Dow Jones unveils AI-driven Factiva Smart Summary
Dow Jones has introduced Factiva Smart Summary, a new AI-powered feature within their business intelligence platform. This tool is designed to assist businesses by providing concise summaries to aid in their research and decision-making processes.
Factiva Smart Summary utilizes generative AI capabilities, enabling companies to access brief and informative summaries while ensuring transparency and traceability. This feature leverages thousands of trusted news sources that have been licensed specifically for generative AI usage.
Licensing Agreements
Dow Jones has established licensing agreements with nearly 4,000 sources across 160 countries and 29 languages. These partnerships include renowned entities such as The Associated Press, AWP Finanznachrichten AG, News Corp Australia, News UK, and The Washington Post, in addition to Dow Jones's own news brands like The Wall Street Journal, Barron's, and MarketWatch.
Leadership Statements
The CEO of Dow Jones and Publisher of The Wall Street Journal, Almar Latour, expressed his thoughts on the launch of Factiva Smart Summary. He highlighted how this feature harnesses the latest advancements in GenAI technology to provide reliable insights for decision-making while maintaining journalistic integrity.
Traci Mabrey, General Manager of Factiva, emphasized the platform's commitment to delivering quality content for businesses. She stressed the importance of authenticity, transparency, and fair compensation in the ever-evolving media landscape.
Technology Integration
Factiva Smart Summary is developed using Google's Gemini models on Google Cloud. This initiative is part of Dow Jones's broader integration of AI capabilities into their service offerings, which also include Factiva Feed for GenAI, Dow Jones Newswires GenAI Feed, Dow Jones Integrity Check, and RiskCenter Advanced Screening and Monitoring.
Michael Clark, President, North America, at Google Cloud, commended the collaboration with Dow Jones. He highlighted the significance of leveraging technology to enhance information access and analysis, showcasing the power of GenAI in driving growth within the media industry.
