Just discovered that this LA Times article was actually written by an algorithm programmed by an author. This has to be the first case I've seen of this, but I'm sure it's been going on behind the scenes somewhere. I'll open with this, no robot that I know (of the robots I know, which isn't many), can capture the creativity of reading the words of an actual person.
However, I see opportunities here, in where else but the financial markets!
I've attended SIFMA a number of times and have certainly seen some cool market reading / analyzing technology, but nothing that takes specific data and generates press ready stories from it. There was a vendor that turned data into an actual story (small blocks of text per security), but I forget the company's name (apologies).
I believe that there could be great opportunity in programming these algorithms for:
1. Earnings Releases
2. FED / Employment / Other data in which one can easily program where sentiment is and how the numbers would be most likely react to it ("heavily beat expectations" if +10%, "big miss" in -15%) etc.
3. General Market Movement - The best example here at TheReformedBroker.com "One day in mainstream media headlines" (thanks JB)
4. Easy To Read Market Summaries Catered To Client Holdings / Portfolio Data (but I think it's been done, if not, call me and lets do it)
In short, while I find this story slightly depressing like the replacement of more human jobs over time, the possibilities here are certainly exciting for data related applications. If nothing else I look forward to seeing authors program these things with some help from IT, and hopefully they can use this time to finish their novel that I'm sure we would all enjoy reading more than another earnings release. ;)
What are your thoughts on robot authors replacing real authors?
Do you think robots will be implemented in even more creative realms?
Will the robots take over our society? (jk...I hope)