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A Financial News Site Uses AI to Copy Competitors — Wholesale

posted by hubie on Wednesday December 13 2023, @08:49AM   Printer-friendly
from the making-good-content-mediocre dept.

fliptop writes:

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 earlier 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.

[...] Pere Monguió, the head of content at FXStreet, told Semafor in an email that he and his team noticed several months ago that Investing was publishing stories similar to their site's articles. FXStreet's 60-person team monitors and quickly analyzes developments in global currencies. By pumping out AI articles, Investing was eroding FXStreet's edge, Monguió said.

"Using AI to rewrite exclusive content from competitors is a threat to journalism and original content creation," he said.

[...] "This isn't truly a new thing," Lawrence Greenberg, senior vice president and chief legal officer at The Motley Fool, said in an email. "We have seen, and acted against, people plagiarizing our content from time to time, and if you're right about what's going on, AI has achieved a level of human intelligence that copies good content and makes it mediocre."

See also: Sports Illustrated Published Articles by Fake, AI-Generated Writers

Original Submission

 
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  • (Score: 1, Informative) by Anonymous Coward on Wednesday December 13 2023, @01:04PM (1 child)

    by Anonymous Coward on Wednesday December 13 2023, @01:04PM (#1336336)

    > ... the 409 scam.

    I think you meant the 419 scam?
    https://en.wikipedia.org/wiki/Advance-fee_scam [wikipedia.org]

    The Federal Bureau of Investigation (FBI) states that "An advance fee scheme occurs when the victim pays money to someone in anticipation of receiving something of greater value - such as a loan, contract, investment, or gift - and then receives little or nothing in return."[3] There are many variations of this type of scam, including the Nigerian prince scam, also known as a 419 scam. The number "419" refers to the section of the Nigerian Criminal Code dealing with fraud and the charges and penalties for such offenders.[5] The scam has been used with fax and traditional mail and is now prevalent in online communications like emails.[6]

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  • (Score: 5, Touché) by theluggage on Wednesday December 13 2023, @02:04PM

    by theluggage (1797) on Wednesday December 13 2023, @02:04PM (#1336344)

    I think you meant the 419 scam?

    Shush - you're spoiling the clever trap I set to catch any AI that dares to recycle my post!