First they came for the journalists and I did not speak out-From The Verge whose parent Vox Media appears to have burned through $300 million in venture capital and recently furloughed 100 of their 1200 employees:
Because I was not a journalist.
Then they came for the ad agency creatives and I did not speak out-
Because I was not an ad agency creative. (see below)
Then they came for the financial analysts and I
said 'hang on one effin minute'.
May 30
Microsoft lays off journalists to replace them with AI
Microsoft News and MSN is increasingly being run by robots
Microsoft is laying off dozens of journalists and editorial workers at its Microsoft News and MSN organizations. The layoffs are part of a bigger push by Microsoft to rely on artificial intelligence to pick news and content that’s presented on MSN.com, inside Microsoft’s Edge browser, and in the company’s various Microsoft News apps. Many of the affected workers are part of Microsoft’s SANE (search, ads, News, Edge) division, and are contracted as human editors to help pick stories.“Like all companies, we evaluate our business on a regular basis,” says a Microsoft spokesperson in a statement. “This can result in increased investment in some places and, from time to time, re-deployment in others. These decisions are not the result of the current pandemic.”While Microsoft says the layoffs aren’t directly related to the ongoing coronavirus pandemic, media businesses across the world have been hit hard by advertising revenues plummeting across TV, newspapers, online, and more.
Business Insider first reported the layoffs on Friday, and says that around 50 jobs are affected in the US. The Microsoft News job losses are also affecting international teams, and The Guardian reports that around 27 are being let go in the UK after Microsoft decided to stop employing humans to curate articles on its homepages....MORE
It was 2014 when we posted "Deep Learning is VC Worthy"
Even earlier "Researcher Dreams Up Machines That Learn Without Humans"
Among dozens and dozens of other posts on related subjects:
...If you’d like to see an example of their stuff, you can head to Forbes, which is using Narrative Science to create automated earnings reports and previews, like this look-ahead at Smucker’s prospects for tomorrow....MORESure, MoneyBeat Says Their Posts Are Not Written by Robots But How Can We Know?
Now we just run that product through the low latency Thompson Reuters machine readable newsfeed, deliver to the SEMLAB algos, apply some news analytics and... hey wait! Somebody could lose their job!
"Reuters gutting web infrastructure for 'Reuters Next,' its big online retooling"
How can I ever trust an ultra-low latency direct feed of machine readable news designed solely for application consumption again?Robo-journalists: Beyond the Quakebot
Automating the Newsroom: The AP's Robot Copy Editor
Washington Post considered using robot sportswriters
New York Fed: The Relationship Between News and Asset Prices Has Been Changing Over Time
Nanoseconds for All? UBS BizDev Says HFT Will Diffuse to Asset Managers (when do mom and pop go low latency?)
Anomaly: Newspaper Content Can Predict Stock Market Returns
McKinsey: Monetizing Freely Available Data (worth $3.2-$5.4Trillion per year)
A Deep Dive Into the Future of RoboAnalysts (will entry level hedgies still command $353K to start?)
And perhaps most alarming of all:
Robot Writing Moves from Journalism to Wall Street
The level of alarm is of course directly related to one's perspective.
Robot Writing Moves from Journalism to Wall Street
The level of alarm is of course directly related to one's perspective.
