FT Alphaville: Making fun of corporate brands embarrassing themselves online is like shooting fish in a barrel. It's not hard, but washing off the resulting splatter of blood, scales, innards and half-digested crab is, so no one wins. Honestly though, what the hell Franklin? Really? OK maybe Alphaville should tread carefully here, given some readers see our ~cough~ somewhat different approach to news and commentary as at odds with mainFT's brand. But like Meb Faber we prefer our trillion-dollar asset management groups to be boring. Stick to solid, sober and purportedly smart investing. Don't tweet that 60/40 retirement portfolios should include "assets" where it gleefully says "speculation is a feature, not a bug."

Especially when said asset manager was famously named after Benjamin Franklin, because according to founder Rupert Johnson he "epitomised the ideas of frugality and prudence when it came to saving and investing." We get that Franklin needs to revamp itself. Despite a spate of aggressive M&A swelling its assets to $1.4tn, its share price has sagged over the past decade, giving it a current market cap of $13.6bn. That's less than AppLovin, Domino's Pizza and the world's biggest producer of frozen potato chips. It's only barely enough for inclusion into the S&P 500. Beyond the obvious and well-documented challenges of being a very traditional active asset manager in a world that mostly loves alternatives and passive funds, Franklin also has a rep for being a bit old-fashioned. Promoting crypto therefore probably seems like an obvious, fellow-kids way to seem more cool and edgy.

CNN reports that newspaper chain Gannett "has paused the use of an AI tool to write high school sports dispatches after the technology made several major flubs in articles in at least one of its papers." In one notable example, preserved by the Internet Archive's Wayback Machine, the story began: "The Worthington Christian [[WINNING_TEAM_MASCOT]] defeated the Westerville North [[LOSING_TEAM_MASCOT]] 2-1 in an Ohio boys soccer game on Saturday...." The reports were mocked on social media for being repetitive, lacking key details, using odd language and generally sounding like they'd been written by a computer with no actual knowledge of sports.

CNN identified several other local Gannett outlets, including the Louisville Courrier Journal, AZ Central, Florida Today and the Milwaukee Journal Sentinel, that have all published similar stories written by LedeAI in recent weeks. Many of the reports feature identical language, describing "high school football action," noting when one team "took victory away from" another and describing "cruise-control" wins. In many cases, the stories also repeated the date of the games being covered multiple times in just a few paragraphs.

Gannett has paused its experiment with LedeAI in all of its local markets that had been using the service, according to the company. The pause was earlier reported by Axios... The AI tool debacle comes after Gannett axed hundreds of jobs in December when it laid off 6% of its news division.
From Axios's report: One such Dispatch article from Aug. 18 was blasted on social media for its robotic style, lack of player names and use of awkward phrases like "close encounter of the athletic kind." "I feel like I was there!" The Athletic senior columnist Jon Greenberg posted sarcastically.
More from the Washington Post: Another story about a game between the Wyoming Cowboys and Ross Rams described a scoreboard that "was in hibernation in the fourth quarter." When Ayersville High School staged a late comeback in another game, a write-up of their win read: "The Pilots avoided the brakes and shifted into victory gear...."

In a statement, Gannett called the deployment of Lede AI an "experiment" in automation to aid its journalists and add content for readers... LedeAI CEO Jay Allred said in a statement to The Post that he believes automation is part of the future of local newsrooms and that LedeAI allows reporters and editors to focus on "journalism that drives impact in the communities they serve."

