- Artifact CEO Systrom and CTO Krieger will work with Yahoo in an advisory capacity during this transition
- Headquartered in Sunnyvale, California, Yahoo is a media and tech company
- Based in New York City, Apollo was founded in 1990
Yahoo, which is backed by Apollo Global Management, has acquired Artifact, a San Francisco-based AI-driven news aggregation and discovery platform. No financial terms were disclosed.
Artifact was created by Instagram cofounders Kevin Systrom and Mike Krieger.
Artifact CEO Systrom and CTO Krieger will work with Yahoo in an advisory capacity during this transition.
“We built an intuitive product experience that users love and has the opportunity to benefit millions of people. Yahoo brings the scale to help the product achieve what we envisioned while upholding the belief that connecting people to the trusted sources of news and information is as critical as ever,” said Systrom in a statement. “AI has allowed us to give users a better experience discovering great content they care about. Yahoo recognizes that opportunity, and we could not be more excited to see what we’ve built live on through Yahoo News.”
Headquartered in Sunnyvale, California, Yahoo is a media and tech company.
Based in New York City, Apollo was founded in 1990.
