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Axios CEO Believes AI Will 'Eviscerate the Unprepared' Among Media Companies: In the view of Jim VandeHei, CEO of Axios, artificial intelligence will eviscerate the weak, the ordinary, the unprepared in media," reports the New York Times: VandeHei says the only way for media companies to survive is to focus on delivering journalistic expertise, trusted content and in-person human connection. For Axios, that translates into more live events, a membership program centered on its star journalists and an expansion of its high-end subscription newsletters. "We're in the middle of a very fundamental shift in how people relate to news and information," he said, "as profound, if not more profound, than moving from print to digital." "Fast forward five to 10 years from now and we're living in this AI-dominated virtual world — who are the couple of players in the media space offering smart, sane content who are thriving?" he added. "It damn well better be us." Axios is pouring investment into holding more events, both around the world and in the United States. VandeHei said the events portion of his business grew 60% year over year in 2023. The company has also introduced a $1,000-a-year membership program around some of its journalists that will offer exclusive reporting, events and networking. The first one, announced last month, is focused on Eleanor Hawkins, who writes a weekly newsletter for communications professionals. Her newsletter will remain free, but paying subscribers will have access to additional news and data, as well as quarterly calls with Hawkins... Axios will expand Axios Pro, its collection of eight high-end subscription newsletters focused on specific niches in the deals and policy world. The subscriptions start at $599 a year each, and Axios is looking to add one on defense policy... "The premium for people who can tell you things you do not know will only grow in importance, and no machine will do that," VandeHei said....VandeHei said that although he thought publications should be compensated for original intellectual property, "that's not a make-or-break topic." He said Axios had talked to several AI companies about potential deals, but "nothing that's imminent.... One of the big mistakes a lot of media companies made over the last 15 years was worrying too much about how do we get paid by other platforms that are eating our lunch as opposed to figuring out how do we eat people's lunch by having a superior product," he said. "VandeHei said Axios was not currently profitable because of the investment in the new businesses," according to the article. But "The company has continued to hire journalists even as many other news organizations have cut back." Read more of this story at Slashdot.

Axios CEO Believes AI Will 'Eviscerate the Unprepared' Among Media Companies: In the view of Jim VandeHei, CEO of Axios, artificial intelligence will eviscerate the weak, the ordinary, the unprepared in media," reports the New York Times: VandeHei says the only way for media companies to survive is to focus on delivering journalistic expertise, trusted content and in-person human connection. For Axios, that translates into more live events, a membership program centered on its star journalists and an expansion of its high-end subscription newsletters. "We're in the middle of a very fundamental shift in how people relate to news and information," he said, "as profound, if not more profound, than moving from print to digital." "Fast forward five to 10 years from now and we're living in this AI-dominated virtual world — who are the couple of players in the media space offering smart, sane content who are thriving?" he added. "It damn well better be us." Axios is pouring investment into holding more events, both around the world and in the United States. VandeHei said the events portion of his business grew 60% year over year in 2023. The company has also introduced a $1,000-a-year membership program around some of its journalists that will offer exclusive reporting, events and networking. The first one, announced last month, is focused on Eleanor Hawkins, who writes a weekly newsletter for communications professionals. Her newsletter will remain free, but paying subscribers will have access to additional news and data, as well as quarterly calls with Hawkins... Axios will expand Axios Pro, its collection of eight high-end subscription newsletters focused on specific niches in the deals and policy world. The subscriptions start at $599 a year each, and Axios is looking to add one on defense policy... "The premium for people who can tell you things you do not know will only grow in importance, and no machine will do that," VandeHei said....VandeHei said that although he thought publications should be compensated for original intellectual property, "that's not a make-or-break topic." He said Axios had talked to several AI companies about potential deals, but "nothing that's imminent.... One of the big mistakes a lot of media companies made over the last 15 years was worrying too much about how do we get paid by other platforms that are eating our lunch as opposed to figuring out how do we eat people's lunch by having a superior product," he said. "VandeHei said Axios was not currently profitable because of the investment in the new businesses," according to the article. But "The company has continued to hire journalists even as many other news organizations have cut back." Read more of this story at Slashdot.

