Search results for Yelp
AI & Enterprise
Meta nears launch of consumer AI agent Hatch
Meta Platforms plans to launch within weeks a consumer version of its conversational AI agent, OpenClaw, which it internally calls Hatch, The Information reported, citing internal documents. The company is also preparing a new AI model, Watermelon, targeting an October release, the report said. Hatch is trained to access websites including DoorDash, Etsy, Reddit, Yelp and Outlook. Meta is considering tiered pricing, with a premium monthly subscription up to $199.99.
Telecommunications & Media
Fatigue from obsession with the \'best choice\' puts review culture into reverse
Online reviews have become a powerful tool to help consumers decide what to buy, but they are increasingly making choices harder, Business Insider reported on Aug. 2. A Texas consumer said products bought based on reviews did not always satisfy him, leaving him doubting his decisions. Surveys show most Americans read reviews and many younger consumers check multiple platforms. Experts warn too many options and AI-driven summaries can mislead, while fake reviews are rising.
AI & Enterprise
Yelp to buy AI agent startup Hatch for about $300 million
Review platform Yelp said on Jan. 22 it will acquire AI agent startup Hatch for about $300 million, valuing it at about 12 times Hatch\'s $25 million in annual recurring revenue. Yelp will pay $270 million in cash and the remaining $30 million as employee retention incentives in instalments over the next 2 to 3 years. The deal is expected to close next month.
