 federal budget, the government is unveiling continued deficit spending targeted at Canadians' pocketbooks, public health care and the clean economy.
Freeland's green economy spending aimed at competing with U.S. Inflation Reduction Act
Finance Minister Chrystia Freeland says clean energy and green technology spending may not have been the big-ticket items of the 2023 federal budget if it weren’t for the need to compete with infrastructure spending in the United States.
Federal government capping excise tax on alcohol after outcry
The increase in excise duties on all alcoholic products is being temporarily capped at two per cent starting next month instead of a planned 6.3 per cent increase.
opinion
opinion | The gun control debate in America has been silenced
In the wake of another deadly mass shooting in America, that saw children as young as nine years old shot and killed, the gun control debate is going nowhere, writes CTV News political analyst Eric Ham.
Was Stonehenge a giant calendar? New research suggests maybe not
Stonehenge's purpose has long been a mystery, with some researchers proposing that it may have been an ancient solar calendar. But now, new analysis suggests the calendar theory is unsubstantiated.
Kids would rather learn from smart robots than less-smart humans: new study
A new study published by Canadian researchers suggests that kindergarten-age children would rather be taught by a competent robot than an incompetent human.
‘Using waste material makes sense’: Mysterious artist Junko turns trash into giant sculptures
A mysterious, Montreal-based street artist named Junko is generating buzz in Metro Vancouver with futuristic, bug-like sculptures made from old car parts, scrap metal and tossed out shoes.
New research finds subtle brain changes in pre-symptomatic Alzheimer’s patients
A new peer-reviewed study from the Medical University of South Carolina report in Brain Connectivity has found individualized brain fingerprints which can help diagnose early Alzheimer's disease.
Hamilton family raising awareness about Strep A after sudden death of toddler
A Hamilton, Ont., family is hoping to raise awareness about Strep A after the tragic death of their two-year-old.
Canada
-
Police identify last two victims of Old Montreal fire, both 18 years old
Montreal police say they have identified two more victims found in the rubble of a fire in Old Montreal 12 days ago. Charlie Lacroix and Walid Belkahla, both 18, are the sixth and seventh victims of the fire.
-
Vancouver ranks No.1 in Canada as a destination city for 'mindful travellers': KAYAK
Eleven Canadian cities are among the world’s top destinations for travellers with sustainability in mind, according to the 2023 City Index for Mindful Travellers, created by travel website KAYAK.
-
'It's really sad': Neighbour describes chaotic scene after Calgary house explosion
Rima Rifai thought her furnace had exploded Monday when the house across the street burst into a ball of fire, sending 10 people to hospital with serious injuries.
-
N.B. residents suffering from mystery brain disease call for fresh investigations
New Brunswickers suffering from a mystery neurological disorder are calling for an investigation into potential environmental causes of the health problems they've been living with for more than two years.
-
Bust of Mahatma Gandhi beheaded on B.C. university campus
Authorities are asking witnesses to come forward after security at Simon Fraser University discovered the head of the school's Mahatma Gandhi bust had been removed.
-
Asylum seekers in Atlantic Canada struggle to obtain legal counsel
An influx of asylum seekers into Canada via unofficial border crossings has prompted the federal government to relocate refugees from Quebec as far as Atlantic provinces, some more than 1,000 kilometres (621 miles) away, and hire a risk mitigation company to deal with the record surge.
World
-
Daughter: Mississippi tornado victim was 'beautiful soul'
With her sister behind the wheel, Queen'terica Jones rushed across the flat Mississippi Delta as a powerful tornado bore down on their mother's home. The howling winds lifted the rear of their car off the ground and slammed them into a churchyard.
-
After school shooting, Tennessee gun laws likely to remain lax
As Nashville residents reeled from a fatal grade school shooting that left six dead, a federal judge quietly cleared the way to drop the minimum age for Tennesseans to carry handguns publicly without a permit to 18 -- just two years after a new law set the age at 21.
-
Israel's Netanyahu: Mossad helped Greece uncover terror plot
Israel's Prime Minister Benjamin Netanyahu late Tuesday said his country's intelligence agency Mossad helped Greece prevent a terrorist attack planned against at least one Jewish site in Athens.
-
Young children, the head of their school and its custodian. These are the victims of the Nashville school shooting
Another American community is reeling after a shooter killed three 9-year-olds and three adults at a private Christian elementary school in Nashville. These are the three children and three adults whose lives were taken by the shooter.
-
Brazil hits 700,000 virus deaths, 2nd highest in the world
Brazil's government on Tuesday reported the 700,000th death from COVID-19 in the South American nation, which has the second most victims of the virus after the United States.
-
Nashville police release chilling security camera footage of suspected school shooter
Nashville police have released security camera footage of a suspected shooter entering the private Christian elementary school. The shooting claimed the lives of three children, all aged nine, and three adults.
Politics
-
Budget 2023 prioritizes pocketbook help and clean economy, deficit projected at $40.1B
In the 2023 federal budget, the government is unveiling continued deficit spending targeted at Canadians' pocketbooks, public health care and the clean economy.
-
Freeland's green economy spending aimed at competing with U.S. Inflation Reduction Act
Finance Minister Chrystia Freeland says clean energy and green technology spending may not have been the big-ticket items of the 2023 federal budget if it weren’t for the need to compete with infrastructure spending in the United States.
