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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

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  • (Score: 1) by khallow on Thursday December 14 2023, @12:04AM

    by khallow (3766) Subscriber Badge on Thursday December 14 2023, @12:04AM (#1336424) Journal

    I don't know of a good financial vehicle to make a profit off knowing an entire industry sector is fraudulent.

    Periodically buy small amounts of puts that are well above water and more than a year out in the stocks in question. If you're right, it'll pay out at some point and justify all the puts that didn't make it. Or you could short the stock and post on decision maker sites like SN to persuade the masses to make you rich!