TECH CRUNCH - Artifact, the news app by Instagram's co-founders, unexpectedly shuts down due to challenges in catching up with the competition, struggling to expand its user base globally, and facing stiff competition in the news aggregation market. Despite positive feedback, the app experienced a decline in downloads after its launch, with a core community sustaining its activity. Competition from news aggregators like SmartNews and changing news consumption habits impacted Artifact's growth. The app's expansion into various features, potential confusion about its identity, and limited international traction contributed to its closure, highlighting the complexities of the evolving news app landscape.
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Instagram Co-founders' News App Artifact Shuts Down: What Went Wrong?
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Instagram Co-founders' News Aggregator Startup, Artifact, to Shut Down
TECH CRUNCH - Artifact, a news aggregator and social network founded by Instagram co-founders, is closing down. In a blog post, co-founder Kevin Systrom mentioned that the market opportunity for Artifact wasn't significant enough to justify continued investment. The platform had evolved from a news reading app to a curation and news discovery platform, facing competition in the crowded market of social networks and Twitter alternatives. Users will have time to transition, with various features gradually shutting down, and the core news capability remaining active until the end of Feb.
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Artifact App Adds Place Recommendations to Its Discovery Features
TECH CRUNCH - Artifact, a personalized news aggregation app developed by Instagram's co-founders, has added the ability to share favorite places, such as restaurants, bars, and shops, with recommendations. This feature further expands the app's transition into a discovery engine for various content types, making it a versatile tool for users. Artifact also utilizes AI to enhance its recommendation engine, rewrite clickbait headlines, and summarize news stories.
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Artifact News App Adds AI-Generated Images, Shifts Towards Social Networking
GIZMODO - Artifact, the news app developed by Instagram co-founders Kevin Systrom and Mike Krieger, is introducing AI-generated images for posts on its platform. Users can now generate and upload AI-generated images for their content, enhancing visual appeal. Artifact is expanding its features to include social networking elements like user-generated content streams, moving away from its initial news feed focus.
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Artifact Takes on X and Threads With New Posts Feature
TECH CRUNCH - Artifact, a platform founded by Instagram's co-founders, is launching a new Posts feature, allowing users to create their content directly on the platform. This expansion marks Artifact's move into social networking, enabling users to share thoughts, reviews, and ideas within the community. Posts will appear in a visual feed and can be distributed to followers or those interested in similar topics. The move comes as Artifact explores its product-market fit and embraces AI and mobile technologies for potential success.
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Artifact Co-Founder Optimistic About AI's Impact
TECH CRUNCH - Kevin Systrom, co-founder of Artifact and Instagram, holds an optimistic view on the impact of AI. He believes that new technologies like AI will empower people rather than take away jobs. Systrom's app, Artifact, leverages AI to provide users with a personalized news reading experience, combating clickbait and fake news. The app's AI-driven features include article summarization and rewriting headlines for accuracy.
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Community.com, Artifact, and Substack Creating Next-Gen Social Platforms Around Text
PYMNTS.COM - Community.com, Artifact, and Substack are creating next-generation social platforms centered around the text. These text-based apps are streamlining user engagement and driving commerce through interest and engagement, relying less on algorithmic feeds. Community.com recently raised $25M from various investors and added large corporate customers. Artifact, launched by Instagram's co-founders, uses AI to personalize users' newsfeeds, and Substack, a digital publishing platform, recently released Substack Notes, a tool for text-based content creators.
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Artifact, Instagram's Co-founders' News Aggregator, Adds a Social Discussions Feature
TECH CRUNCH - Instagram's founders have launched a new feature in their news app, Artifact. The feature introduces a way for users to comment and engage in conversations around news articles they're reading on the service, making Artifact more of a social network around the news. Artifact will address moderation by giving each new profile a "reputation score" based on community upvotes and downvotes on users' comments and using AI models to detect problematic content. The app has seen ~200K installs since becoming broadly available to the public in late February.
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Artifact Co-founder Kevin Systrom on The SVB Crisis, Its Further Impacts and Future of Tech
TECH CRUNCH - Artifact, the new personalized news app from Instagram's co-founders, is another startup whose funding was caught up in the Silicon Valley Bank failure. Unlike many other startups impacted by the bank crisis, Artifact's co-founder Kevin Systrom was in the fortunate position of being able to self-fund their startup, if need be, and was planning to loan the company money to keep it afloat. As it turns out, Artificat's financial crisis was short-lived. Systrom said that after the government took control of SVB, Artifact has since recovered all funds and has no more problems on that front.
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Instagram's Co-founders' Personalized News App Artifact Launches to the Public
TECH CRUNCH - Artifact, the personalized news reader built by Instagram's co-founders, is now open to the public, with no sign-up required. Artifact is dropping its waitlist and phone number requirements, introducing the app's first social feature, and adding feedback controls to better personalize the news reading experience, among other changes.
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Instagram's Co-founders Are Back with Artifact, a Kind of TikTok for Text
THE VERGE - Kevin Systrom and Mike Krieger, the Instagram co-founders who departed Facebook in 2018, have formed a new venture to explore ideas for next-generation social apps. Their first product is Artifact, a personalized news feed that uses machine learning to understand interests and will soon let users discuss those articles with friends. The app uses algorithmic predictions, which Kevin Systrom sees as 'the future of social.'
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