-
Budget 2023 proposes across-the-board 3 per cent spending cut for government departments
The federal budget proposes an across-the-board three per cent spending cut for all departments and agencies, a belt-tightening move after years of massive growth in the federal public service.
Health
-
New research finds subtle brain changes in pre-symptomatic Alzheimer’s patients
A new peer-reviewed study from the Medical University of South Carolina report in Brain Connectivity has found individualized brain fingerprints which can help diagnose early Alzheimer's disease.
-
For the first time in years, researchers have identified a new susceptibility gene for breast cancer: study
A new gene connected to hereditary breast cancer susceptibility has been identified in what researchers are calling a landmark study.
-
Hamilton family raising awareness about Strep A after sudden death of toddler
A Hamilton, Ont., family is hoping to raise awareness about Strep A after the tragic death of their two-year-old.
Sci-Tech
-
Kids would rather learn from smart robots than less-smart humans: new study
A new study published by Canadian researchers suggests that kindergarten-age children would rather be taught by a competent robot than an incompetent human.
-
Could Canada soon standardize USB chargers? Feds looking into it, budget says
Tucked into the 2023 federal budget unveiled on Tuesday in Ottawa, the Liberals have announced plans to explore implementing a standard charging port across Canada, in an effort to save Canadians some money and reduce waste.
-
New source of water found in moon samples from China mission
Scientists have discovered a new and renewable source of water on the moon for future explorers in lunar samples from a Chinese mission.
Entertainment
-
U.S. Army quickly plans new ads after Jonathan Majors' arrest
The Army is working to quickly pull together some new recruiting ads to air during the NCAA's Final Four basketball games this weekend, after being forced to yank commercials that featured actor Jonathan Majors, in the wake of his arrest last Saturday.
-
Feel the Force: Hamill carries 'Star Wars' voice to Ukraine
It's a surreal moment in an already surreal war: the grave but calming baritone of actor Mark Hamill, Luke Skywalker of 'Star Wars,' urging people to take cover whenever Russia unleashes another aerial bombardment on Ukraine.
-
Angelique Kidjo, Chris Blackwell, Arvo Part awarded Sweden's Polar Music Prize
Five-time Grammy Award winner Angelique Kidjo, Island Records founder Chris Blackwell and Estonian composer Arvo Part have won the 2023 Polar Music Prize, a Swedish music award.
Business
-
Federal government outlines $83B in clean economy tax credits in bid to compete with U.S. incentives
Serious money is heading for Canadian industries looking to reduce emissions after the federal government unveiled its answer to the U.S. Inflation Reduction Act.
-
Flair customers say they're owed more after plane seizures, flight cancellations
Flair Airlines said this week that it has reimbursed almost all 1,900 passengers whose flights were cancelled after the seizure of four of the carrier's planes earlier this month, but some customers say they are owed more money -- while others say no refunds have come through at all.
-
S&P/TSX composite posts small gain, U.S. markets slightly down
Canada's main stock index eked out a small gain Tuesday thanks to strength in the energy sector, while U.S. markets were slightly down.
Lifestyle
-
‘Using waste material makes sense’: Mysterious artist Junko turns trash into giant sculptures
A mysterious, Montreal-based street artist named Junko is generating buzz in Metro Vancouver with futuristic, bug-like sculptures made from old car parts, scrap metal and tossed out shoes.
-
71-year-old Canadian woman runs every single day for more than 1,000 days
It may seem improbable - even impossible to some - but each day for the last three years, a 71-year-old Toronto woman has laced up her shoes, put one foot in front of the other, and headed out for a run
-
'Be myself': Growing training spaces for trans and non-binary fitness
Alex Jung found his way back to the water in 2018 and began instructing other trans swimmers. But, he says, it was a 'challenging pursuit' without a community. Now creating that sense of support is becoming more mainstream at local fitness centres.
Sports
-
-
More work needed to make hockey safe for is LGBTQ2S+ people: former pro player
Brock McGillis is working to change the sport he loves through a new non-profit, Alphabet Sports Collective, which looks to make hockey safer for people of all sexualities and gender identities.
-
Lionel Messi surpasses 100 career goals for Argentina
Lionel Messi scored a hat trick and surpassed 100 career goals for Argentina with three in the first half of Tuesday's international friendly against Curacao. The World Cup winners beat the Caribbean side 7-0 in their second match since clinching the trophy in December.
Autos
-
U.S. opens investigation into Tesla seat belts coming loose
U.S. highway safety regulators have opened yet another investigation into problems with Teslas, this time tied to complaints that the seat belts may not hold people in a crash.
-
New California gas price law another defeat for oil industry
California lawmakers on Monday approved the nation's first penalty for price gouging at the pump, voting to give regulators the power to punish oil companies for profiting from the type of gas price spikes that plagued the nation's most populous state last summer.
-
Formula Equal: Inside the plans to launch a '50 per cent male, 50 per cent female' F1 team
Craig Pollock's latest project, Formula Equal, would be the first team in the sport that's 50 per cent men and 50 per cent women, he says, with that equal split applying across the whole organization -- from the cockpit to the engineers to the boardroom.