This year's Kentucky Derby was won by a 15-to-1 longshot named Mage, reports sports magazine the Athletic. It was only the horse's third race — but the story gets even stranger: Mage is owned by a collective of horse racing fans that doesn't follow your standard ownership structure. Fans can purchase shares of a horse for as little as $50. It's a publicly owned racehorse. Mage has 391 owners on the Commonwealth app. Many were at the 2023 Kentucky Derby wearing Mage hats and they were shown on NBC's lead up to the Kentucky Derby.
The Commonwealth app even tried to arrange watch parties for the horse race across the country. Shareholders own 25% of the racehorse, reports Sporting News: Although horses are the most common commodity, there are golfers on the app as well, specifically Joey Vrzich and Cooper Dossey, whom it says are "coming Spring 2023." Commonwealth has a partnership with WinStar Farm, a premiere breeder of thoroughbreds... "Together we are going to revolutionize the ownership experience and give the world access to horses that were once unavailable to the public," Brian Doxtator, CEO of Commonwealth said, per the collective's website.

According to Action Network's Darren Rovell, Commonwealth owners will be paid out $94.52 per share (prior to taxes) for the win.
Before the race the Athletic sports magazine asked seven experts for their picks — and only one of them had even mentioned Mage. (The Athletic's senior sports betting editor correctly picked Mage and "Angel of Empire" to finish somewhere in the top three positions.) But just for fun, the Athletic also asked three AI chatbots — and none of them picked the winner: Bing AI: That's a tough question. I don't have a personal preference, but based on the odds and the past performances, I think Forte has a good chance of winning. He has been very consistent and impressive in his races, and he has a top trainer and jockey. He also has a favorable post position at No. 14, which gives him some room to maneuver and avoid traffic. But as I said, anything can happen in the Kentucky Derby, and there are many other talented horses in the field. It will be an exciting race to watch.


Google Bard: I like the chances of Tapit Trice to win the 2023 Kentucky Derby. He is the second-lowest odds horse at 5-1, and has won twice and finished second twice in six career races. He has one of the best pedigrees a horse could ask for, being sired by Justify, the 2018 Triple Crown winner. He is also coming off an impressive showing in the 2023 Blue Grass Stakes, where he finished second just barely behind Verifying.

Here are some other horses that I like to finish in the money... The Kentucky Derby is always a tough race to predict, but I think these horses have a good chance of winning or finishing in the money. [Bard then listed five more of the 18 horses — one of which ultimately finished third.]


Chat GPT: As an artificial intelligence language model, I don't have personal opinions or preferences. However, based on the current information I have, I cannot accurately predict the winner of the Kentucky Derby. Horse racing involves many variables, including the skill of the jockey, the health and performance of the horse, and even the weather conditions on race day. The outcome of any given race is always uncertain and subject to chance. It's important to note that gambling can be risky, and I don't encourage it.

Subscribers to "NFL Sunday Ticket" can watch broadcasts of every Sunday game of American football. But for access next season, "fans will have to Google it..." warns the Associated Press — because Thursday the football league announced plans to distribute their game package on YouTube TV and YouTube Primetime Channels.

Google beat out both Apple and Amazon by offering over $2 billion a year for 7 years — but Yahoo Finance believes it's more about drawing attention to YouTube's streaming TV services. "Don't expect the package to be profitable, one analyst warned." "They're not making money on this — this is a loss leader," Michael Pachter, managing director of equity research at Wedbush, told Yahoo Finance Live, referencing YouTube TV's current price point of $64.99. "I don't think they make a penny at that level...."

"It's an extremely expensive package of content," Tim Nollen, analyst at Macquarie Group, previously told Yahoo Finance Live, noting the Sunday Ticket package was not a profitable service for DirecTV [which since 1994 has held the exclusive broadcast rights in the U.S.]

[...] YouTube TV has more than 5 million subscribers and trial users as of July. "Five million subscribers is just not enough," Pachter stressed. "Even if all 5 million pay the $400 bucks a year...they're going to barely cover their costs." Still, despite the lack of profitability and sky-high price tag, Pachter noted YouTube might be best positioned to take advantage of the package, especially as the demand for live sports escalates. "I think they can be smart about how they carve up the content," Pachter said, suggesting the platform could more easily sell games to bars and restaurants.