“Artificial intelligence will eviscerate the weak, the ordinary, the unprepared in media," says Jim VandeHei, CEO of Axios. In response to the rapid rise of AI, Axios is shifting its strategy to focus on delivering journalistic expertise, trusted content, and in-person human connection. The company is investing heavily in live events, launching a membership program centered on star journalists, and expanding its high-end subscription newsletters. "One of the big mistakes a lot of media companies made over the last 15 years was worrying too much about how do we get paid by other platforms that are eating our lunch as opposed to figuring out how do we eat people’s lunch by having a superior product," says VandeHei. As Al continues to disrupt media, the winners will be those who focus on creating a superior experience that delivers a unique value to the audience. But in a world where AI’s also reshaping consumer expectations and preferences, what will these experiences look and feel like? #AI #artificialintelligence #media #Journalism

"Large language models enabled tech companies to imagine media distribution with even fewer people involved. AI will soon replace older feed algorithms and threatens to further weaken the role of editorial judgment in online publishing," Margarita N. writes.

#ai #google #ai_overviews #media #antitrust * Google’s AI-powered search engine threatens to devastate cash-strapped media outlets, prompting calls for urgent antitrust intervention * Google’s AI Overviews — auto-generated summaries that reduce visibility and traffic to other websites — could significantly drain ad revenue from publishers, *A study estimates that websites could lose up to 64% of their organic traffic due to AI Overviews https://lnkd.in/gUHqY44k

AI is changing the way journalists gather and report news, but is Google making it harder for human reporting to reach readers? Here’s what we know and how journalists can adapt. #AI #journalism

?? The impact of Google Gemini AI on smaller media companies ?? Google Gemini AI, which offers direct answers in search results, poses a threat to smaller online media by reducing web traffic and therefore advertising revenue. This shift could put many of them out of business, undermining the diversity and trust that is vital to journalism. ?? János Tamás Papp, PhD argues in his article that to preserve these essential voices, support mechanisms, fair compensation rules and ethical AI development are needed. Read our article now! ? https://lnkd.in/dMRVcnSD #AI #Journalism #Media #Google #GeminiAI #News #SupportJournalism #EthicalAI #Innovation

Meta’s recent decision to end its third-party fact-checking program on platforms like Facebook and Instagram in the United States has sparked significant debate. While some view this move as a victory for free speech, the reality is more complex. The previous fact-checking efforts, often criticized as a “whack-a-mole” approach, struggled to effectively manage the vast amount of misinformation online. Despite these challenges, providing users with tools to verify the truthfulness of posts remains essential for building trust in social media and mitigating harm. The ineffectiveness of past methods doesn’t negate the necessity of fact-checking; rather, it highlights the need for more efficient solutions. Advancements in artificial intelligence (AI) offer promising alternatives. Unlike individual fact-checkers, AI can operate at scale, analyzing and flagging content rapidly without being susceptible to personal attacks or biases. Implementing AI-driven systems could provide real-time assessments of content accuracy, accompanied by links to diverse sources, enabling users to explore multiple perspectives. Relying solely on community-based fact-checking is problematic. Users challenging extreme or false posts may face harassment, deterring participation. Additionally, social media platforms often create echo chambers, limiting exposure to corrective information. AI can help bridge these gaps by introducing unbiased, alternative viewpoints directly into users’ feeds. For instance, AI-powered fact-checking tools like Full Fact’s AI system have been successful in identifying and addressing false information quickly. Their software analyzes claims, opinions, and events, monitoring over one million web domains and social media platforms in real-time to assess the veracity of information. To enhance online safety, especially for vulnerable groups, social media companies should integrate AI-driven fact-checking mechanisms. These systems can provide immediate feedback on content accuracy, supplemented with resources for support when encountering harmful posts. While AI isn’t flawless and may introduce some biases, these can be mitigated by offering pathways to various reputable sources, fostering a more informed user base. In conclusion, moving away from human fact-checkers doesn’t have to mean abandoning the pursuit of truth online. By leveraging AI, we can create a more reliable and safer social media environment, ensuring that freedom of speech is balanced with the responsibility of preventing the spread of misinformation. Legislation may be required to force Social Media platforms to do this. #Freedomofspeech #Meta #misinformation #onlineabuse

"Meet AdVon, the AI-Powered Content Monster Infecting the Media Industry What we found should alarm anyone who cares about a trustworthy and ethical media industry. Basically, AdVon engages in what Google calls "site reputation abuse": it strikes deals with publishers in which it provides huge numbers of extremely low-quality product reviews — often for surprisingly prominent publications — intended to pull in traffic from people Googling things like "best ab roller." The idea seems to be that these visitors will be fooled into thinking the recommendations were made by the publication's actual journalists and click one of the articles' affiliate links, kicking back a little money if they make a purchase. It's a practice that blurs the line between journalism and advertising to the breaking point, makes the web worse for everybody, and renders basic questions like "is this writer a real person?" fuzzier and fuzzier. And sources say yes, the content is frequently produced using AI." #journalism #mediaapocalypse #AI https://lnkd.in/e_G3ziYu