Yahoo Is Still Here—and It Has Big Plans for AI

In September 2021, Jim Lanzone took over a company whose name once embodied the go-go spirit of the internet but had, over the years, become a joke: Yahoo. He accepted the CEO post from the new private-equity owner Apollo Global Management, which had bought the property from Verizon, the most recent and possibly most clueless caretaker (high bar alert) in a long series of management shifts. Visiting him at the company’s offices in New York City, I ask him why he took the job. “I love turnarounds,” he says. This is an essay from the latest edition of Steven Levy's Plaintext newsletter. SIGN UP for Plaintext to read the whole thing, and tap Steven's unique insights and unmatched contacts for the long view on tech. Lanzone’s résumé confirms that. In 2001 he took over a sagging search property called AskJeeves—its share price was less than a dollar, down from a high of $196—and built it back to the point where Barry Diller’s IAC Corp bought it for $1.85 billion. At CBS Interactive and th ... Read full article.