BuzzFeed Nearing Bankruptcy After Disastrous Turn Toward AI

Victor Tangermann in Futurism:

Now, three years after its AI pivot, the writing is on the wall. The company reported a net loss of $57.3 million in 2025 in an earnings report released on Thursday. In an official statement, the company glumly hinted at the possibility of going under sooner rather than later, writing that “there is substantial doubt about the Company’s ability to continue as a going concern.”

A cautionary tale.

BuzzFeed News won a Pulitzer for reporting about China’s mass detention of Muslims in 2021.