New News: AI joins war on fake news

New News

Editor: Draco Copper | Tactical Investor

New News

We discovered that our readers loved the concept of us posting excerpts to other interesting articles. In keeping with that theme, we think you will find the following article to be of interest. We cover a wide array of topics as in today’s world of finance everything is interrelated.  Crowd Psychology states that if you focus on only one topic it’s like looking at the tree only and forgetting that it’s part of the forest.

No one can claim to have mastered the markets fully and anyone that does lay claim to such a title should be avoided like the plague.   For example, after QE all the rules changed and many time-tested indicators simply ceased to work because the operating environment had changed forever. The markets were suddenly hit with a force that they had never been hit with before.  A fed that was determined to destroy any shred of free-market forces left in the market.  This surprised everyone, and it even caught us off guard initially.  Many so-called experts refuse to accept that they made a mistake or could be wrong. Bull Markets Vs Bear Markets & Arrogance

 

New News: AI To Help Combat Fake News

Artificial intelligence is being used to make sure adverts don’t appear next to malicious or fake content on websites.

Last year, a number of big-name companies started to pull their ad spend from tech giants including Google, Facebook, and YouTube after their ads appeared next to inappropriate content on extremist sites.

London-based start-up Factmata is developing new AI software that will weed out fake news and reduce the revenue of malicious websites that produce it.

“We’re a company that is focused on finding misinformation on the web, especially problematic content related to things like fake news, hyper-partisanship (extreme political bias) and hate speech,” the firm’s chief revenue officer Anant Joshi explained. “The AI is trained to learn what the experts think,” says Joshi. “Journalists can sign up to Briefr, and instead of them sharing news articles based on likes, it’s based on the credibility and trustworthiness of that data.”

As the product advances, Joshi sees a future where the product’s offering is used outside of the advertising and media industries. Read more

 

New News: AI The New Fake News Cop

In 2014, the term “fake news” hadn’t yet become part of the American lexicon and the 2016 U.S. presidential race was only beginning to make headlines. But in California, a man named Jestin Coler was hard at work creating one of the most divisive media trends in modern history.

Dubbed the godfather of the fake news industry, Coler’s efforts began with publishing fabricated stories — including an article about Colorado food stamp recipients using welfare benefits to buy marijuana — that garnered enough traffic to generate tens of thousands of dollars a month in ad revenue. The idea quickly caught on. Competing sites sprang up around the world as other publishers raced to create masterpieces of outrageous, conspiratorial, and highly partisan fake news ahead of the U.S. presidential election.

Blatantly false news isn’t the only thing that should concern us. Headlines and stories that frame-accurate information in misleading ways also distort our perceptions. As Kim LaCaria, content manager for Snopes told Quartz: “There’s information and then there’s how it’s presented, and those two aren’t always the same.” Read more

 

Google Launches AI Content Delivery System

It’s just over a year since Alphabet bet the company on artificial intelligence. Since then, the company has rolled out a series of updates with significant artificial intelligence upgrades. This week, Google is launching its new News app powered by artificial intelligence.

Behind the app is a cultural shift at Google to boost more authoritative content. The company announced a new $300 million investment in media literacy to promote quality content online through MediaWise and a host of tools to support journalists on Google’s revamped news recommendation platform.

Google News launches its artificial intelligence content delivery system in a world jaded and jostled by fake news. A recent MIT study showed that fake news is 70% more likely to be tweeted. In the recent Edelman Trust Barometer survey, 59% of people said they were uncertain if any given story were ‘true’ or not. “Access too reliable, quality information should be a right of anybody, wherever they live,” says Alison Gow, digital editor in chief at Trinity Mirror, in a video released by Google on its news initiative.

According to Google News product chief Trystan Upstill, the news app “uses the best of artificial intelligence to find the best of human intelligence — the great reporting done by journalists around the globe.” Of course, some journalism these days is automated already. For example, the Associated Press uses Wordsmith AI to publish thousands of financial articles based on earnings information. Read more

Fake News and AI

Want to make yourself sound like Obama? In the past, that might have required physically imitating his voice, party-trick style. And even if you were very good at it, it almost certainly wouldn’t present a danger to our democracy. But technology has changed that. You can now easily and accurately make anyone say anything through AI. Just use the service of an online program to record a sentence and listen to what you said in a famous person’s voice.

Programs like this are often called deep fakes – AI systems that adapt audio, pictures and videos to make people say and do things they never did.

These technologies could launch a new era of fake news and online misinformation. In 2017, Hany Farid, a computer scientist at Dartmouth College, US, who detects fake videos said the rapid proliferation of new manipulation techniques has led to an ‘arms race’. Just imagine what elections will be like when we’re no longer able to trust video and audio. But some researchers are now fighting back and showing that AI can also be used for good.

‘AI has many ethical problems,’ said Francesco Nucci, applications research director at the Engineering Group, based in Italy. ‘But sometimes it can also be the solution. You can use AI in unethical ways to for example make and spread fake news, but you can also use it to do good, for example, to combat misinformation.’ Full Story

New News: How AI Can Be Used To Combat Fake News

When it comes to handling fake news, none have put a braver face than Facebook. With trillions of user posts, Facebook realized that manual fact-checking wouldn’t do any good to solve the fake news problem. Facebook turned to artificial intelligence to arrest this problem. Artificial intelligence is being leveraged to find words or even patterns of words that can throw light on fake news stories.

Artificial intelligence is now looked upon as the cornerstone to separate the good from bad in the news field. That is because artificial intelligence makes it easy to learn behaviours, possible through pattern recognition. Harnessing artificial intelligence’s power, fake news can be identified by taking a cue from articles that were flagged as inaccurate by people in the past.

As the volume of data grows bigger by the day, so is the chance of handling misinformation as it challenges the human ability to uncover the truth. Artificial intelligence has turned into a beacon of hope for to assure data veracity, and more importantly, identify fake news.  Full Story

Other Articles of Interest

2018

Stock Market Insanity Trend is Gathering Momentum   (Jan 10)

Is value investing Dead   (Jan 9)

Irrational markets and Foolish Investor: perfect recipe for disaster   (Jan 5)

Stock market Crash Myths and Realities  (Jan 3)

Bull-Bear Markets & Arrogance   (Jan 1)

2017

Will The Stock Market Crash In 2018  (Dec 11)

Has US Dollar Finally Hit Bottom    (Dec 6)

BitCoin Has Done What Precious Metals Never Could  (Dec 4)

Experts Making Stock Market Crash Forecasts usually know nothing  (Nov 17)

1987 stock market crash anniversary discussions- nothing but rubbish ( Oct 24)

Dow 22K Predicted In July 2017; Next Target Dow 30k? (Oct 15)

Anxiety and Greed Index Don’t Support Stock Market Crash  (Oct 14)

Fed States Inflation is not an issue?  (Oct 13)

Is Bitcoin a Bubble or Good Investment?  (Oct 9)

Stock market crash; best time to buy stocks   (Oct 6)