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Media

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

guanxi 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?

If you can't understand it, it is intuitively obvious.

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