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The Latest Market Craze: Stock Trading Robots Reacting To Stories Written By... Robots
It appears that while we were busy over the past month spreading the Greek pre- and post-bankruptcy balance sheet, and otherwise torturing Excel (something we urge other financial journalists to try once in a while - go ahead, it doesn't bite. In fact, it is almost as friendly as your favorite Powerpoint) our peer at such reputable financial publications as Forbes, and many others, were laying of carbon-based reporters and replacing them with... robots. As Mediabistro reports, "Forbes has joined a group of 30 publishers using Narrative Science software to write computer-generated stories. Here’s more about the program, used in one corner of Forbes‘ website: "“Narrative Science has developed a technology solution that creates rich narrative content from data. Narratives are seamlessly created from structured data sources and can be fully customized to fit a customer’s voice, style and tone. Stories are created in multiple formats, including long form stories, headlines, Tweets and industry reports with graphical visualizations.”" In other words, with well over 70% of stock trading now done by robots, we have gotten to a point where robots write headlines and stories read, reacted to and traded by robots. Surely, what can possibly go wrong. And here we were this morning, wondering why the market is not only broken but plain dumb.
Forbes is not alone:
The New York Times revealed last year that trade publisher Hanley Wood and sports journalism site The Big Ten Network also use the tool. In all, 30 clients use the software–but Narrative Science did not disclose the complete client list.
What do you think? The Narrative Science technology could potentially impact many corners of the writing trade. The company has a long list of stories they can computerize: sports stories, financial reports, real estate analyses, local community content, polling & elections, advertising campaign summaries sales & operations reports and market research.
And here is a sample of robot generated "literature"
While company shares have dropped 17.2% over the last three months to close at $13.72 on February 15, 2012, Barnes & Noble (BKS) is hoping it can break the slide with solid third quarter results when it releases its earnings on Tuesday, February 21, 2012.
What to Expect: The Wall Street consensus is $1.01 per share, up 1% from a year ago when Barnes & Noble reported earnings of $1 per share.
The consensus estimate is down from three months ago when it was $1.42, but is unchanged over the past month. Analysts are projecting a loss of $1.09 per share for the fiscal year.
Condolences to all financial journalists. If you thought your meager salary was crap, you are about to be replaced by a costless algorithm. The market you wrote about no longer needs you. But at least we will now have computers telling us all about how (seasonally adjusted) trends in financial journalism employment are improving.
Probably what is even sadder is that nobody noticed as more and more robots have taken over for humans.
In other news, this development naturally, this adds a layer of variability in market dynamics which make some completely unpredictable feedback loop imminent: because if a robot is reacting to a headline written by itself (and it is only a matter of time before Narrative Science is acquired by GETCO or some other HFT behemoth in the latest market manipulation scheme) the epic collapse possibilities are simply stupefying.
010000010110110001101100001000000101100101101111011101010111001000100000010011010110111101101110
011001010111100100100000010000010111001001100101001000000100001001100101011011000110111101101110
011001110010000001010100011011110010000001000111011011110110110001100100011011010110000101101110
0010000001010011011000010110001101101011
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Oops I apologize, actually binary for go fuck yourself is
0001100101100101.LOL. All in good fun of course.
in law frequently responsibility and liability
result from being capable of knowing, intent is
significant. robots and algorithms are not
capable or culpable of "knowingly" anything.
so there, whatever unjust outcomes arise,
whatever fraud or stealing identified that
takes place is done beyond the reach of the law,
again. the system of corruption outrunning any
meaningful limits, stops or regulation.
The ultimate "fall 'guy'!" No more fucking around getting trash like Judith Miller to lie us all into wars, we can now just blame "robots," knowing that, when push comes to shove, it'll be much easier to erase all tracks leading to this "source."
"The People's Voice"...
so we have the inpenetrability of corporate personhood,
proprietary code and machines making intent impossible
to assign to anyone or thing. criminality is now a
thing of the past in this context? a hoot of a hell realm!
the operation of which is systemically essential.
i hope the students of artificial intelligence are
also exploring artificial ethics and artificial justice
issues.
some strange reason i thought of kurt cobain there?
.
Nirvana - The Man Who Sold The World
http://www.youtube.com/watch?v=fregObNcHC8
Robots Gone Wild
"RGW" could be the latest viral...
Ask, and ye SHALL receive! :>D
We used to use an HR package called Success Factors that had a "writer assistant" (read robot) to "help" you review your employee. Idiocracy looks like a best case scenario at this point.
you don't understand
robots have rights, too
you are very close to hate speech, here
you have been warned
.
