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Embracing AI didn’t do BuzzFeed’s financials any favors

Embracing AI didn’t do BuzzFeed’s financials any favors

News Briefvia The A.V. Club

BuzzFeed going all-in on AI amid ongoing financial struggles (namely, millions in debt) has backfired. This morning, the company’s stock price plummeted to $0.50, a far cry from a previous high of $2.09, Futurism reported. That’s on top of a bleak earnings per share of -$0.22 in Q3.

Source The A.V. Club

This is a summary of a story originally reported by The A.V. Club.

Read the full story at The A.V. Club

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