BuzzFeed stock rises more than 120% after company announces plans to use ChatGPT

BuzzFeed stock rises more than 120% after company announces plans to use ChatGPT

BuzzFeed (BZFD) is planning to heavily lean on AI-generated content.

News that sent shares of the company exploding higher, rising as much as 150% in afternoon trade.

According to an internal memo obtained by Yahoo Finance, and first reported by The Wall Street Journal, the company plans to utilize ChatGPT creator OpenAI to generate and personalize some of its content and enhance its quizzes.

“To fulfill the promise of our mission, we need to build a stronger business foundation by executing a…


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