The Associated Press announced in an advisory to customers Monday that the majority of U.S. corporate earnings stories for its business news report will eventually be produced using automation technology.
Lou Ferrara, a vice president and managing editor of AP, wrote:
For many years, we have been spending a lot of time crunching numbers and rewriting information from companies to publish approximately 300 earnings reports each quarter. We discovered that automation technology, from a company called Automated Insights, paired with data from Zacks Investment Research, would allow us to automate short stories – 150 to 300 words — about the earnings of companies in roughly the same time that it took our reporters.
And instead of providing 300 stories manually, we can provide up to 4,400 automatically for companies throughout the United States each quarter.
We believe technological automation will be a part of many businesses, including those in media. As part of its business relationship with Automated Insights, AP participated in the company’s latest round of investment financing with other strategic partners.
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