On January 26, BuzzFeed CEO Jonah Peretti stated in a memo to employees that artificial intelligence will play an increasing role in company operations, and announced a partnership with OpenAI to use ChatGPT to help create content in the future. Affected by this news, BuzzFeed’s share price has risen sharply since the 26th, and it even soared 150% in the followingnoon trading session on the 26th.
Dave Briggs, a well-known host of Yahoo Finance, believes that AI may not be able to write some in-depth articles, but for BuzzFeed and OpenAI, this is still a win-win situation. In addition, for the soaring stock price of BuzzFeed, Dave Briggs said that such a rise is meaningless. This is just a fine-tuning of BuzzFeed’s business, and such fine-tuning is common in AI operations.
Founded in 2006, BuzzFeed is a news aggregation website in the United States. In 2021, BuzzFeed will go public through a merger with a SPAC company. Last year, the company’s stock price fell by nearly 40%. As of the close of US stocks on January 27, BuzzFeed’s stock price rose 85.17% to $3.87.
Get on the ChatGPT Express? Shares of digital media company BuzzFeed rose sharply. Click on the video to see it!
