Wednesday, April 9, 2008

Robots write the news

Financial journalists probably felt queasy this morning reading an item on the front page of the Financial Times that pointed to a bleak future, well extinction no less.

The computers work so fast that an earnings story can be released within 0.3 seconds of the company making results public.

Thomson Financial, which has been using computers to write stories since March, is so pleased at the results that it wants more of the same.

As someone who has had to write more than a few trading updates for Guardian Unlimited, where speed is at a premium, this made for depressing reading to say the least. The fastest journalist would have barely read the often indigestible earnings report in 0.3 seconds, let alone started writing the story.

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