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Monday, December 11th, 2023

A financial news site uses AI to copy competitors — wholesale

Author:     Max Tani
Source:     Semafor
Publication Date:     Dec 10, 2023 | 7:26pm PST
 Link: A financial news site uses AI to copy competitors — wholesale
Stephan:  

This report, I think is just an early account of an emerging trend that is going to notably transform American media. Newspapers are dying, misinformation has taken over social media, and television channels are owned by a handful of corporations. AI is going to be an irresistible temptation because of the money it will save publications. Getting the actual facts about something is going to become terribly difficult, and the influence of AI-created misinformation is going to come to dominate people’s thinking. America is a very sick country if your calibration is egalitarian democracy.

One of the most highly-trafficked financial news websites in the world is creating AI-generated stories that bear an uncanny resemblance to stories published just hours early by other competitors.

Investing.com, a Tel Aviv-based site owned by Joffre Capital, is a financial news and information hub that provides a mix of markets data and investing tips and trends. But increasingly, the site has been relying on AI to create its stories, which often appear to be thinly-veiled copies of human-written stories written elsewhere.

  • In early November, the blog CryptoNewsLand wrote a short item noting that the token XRP had “witnessed a resurgence in both its price and investor activity” in recent days. Just a few hours later, Investing published a similar article citing nine of the same statistics as those in the CryptoNewsLand story, as well as the same dataset from Santiment. Both articles were four paragraphs.
  • On the same day, longrunning financial news site The Motley Fool published a story comparing Microsoft’s stock performance to Google’s. In its piece, Motley Fool noted that Microsoft seemed poised for growth […]
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