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+ - You're all obsolete: Machine-readable news

Submitted by guanxi
guanxi (216397) writes "One of the fastest growing markets for news has no interest in sex, celebrity gossip, or partisan hackery — it's computers. Financial traders looking for an edge no longer want to wait for people to read, analyze, and communicate the latest events; they want the news fed right into their computers so they can process trades immediately. The turnaround time from a "PS3 sales slow" story to dumping the stock is milliseconds. Reuters met this demand with NewsScope Real-Time, which outputs machine-readable news, and reportedly Thomson Financial (which already sells computer-generated news) and Bloomberg offer similar products. Would you trust your money to an unskeptical computer reading the news? Can bloggers compete? Will Jon Stewart have a feed?"

The herd instinct among economists makes sheep look like independent thinkers.

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