Buzzfeed journey:
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@GossiTheDog Hopefully that's a lesson, but probably isn't, to other companies.
@T2R @GossiTheDog oh well. If we reach a turning point where the only businesses that can stay in business are the ones that aren't being leeched off of by investors and run by capitalists trying to get as much value from the working class as possible without even paying us to work, I'm all for that 🤷 out with the techbros, in with the co-ops
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
Praying that many more in on the AI Con will join BuzzFeed in bankruptcy.
Start with:
1. Meta and Zuckerberg
2. Amazon and Bezos
3. Palantir and Thiel
4. Oracle and Larry Ellison
5. Google and Brin
6. Twitter and Elon Musk -
Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog i find the fist bullet point funny enough. they have been failing for 10 solid years.
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@GossiTheDog The AI BOOM is here guys everybody join in! 😂 What about dont put all your eggs in one basket investing advice. How has everyone forgoten that when it comes to investing in AI.
@joonq @GossiTheDog if they have I've got NFTs and meme coins they might be interested in. 😉
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog I thought they had already tanked to be honest. Everytime I hear their name I think of that weird super early Twitter Nokia Lumia Gossip Girl era and think “must be dead like the rest of it.”
XOXO
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog
LOL"The brutal reality check seemingly hasn’t put [Buzzfeed CEO] Peretti off from pursuing AI, though. He now says he’s hoping to bring “new AI apps to the market” this year."
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
Oh look! A Canary in a coal mine.
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog "Produces sub-BuzzFeed level content" is a hell of an endorsement for LLMs.
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog ...and CEO entirely unrepentant - waltzing off still saying "AI" is the answer... 😭🤬🤮
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog huh, i thought buzzfeed obliterated itself more than a decade ago...
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Praying that many more in on the AI Con will join BuzzFeed in bankruptcy.
Start with:
1. Meta and Zuckerberg
2. Amazon and Bezos
3. Palantir and Thiel
4. Oracle and Larry Ellison
5. Google and Brin
6. Twitter and Elon Musk@Npars01 @GossiTheDog
Its a good list. We can only wish. Thoughts and prayers 😂 -
Praying that many more in on the AI Con will join BuzzFeed in bankruptcy.
Start with:
1. Meta and Zuckerberg
2. Amazon and Bezos
3. Palantir and Thiel
4. Oracle and Larry Ellison
5. Google and Brin
6. Twitter and Elon MuskZuck is starting to look like this recurring character from the Onion:
https://theonion.com/poll-nearly-1-in-10-adults-have-postponed-retirement-due-to-healthcare-costs/
Jaxon McCurdy, Curtain Tasseler
(Have to click the link)
Just to be extra clear.
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog @bobjmsn And doubling down on AI regardless.
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@GossiTheDog The AI BOOM is here guys everybody join in! 😂 What about dont put all your eggs in one basket investing advice. How has everyone forgoten that when it comes to investing in AI.
@joonq because AI told them not to think about it, and AI knows best, right? Right? @GossiTheDog
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
And that last paragraph...
«The brutal reality check seemingly hasn't put [BuzzFeed CEO Jonah] Peretti off from pursuing AI, though. He now says he's hoping to bring "new AI apps to the market" this year.»
That's some addictive Kool-Aid
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog Should we start calling this #slopruptcy ?
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
-
Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
"In 2023, the company’s stock price jumped aggressively, from around $3 per share to north of $15. "
"Reality soon set in. After the initial spike in enthusiasm, the company’s stock took a massive beating; as of this week, its shares are hovering around 70 cents."
https://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai
@GossiTheDog this is the future every company is heading toward. But not before mass layoffs
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Buzzfeed journey:
- Successful
- Pivoted to GenAI for content
- Laid everybody off
- Now admits it probably can't stay in businesshttps://futurism.com/artificial-intelligence/buzzfeed-disastrous-earnings-ai