$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
http://www.youtube.com/watch?v=QqKOeOwl-iQ&feature=related
..didn't the U.S. Supreme Court Dipshits rule;
''Exxon Mobile Company Robot is your equal''
under the Constitution?
...at least as a human/robot - voter/lobby
Foundation for robot rule
AKA
The New World Order?
...or is that too much of a quantum leap?
...deeper than the shallow heart and thick head of the Court? http://www.biblegateway.com/passage/?search=Revelation%2013:%2015-17&version=KJV
bingo!
corporations = fuking robots, BiCheZ!
"Robots are people!"
err "People are robots?", "I am so confused"
Mitt Romney 2012.
..
http://www.youtube.com/watch?v=s8TRm4OWhvo
Wonder what kind of robot twists like this>>> http://www.gizmodo.com.au/2012/02/i-have-never-seen-anything-like-these-tornadoes-on-the-surface-of-the-sun/
Those solar plasma storms look incredible, mostly because they are so staggeringly TALL. Cyclonic storms on Earth are giant rotating vapor pancakes.
http://www.youtube.com/watch?feature=player_detailpage&v=S5725Etc4bI
http://bible.cc/revelation/19-17.htm
...there certainly is an Element of surprise to seeing Sun spots/fractal vortex torus stargates to the black hole? lol, http://www.youtube.com/watch?v=1sTvGOfgSg0 ...and whirlwinds risen and dancing on the surface?
...flashback http://www.youtube.com/watch?v=wFIc12wjnWs
...Freaky>>> http://www.erh.noaa.gov/lwx/Historic_Events/924tornadofiles/September%2024,%202001%20Tornadoes.htm
Disclaimer: My thoughts & views are just a theory.
Been thinking about this for the last several weeks. My hypothesis, Google & Wall Street are tied together in managing HFT.
The Theory: Imagine everyone typing a specific word into Google at a predetermined set time. Would that word reflect changes in the Market or would that word offset the media rumor?
The basis of this theory would determine if the markets are rigged thru Media rumor releases via Google News algorithms. Stopping fraud and fleecing is the intent of this particular theory. What are your thoughts?
"Imaginative Cells - A Metaphor for Consensual Reality
The best analogy I've ever heard to describe change is that of a larva becoming an insect. As the caterpillar approaches the time of metamorphosis, certain cells within the caterpillar's body begin to develop - biologists call these imaginal cells. These cells begin the process of building the various parts of the new organisms of the butterfly. The new parts expand and emerge, and the tissue in between disintegrates, and in a very smooth and non-disruptive way, the caterpillar becomes a butterfly.
The metamorphosis process of the caterpillar into a butterfly has a very interesting stage. In its chrysalis stage the ‘imaginary cells’ of the butterfly template are already present. But the chrysalis, thinking that the imaginary cells are foreign tries to destroy the cells. However, because these cells are what the chrysalis must become, the process is not sabotaged. The power within those imaginary cells once created become ‘blue print cells’ (consensual reality) of another way to live life."
.
Thinking in Future Tense
Berrnajean Porter aka Bernajena Pinazzo (SL) - Futurist, Storyteller, and most recently Second Life Coach
http://asbunplugged2010.flatclassroomproject.org/Thinking+in+Future+Tense
That's pretty bloody deep to comprehend at this hour. Saved link and will read later. My thoughts are fuzzy logic technologies tweaked to a user’s IP address.
the aim will probably be, become, to direct behaviour
of the user most efficiently for the entity sponsoring
the infrastructure as it is available to the user. so behaviour
is monitored and then tweeked just so appropriately as has been
discovered from thorough analysis of users past behaviours and
interactions. the future of marketing and consumptions
same as the past only slicker. the user thinks they are
being served, informed, but they are being served, deformed.
think they are being entertained but are being contained by a
system that they do not even suspect exists.
.
http://www.presstv.ir/detail/227243.html?utm_source=dlvr.it&utm_medium=t...
Google turns iPhones into spy phones
Google has been spying on millions of iPhone users around the world, according to a leading newspaper in the United States.
In a special report published on Friday, The Wall Street Journal said Google, working together with numerous advertising agencies, placed a special computer code on millions of iPhones that permits the companies to track user behavior.
Google has denied that it monitors the activities of iPhone users and said the imbedded code, or cookies, tracks users and is only made active when users opt-in to one of Google's services, for example Gmail.
However, the company admitted that the code unintentionally allowed additional Google Web advertising cookies to be installed on users' phones without their permission.
Apple's Safari web browser obstructs tracking behavior, but Google's code "tricks" the Safari browser into monitoring iPhone user behavior, the report said.
