Neerav Parekh, CEO, vPhrase, offers an extremely lucid, informed look in this piece at how the finance industry is bringing AI-generated writing on board.
Parekh says increasing numbers of finance industry firms are using AI writing – also known as natural language generation (NLG) – to auto-write reports for CIOs, data analysts, portfolio managers, compliance teams and the like.
Plus, he stresses that transitioning to AI-generated writing can benefit financial services players by:
~Improving the quality of reporting
~Saving cost and time
~Generating personalized and engaging analysis
~Enabling data standardization
Observes Parekh: “NLG interprets structured data and turns it into written or spoken language, just the way a human would.
“It can study the input data and generate summaries and insights out of it in the form of narratives, explanations and suggestions.
“It enables data storytelling in plain language, that makes the data penetrable for everyone in the organization.”
In other AI-generated writing news:
*Look Ma: AI Writing With No Coding: Yseop has released a new tool that enables finance pros to create auto-generated reports without writing any computer code.
Dubbed “Augmented Financial Analyst,” the AI-generated writing tool also mimics a user’s writing style.
According to Yseop’s press release, “With Yseop’s revolutionary and patented ‘intentions’ model that mimics financial analysts’ thinking, business users with no coding skills can accurately produce complex financial reports faster.
“AFA integrates data exploration and alerts to highlight key variations and values, allowing business users to quickly identify and examine specific events while providing valuable contextual elements.”
*Sweet Nothings, Courtesy of AI: Lovers looking to express their most tender feelings without the fuss-and-muss of actually writing it down can now turn to Valentinesday.ai.
It’s a new bot on the Web that will render sweet nothings to your partner with just a few keypunches on your computer or smartphone.
Observes Tony Winterburn, a writer for Euro Weekly News: “All you need to do is head to Valentinesday.ai, where it will ask you to enter your email ID.
“Once done, it’ll ask you a few attributes of your partner — their smile, the way they treat you, etc.
“Once you’ve entered this, it will take a few seconds and voila, it will shower you with a bunch of options.”
*World Forum on AI in Journalism Launches in March: An Arab-based think tank will establish the Artificial Intelligence Journalism World Forum (AIJWF) in March.
“The first annual meeting of the AIJWF, to be held in Dubai, will include over 200 participants, academics and media experts who specialize in AI journalism and 7G journalism technologies,” says Mohammed Ali Shouman, president, the Global Artificial Intelligence Journalism Forum (GAIJF).
“Academics will represent universities and research centers from the United States and Europe, as well as regional universities from the UAE, Saudi Arabia, Egypt, Iraq, Kuwait and Bahrain,” Shouman says.
Mohamed Abdulzaher, CEO, GAIJF, adds that the think tank plans to explore the era of artificial intelligence journalism and 7G journalism by presenting examples of AI’s use in a number of journalistic applications, including:
~Editing and writing processes
~Data analysis
~Detection of fake news
~3D printing
~Big Data analysis
~Data journalism
*Penn State: It’s Now Tougher to Discern AI Writing from Human Writing: A new study from Pennsylvania State University has found that discerning human writing from AI-generated writing is getting tougher.
Researchers studied output from eight automated text generators — CTRL, GPT, GPT2, GROVER, XLM, XLNET, PPLM and FAIR – and found that some generators were capable of extremely human-like authoring.
Specifically, automated text produced by GROVER, GPT2 and FAIR often seemed indistinguishable from human-generated text, according to the researchers.
“As more language models (AI text generators) are made, including the more sophisticated ones like GPT3 that is passing everyone’s expectations, it’s going to be harder to figure out if a machine generated an article,” says Adaku Uchendu, a doctoral student of information sciences and technology at Penn State.
“So, we have to improve our detection models even further,” Uchendu adds.
*Next Up: ‘Badging’ for AI-Generated Articles?: As AI-generated writing proliferates, it will be incumbent on news outlets to draw clear distinctions between articles written by machines – and articles written by humans — according to think tank Data & Society.
“Public trust in journalism will require clear disclosure when newsrooms use text-generating AI tools,” observe Janet Haven and Sam Hinds, two executives at Data & Society.
The think tank is an independent nonprofit research organization specializing in the social implications of data-centric technologies and automation.
“Newsroom leadership will particularly need to rapidly learn how AI is integrated with human creativity, labor, and existing norms,” Haven and Hinds add.
*Perspective: AI Will Never Write Great Fiction: Despite widespread anxiety over the rise of AI-generated writing, robots will never write competitive fiction, according to Angus Fletcher.
Fletcher is professor of story science at Ohio State University.
Says Fletcher: “You’ve been hoaxed.
“Computers can’t grasp the most lucid haiku. Nor can they pen the clumsiest fairytale.
“Computers cannot read or write literature at all. And they never, never will.
“I can prove it to you.”
*AI-Generated Writing’s Impact on Ecommerce, Finance, Pharmaceuticals and Social Media: Robert Weibgraeber, chief technology officer at AI-generated writing pioneer AX Semantics, offers an eye-opening look at AI’s writing use in four industries with this piece.
Says Weibgraeber: “Online news sources and many within the business sphere frequently tout the merits of AI.
“But the reality is many people do not comprehend the many use cases of AI.
“While there is plenty of talk about future AI applications that are still years off — or misconceptions based on science fiction — AI is already currently in use now for many common sense and practical business needs.”
*Buckle-Up for Change: AI Meets PR: Pros in public relations should prepare for a major make-over of their industry, courtesy AI, according to Aaron Kwittken, CEO Prophet.
Kwittken’s company offers a tool that enables PR practitioners to sample past news stories as a way to better predict stories that will pique the interest of editors and reporters in the future.
Says Kwittken: “AI and machine learning have the prospect of shaping media relations as never before.”
*South African Advertising Agency Brings in AI-Generated Writing Tool: South Africa-based ad agency Duke has added AI-generated writing from Copysmith to its communications toolbox.
Says Suhana Gordhan, ECD, Duke: “The initial reaction to this could easily be fear and dread. Is AI about to take away our jobs?
“But the more you get into it, the more you realize that this tool is made more powerful by the human who helps teach it.
“And I love that. It’s not about fear, but rather meeting the future and making fast friends with it.
“Copysmith is a powerful tool that we believe will boost our capacity and help us to create faster.
“Our creative and strategic teams are able to generate a multitude of ideas and explore creative territory really quickly,” (with Copysmith).
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–Joe Dysart is editor of RobotWritersAI.com and a tech journalist with 20+ years experience. His work has appeared in 150+ publications, including The New York Times and the Financial Times of London.