BuzzFeed soars on reports of plans to use ChatGPT's OpenAI, Meta deal
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)
A grand jury in Manhattan has voted to indict Donald Trump -- the first time in American history that a current or former president has faced criminal charges, according to three sources familiar with the matter.
Ottawa Police are investigating an attempted break-in at the residence of Prime Minister Justin Trudeau's national security adviser, the second such incident involving one of his top aides in recent months.
This Sunday, NASA and the Canadian Space Agency (CSA) will announce the four astronauts that will be blasting off to fly around the moon for the Artemis II mission, one of whom will be a Canadian astronaut.
When two skiers collided on a beginner run at an upscale Utah ski resort in 2016, no one could foresee that seven years later, the crash would become the subject of a closely watched celebrity trial.
A Toronto man, whose neighbours vanished eight years ago and left their home completely abandoned, said he's fed up living next door to a property that is in complete disarray.
A candidate for the United Conservative Party in southern Alberta has resigned after she posted a video claiming children are being exposed to pornography in schools.
A scientist at CAMH says video games have similar addictive features to gambling which cause social isolation of the individual and dependency on the activity.
Two-and-a-half years after it was established, Nova Scotia’s Mass Casualty Commission has recommended sweeping changes to everything from gun control to mental health services, although there’s no guarantee any will ever be implemented.
This Sunday, NASA and the Canadian Space Agency (CSA) will announce the four astronauts that will be blasting off to fly around the moon for the Artemis II mission, one of whom will be a Canadian astronaut.
A scientist at CAMH says video games have similar addictive features to gambling which cause social isolation of the individual and dependency on the activity.
A judge has acquitted a now-retired priest of forcing himself on a residential school student more than 50 years ago, saying she believes an assault happened but could not determine beyond a reasonable doubt who did it.
A grand jury in Manhattan has voted to indict Donald Trump -- the first time in American history that a current or former president has faced criminal charges, according to three sources familiar with the matter.
A new government study highlights just how violent America's recent past has been by showing a surge in gunfire injuries during the COVID-19 pandemic, when the number of people fatally shooting each other -- and themselves -- also increased.
Nashville authorities released 911 calls Thursday that capture the terror inside an elementary school during the attack this week that left three children and three adults dead.
Former President Jair Bolsonaro arrived back in Brazil on Thursday after a three-month stay in Florida, seeking a new role on the political scene as authorities in the capital braced for the far-right populist's return.
A team of journalists from The Associated Press spent two days travelling by train with Ukrainian President Volodymyr Zelenskyy as he visited the southeastern city of Zaporizhzhia. Here are some takeaways from an interview with Zelenskyy.
King Charles III became the first monarch to address Germany's parliament, the Bundestag, on Thursday as part of a high-profile visit by the U.K. head of state aimed at bolstering ties between the two European powers.
Ottawa Police are investigating an attempted break-in at the residence of Prime Minister Justin Trudeau's national security adviser, the second such incident involving one of his top aides in recent months.
Gun policy comments made by then-RCMP commissioner Brenda Lucki in a contentious call to Nova Scotia RCMP officers after the mass shooting in 2020 did not amount to political interference, the Mass Casualty Commission (MCC) final report concludes.
When the doors close at night at the administration office at Yukon's Carcross Tagish First Nation, a van hits the road and drives through the communities to offer naloxone to reverse overdoses, drug testing kits, food and even a friendly face to help those struggling because of the opioid crisis.
New research suggests the classic image of a Tyrannosaurus rex with massive, sharp teeth might be wrong. A study in the journal Science suggests the teeth on a T. rex was likely covered by scaly lips and didn't stick out when its mouth was closed.
This Sunday, NASA and the Canadian Space Agency (CSA) will announce the four astronauts that will be blasting off to fly around the moon for the Artemis II mission, one of whom will be a Canadian astronaut.
When two skiers collided on a beginner run at an upscale Utah ski resort in 2016, no one could foresee that seven years later, the crash would become the subject of a closely watched celebrity trial.
Camila Cabello credits the strong women in her life for her success as an artist and a person. So it was only natural that she was there to celebrate her grandmother's milestone -- the publication of a novel.
Actress Melissa Joan Hart says she was near Nashville's Covenant School soon after Monday's deadly shooting of six people, including three children, and helped some students get away from the scene.
Just a week after Airbnb tightened regulations for Quebec listings following a deadly fire, hosts may already be bending the rules. Airbnb now requires its hosts to provide a six-digit policy number with their listing, obtained when a tourist lodging is registered with the provincial government. But a scroll through the Airbnb website suggests users are falsifying their permit numbers to sneak past the authentication process.
The European Union must be prepared to develop measures to protect trade and investment that China might exploit for its own security and military purposes, European Commission President Ursula von der Leyen warned on Thursday.
For nearly a year, the average used vehicle in the United States had been edging toward affordable again for millions of people. Now, with the supply of used vehicles failing to keep up with robust demand, prices are creeping up again, with signs pointing to further increases ahead.
A scientist at CAMH says video games have similar addictive features to gambling which cause social isolation of the individual and dependency on the activity.
On March 30, 1923, exactly 100 years ago, the world's first continuous passenger cruise ship arrived back in New York City after completing a 130-day voyage.
Some of the biggest names in mens' tennis are participating in the Pickleball Slam -- the latest in a series of attempts to draw eyeballs to a sport taking over courts in neighbourhoods all over while still finding its footing on television.
Former Olympic runner Oscar Pistorius has applied for parole and is expected to attend a hearing on Friday that will decide if he can be released from prison 10 years after killing girlfriend Reeva Steenkamp by shooting her multiple times through a toilet door in his home.
For nearly a year, the average used vehicle in the United States had been edging toward affordable again for millions of people. Now, with the supply of used vehicles failing to keep up with robust demand, prices are creeping up again, with signs pointing to further increases ahead.
Closing out a half century of purely gasoline-powered V12 cars going back to the brand's earliest models, Luxury Italian sports car designer Lamborghini has unveiled its first supercar with a charging port.
After claiming his 100th podium in Saudi Arabia in confusing and controversial circumstances, Fernando Alonso is looking for a better result at Sunday's Australian Grand Prix than his two third-place finishes so far this Formula One season.