Stanford University researcher Jonathan Mayer recently discovered the code. Acting on Mayer's advice, a technical advisor to the The Wall Street Journal discovered that the Google tracking code was installed on iPhones by 23 of the top 100 websites.
The code was implanted on advertisements from Fandango.com, Match.com, AOL.com, TMZ.com, UrbanDictionary.com, and a number of other sites.
After the code is installed, Google can follow user movement across a large number of websites.
GJH/MF/HGL
"but are being contained by a
system that they do not even suspect exists."
MATRIX!
Really, how else are the "guardians of civility" going to manage to hang on to their "civilizations" and their ability to stay out of the 'dirt' (read "not work") as populations increase and resources decrease? Total control is the ONLY way forward for them...
Synchronicity, dude. I was just thinking of this earlier today. We are the imaginative cells.
Content is king, Long live the content....
http://www.redicecreations.com/article.php?id=18584
Journalism etc...
...became as corrupt
...as the Borg trying to seduce Data
http://www.youtube.com/watch?v=R_HSYB3EPNk
Infinite recursive flash crashes, bitchezzzzzzz...
More mind-boggling news from ZH, aka black Friday night humor; and I now understand those Yahoo Economics news stories.
Nothing new actually. Software developed narratives have been used for some time now. Hollywood script writers have been huge consumers of that stuff.
The achievement of US citizenism.
US citizens strive for conformity and uniformity. They hate on diversity and singularity.
As a result, they do respond favourably to stereotyping. The presentation of information is sugarcoated to answer to the expectations of groups of US citizens.
Eveything has to be formatted, standardized, leading for a demand of routine.
As US citizens derive what they get from the group they belong to, as the current trend is going toward resources depletion, the fealty owned to the group will even increase, allowing a narrower profiling and development of stereotypes as the fear of US citizens to slip out of the cocoon of their group will push them to associate even tightlier with their group averaged face.
The most mattering point: even though us citizenism propaganda is growing cheaper by the day, being more and more a simple test of faith, a demand of submission to the group, resources depletion forces to reduce costs on production of propaganda. Hence the use of bots to produce it.
It is going to go circle: even more standardized propaganda=>even tighter assocation to the group=>even faster resource depletion=>
Terminal point: one day, resources depletion will be such that it will no longer allow propaganda maintenance and US citizens will drop their masks, ending their masquerade, no longer able to face the costs of pretending.
"US citizens strive for conformity and uniformity."
Apparently you've never been to Japan.
Your broad brushing is starting to get annoying... (and no, this isn't in defense of the 'US' [as though it's really monolithic entity that you suggest it is])
Get it through your thick skull, this is all just the pinnacle of human "civility," that it's happened under the "US" flag doesn't mean that it wouldn't have happened under some other flag (perhaps even the one that you're hiding under?).
I man love u!
You misunderstand Seer. AnAnon is a coded proxy-human comment-bot.
As you've noticed it's had some development issues, and tends to chuck a wobbly fairly regularly.
Fester not mate.
"The world is only sparsely populated with geniuses. There is no reason to believe that the software engineering community has an inordinately large proportion of them" Peters, L. 1981. Software Design
not all of these algo's are implemented by top notch developers....some of these programs will eventually choke on something and blow up....and that's just the way it is in software. too many on here talk about these algo's as if they were self aware. it's just code.
"too many on here talk about these algo's as if they were self aware. it's just code."
No, I believe that you're misinterpreting what folks are saying. I believe that folks are warning against it getting to the point of trying to push robots/computing into the realm of "self-awareness."
But... when multiple algos feed each other, really then, at what point do you say that they're NOT essentially acting in something that is akin to self-awareness?
Further, it's all relative. Humans are, seemingly, becoming dumber (especially when it comes to the REAL world); one could even go so far as saying they're becoming LESS self-aware. So... it might not be that the algos ARE self-aware as it is that they are closer to being it than are most humans (who are being programmed to that way).
Robots are now running all over the globe killing humans (drones). They're writing articles for humans, programming humans. Is it They or Us who aren't coming in peace?
seer,
there is a scene in one of the matrix trilogy movies where
the counselor point out to neo that the people of
zion are in fact slaves to the machines that maintain
their artificial ecology and the life support functions
those machines provide. every homeowner knows this, every farmer,
every thinking person knows it. their is choice but ultimately
there is no freedom from the choices one makes and the demands
imposed by those choices. so man is always in service of his
survival, his tools of survival, his environment, the health
and well being of the relationships of the recognized elements
of the ecologies, physical and psychological. we will always be
in service to "the matrix" in one form or another as it is
the domain of the symbolic realm, the mind. the question is which
machines do we service? which machines will capture the heart and
intellect of a species that has survival in it's future? because
we can make all manner of machines to service, both beneficial
and destructive. same with systems themselves, some designed
and based on sustainable and renewable elements, some not.
who will choose and what will be chosen? don't know but i know
their is no escape from the demands embedded in those choices.
what will bring revolution is elites thinking they can make these
choices based on their self interest uninformed by the voices of those
who will have to pay the price to meet the demands of those choices.
i think this the essence of "democracy" or "representative" government.
