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A financial news site uses AI to copy competitors — wholesale | Semafor

Dec 16, 2023 - semafor.com
Investing.com has been accused of using AI to rewrite exclusive content from competitors, potentially threatening journalism and original content creation. Pere Monguió, the head of content at FXStreet, a main competitor, said that his team noticed several months ago that Investing.com was publishing stories similar to their site’s articles, eroding their competitive edge.

While some competitors expressed concern, others were less worried, stating that the quality of the AI-generated articles was still inferior. Lawrence Greenberg, senior vice president and chief legal officer at The Motley Fool, noted that this isn't a new issue, as they have previously acted against people plagiarizing their content, and suggested that AI has merely achieved a level of human intelligence that copies good content and makes it mediocre.

Key takeaways:

  • Pere Monguió, the head of content at FXStreet, has accused Investing.com of using AI to rewrite exclusive content from competitors, which he sees as a threat to journalism and original content creation.
  • Monguió and his team noticed several months ago that Investing.com was publishing stories similar to their site’s articles, which he believes is eroding FXStreet’s competitive edge.
  • Other competitors, such as The Motley Fool, are less concerned about the situation, stating that the quality of Investing.com's AI-generated articles is still inferior to human-written content.
  • Lawrence Greenberg, senior vice president and chief legal officer at The Motley Fool, sees this as not a new issue, as they have previously acted against people plagiarizing their content.
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