The Associated Press says it will use algorithm-generated content from Automated Insights to produce earnings reports, which has some professional journalists nervous about robots taking their jobs — but in reality such drudgery is better off being done by algorithms than by human beings
Narrative Science, a startup that turns complex text documents into reports or articles that are supposed to resemble something written by a human being, has raised an $11.5 million series C funding round. News organizations have already used the company’s software to turn sports stats or corporate earnings statements into articles, but it has potential anywhere someone is trying to analyze loads of text documents. CIA-backed venture capital firm In-Q-Tel invested in Narrative Science in June.
While visualizations have gotten plenty of attention as options for getting good stuff out of data, In-Q-Tel’s investment in Narrative Science suggests information in paragraphs could work too.
The Chicago Tribune has laid off most of its hyper-local unit and hired what some describe as a “content farm,” while other outlets are using content that is generated by algorithms. Is this the future of news, and if so should we be happy about it?