'Artifact' is an Upcoming Article-Focused Social Media Service
Colin Smith — February 1, 2023 — Tech
References: artifact.news & theverge
'Artifact' is an upcoming social media and news service that aims to capitalize on the use of algorithms and the recent increase in the popularity of artificial intelligence. Artifact will be text-focused, similar to Twitter, but also hugely discovery-driven and algorithm-driven, similar to TikTok. The founders, who are co-founders of Instagram that departed Meta in 2018, believe this is the key to creating a successful future-facing social media.
Not only will Artifact allow for native posts on its site, but it will also service users an algorithmically-generated feed of articles from popular news sites, such as The New York Times. It is important to note that the algorithm will also serve more niche articles from lesser-known websites based on the interactions of each user.
The company believes that the recent influx in popularity of AI and AI-related services such as ChatGPT, and the many companies investing in similar services such as Baidu, Google, and more, show that there has never been a better time for an application like Artifact to gain rapid popularity.
Image Credit: Artifact
Not only will Artifact allow for native posts on its site, but it will also service users an algorithmically-generated feed of articles from popular news sites, such as The New York Times. It is important to note that the algorithm will also serve more niche articles from lesser-known websites based on the interactions of each user.
The company believes that the recent influx in popularity of AI and AI-related services such as ChatGPT, and the many companies investing in similar services such as Baidu, Google, and more, show that there has never been a better time for an application like Artifact to gain rapid popularity.
Image Credit: Artifact
Trend Themes
1. Text-focused Social Media - Disruptive innovation opportunity for social media platforms that prioritize text-based content over images and videos to cater to information-hungry audiences.
2. Algorithmically-driven Discovery - Disruptive innovation opportunity for platforms that use AI algorithms to personalize content discovery based on user interests and engagement.
3. Niche Content Aggregation - Disruptive innovation opportunity for platforms that aggregate niche content from lesser-known sources to provide users with a more diverse range of perspectives and information.
Industry Implications
1. Social Media - Disruptive innovation opportunity for new social media players to enter the market with a text-focused and AI-driven approach.
2. News Aggregation - Disruptive innovation opportunity for news aggregator platforms to use AI algorithms to personalize news feeds and include more niche content sources.
3. AI Services - Disruptive innovation opportunity for AI service providers to expand their offerings to support text-focused social media platforms like Artifact.
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