Charlotte Tobitt of Press Gazette reported from the Society of Editors Future of News Conference about what Reuters editor in chief Alessandra Galloni said about its use of artificial intelligence.
Tobitt writes, “Galloni noted that her parent company Thomson Reuters is spending $200m a year on building AI tools.
“She said: “You have to see where we sit in the ecosystem. A lot of what we do is we give news to financial audiences and a lot of that news is press releases on results or on central bank communiques or anything that companies release.
“We have long been using automation to help us provide headlines from these press releases. And now, for a couple of years, we’ve been using a new AI tool that we call Fact [Genie], which helps us extract news from those press releases and make headlines out of it and now make some of the first urgents, we call them, out of that news.’
“‘Urgents’ at Reuters are up to three paragraphs that contain the story’s initial news line stating, for example, that profit was up or down.
“Galloni added: ‘But we do not send it out until a human is looking at that and making sure that it’s correct.'”
Read more here.
