If You Can't Fight Them
There used to be a time when making money in the stock market only needed expertise in finance and looking at long term prospects of companies and industries. But in the last decade or so, the finance industry employed lots of mathematicians, quantum physicists, electrical engineers and of course, software programmers. Put together, that seemingly weird set of people help come up with AI (artificial intelligence) algorithms that buy and sell stocks at insane speeds and are in fact now the norm in the Western world! Other industries like journalism seem to be unable (or unwilling) to react to an age where “many people start their day reading news on a phone or tablet”, as Cindy Krum, chief executive at MobileMoxie puts it. Thomas Urbain wrote : “News organizations have to decide whether to go after digital readers on their own or to team up with tech firms. In these new apps, the publishers appear to have chosen the latter.” Apps like Apple News, Facebook’s Instant Articles an...