AI joins war on fake news

AI joins war on fake news

Editor: Draco Copper | Tactical Investor

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

 

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

 

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

 

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

 

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)