A week ago you had the chance to ask Fark Founder Drew Curtis about wasting hours at work reading stories about Florida, and his Kentucky gubernatorial campaign. We'll be checking back with Drew as the race proceeds, but for now you can read his answers to your questions below.

A couple of weeks ago you had the chance to ask Khan Academy lead developer Ben Kamens about the future of online education and the academy itself. Below you'll find his answers to the questions we sent and a few extra that he found interesting.

nmpost writes "Net neutrality is one of the biggest issues with regard to the internet today. At the heart of the issues is how much control ISPs will be allowed to have over their networks. Each candidate has come out with a strong position on the matter, and whoever wins will have a drastic effect on the future of the internet. Barack Obama has been a proponent of net neutrality. Under his watch, the FCC has implemented net neutrality rules. These restrictions did not apply to wireless networks, though; a gaping loophole that will be problematic in the future, as mobile internet is exploding in popularity. Until it is addressed, Obama can only be given a barely passing grade with regard to net neutrality. Republican Presidential candidate Mitt Romney has come down on the other side of the issue. The former Massachusetts governor strongly opposes net neutrality. According to Politico, Romney believes net neutrality will restrict ISPs, and that they alone should govern their networks. The governor has stated that he wants as little regulation of the internet as possible."

GMGruman writes "Android smartphones have overpowered the iPhone in market share, yet Android tablets barely register in sales versus the iPad. Android tablets are as competitive in most respects against the iPad as Android smartphones are against the iPhone. So why the difference in success? Galen Gruman examines five theories for the gap, and concludes the reason is that Android tablets' real competitor is in fact not the iPad."

It's that time of year again. Last year's response to our Game of the Year post was so enthusiastic that I thought it would be worthwhile to give it another go. So, once again, some of the Slashdot folks have come together to offer up our 'games of the year'. Scuttlemonkey, Scott Collins, Chris Brown, CmdrTaco, and myself have all put together quick blurbs about the games we couldn't get enough of this year. When you're through reading those, it's your turn to speak up. What was the game you couldn't put down? The next-gen consoles really came into their own this year; was it one of those games, or something for the PC? In your opinion, what was the best game of the year?

That the Internet is a big, scary place is hardly worth mentioning. For every respectable site, there are three or four seedy places that you wouldn't want to be seen surfing by relatives. While LiveJournal has a reputation as an angst-fest, there are many individuals using the power of self-publishing to impressive ends. Every once in a while, one of those self-publishers even moves beyond the confines of the electronic medium to the world of dead-tree publishing. Movies in Fifteen Minutes (M15M) is just such a project, born on the Internet to high acclaim, with the core idea transferred extremely successfully to a traditional book format. Read on for my impressions of the only book on the market today to feature a hilarious version of Braveheart's evisceration scene. Good times.

He starts by clearing up my error in saying he was a Unix co-creator in the original Call For Questions. From there he goes on to answer your questions both completely and lucidly. A refreshing change from the politicians and executives we've talked to so much recently, no doubt about it.

plasmaj pointed us to this nugget: "Martin Garbus, the lawyer for the EFF in the DeCSS case, will deliver a lecture at Columbia University on Dec. 12 [ed. note: we held this submission until the Webcast was online] entitled The New Digital World: Hackers, Napster, Free Speech, and Piracy: How it Will Change the Entire Communications World Including Entertainment and Education." Garbus is an excellent speaker, discussing DeCSS, SDMI, and a host of other issues familiar to Slashdot readers. Plus, below are Mr. Garbus' responses to our long-ago interview.

Most of the questions we got for crypto guru Bruce Schneier earlier this week were pretty deep, and so are his answers. But even if you're not a crypto expert, you'll find them easy to understand, and many of Bruce's thoughts (especially on privacy and the increasing lack thereof) make interesting reading even for those of you who have no interest in crypto because you believe you have "nothing to hide." This is a *long and strong* Q&A session. Click Below to read it all.