"Robots are now running all over the globe killing humans (drones). They're writing articles for humans, programming humans. Is it They or Us who aren't coming in peace?"
They are us. Robots, Algos, Drones.....they are the physical manifestation of ideas formed first in the minds of their creators (who happen to be humans). Robots aren't killing humans, robots are the weapon of choice for humans. Self-aware machines do not yet exist.....they do what we tell them to do. For now...
Actully, I'm thrilled. If it take robots to get the bias out of journalism, especially financial journalism (anyone watching ComedyNBC or Bloomberg lately will know what I mean), I'm all for it. And one other thing, I wonder how long it will take for one of the journowhacko's to make the claim that computers are racist? :) Anyone want to make a market on that one? :))))
Made me laugh.
US citizens are obsessed with racism, as if they were prevented from it.
You skipped a few lines though, bias is stereotyped in US citizenism.
So the software knows how to write what and how to appeal to the various different cults peopling the large communauty of US citizens.
Yes, the software keeps displaying the racist outplays because there is a US citizen demand for it.
Let's have you hang YOUR dick out here so we can compare, shall we? How about YOU tell us what country that you reside in (so that we can decide whether it contains "racism")?
Take a trip to Japan and then tell me how racist the US is.
He is to chicken shit to do it Seer. I have already done this and all he will do is yammer on about bulling and propaganda.
I imagine his dick is to small for comparison.
robots take over the teleprompters of the talking heads:
"and in financial news today, the He-25 roller coaster algo will make 25 million in fees for pop-bot's owner, JPM"
robots adjust their message to the talking head to distract everybody from the news: Lauren Lister on RT
"what is really going on with the stock markets?" [pout] [lick lips] [adjust bra][cross legs]
sorry, that was my bot fantasy. popped a rivet.
they're gonna blame the next crash on a Chinese computer virus that returns all stocks to
their real value, i.e. GOTO zero, and then gives sage advice.
MESSAGE to 96% of all countries: "default, default, too much debt. default"
MESSAGE to bank CEOs: "default, default, too much debt. default"
"shadow markets are unethical. that kinda money doesn't exist"
"the helicopter is waiting"
"police on the way"
if companies rely on computers to help them make their decisions
and get them to do algo tricks that the humans can't
even understand, how long will it be before an algo on the Presidential
and Cogress futures markets in Chicago
decide the future of the US?
it might improve things in the cash-4-votes Congress.
Maybe it's because of algos that we've BEEN getting crap in the Executive and Legislative branches?
Think about it...
http://en.wikipedia.org/wiki/Diebold
Diebold, Inc. (NYSE: DBD) ( /?di?bo?ld/, DEE-bold) is a United States-based security systems corporation that is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), electronic and physical security products (including vaults and currency processing systems), and software and integrated systems for global financial and commercial markets. Diebold is the largest U.S. manufacturer of ATMs.[1]
Diebold was incorporated under the laws of the State of Ohio in August 1876
Looks like there are 1 o kinds of ZH'ers - those who understand binary and those who don't...
No. 5 alive and now I wish to bend Stephanie over.
01011001 01101111 01110101 00101110 00100000 00100000 01011001 01001111 01010101 00100001 00100000 00100000 01001001 00100000 01110011 01100101 01100101 00100000 01110111 01101000 01100001 01110100 00100000 01111001 01101111 01110101 00100000 01100100 01101001 01100100 00100000 01110100 01101000 01100101 01110010 01100101 00101110 00001101 00001010 01011001 01101111 01110101 01110010 01110011 00100000 01110100 01110010 01110101 01101100 01111001 00101100 00100000 01001101 01100101 01010010 01101111 01100010 01101111 01110100
@ .." 01110100 00100000 01111001 01101111 01110101 00100000 01100100 01101001 01100100 00100000 01110100 01101000 01100101 01110010 01100101 00101110 00001101" ?
was trying to see how many times you repeated yourself, but lost count......HA. But, I remain convinced that some part of that message - if not redundant - is certainly obscene.
I think that you're underestimating!
And here all along I thought the Tylers were real people. Silly me!
"Silly me!"
Are you sure that you are really YOU? Perhaps you've only been programmed to think so?!
more human than the human
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