2022
December
15
Thursday

Monitor Daily Podcast

December 15, 2022
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Ali Martin
California Bureau Writer

“AI is starting to play an increasingly important role in journalism, as more and more news organizations are using it to improve their operations and deliver high-quality content to their audiences.”

A bot wrote that. 

It was part of an online conversation I had with ChatGPT – a new artificial intelligence interface that launched two weeks ago, lighting up the Twittersphere and other forums where the future of humanity is debated.  

Ask the interface to write about any topic in any style, and within seconds you’ll see the words forming. Some of the more creative requests have gone viral: One user asked it to write in a biblical style about how to remove a peanut butter sandwich from a VCR. The bot did not disappoint. It writes poetry, code, songs. Stories of any length come in a variety of languages. 

The applications for journalism are obvious – and already in use. For years, news organizations have been exploring AI, lured by its ability to mine large amounts of data, which is especially helpful in financial and sports reporting. AI easily generates headlines, lists, weather stories – and, as language programming grows more sophisticated, articles that are indiscernible as tech. 

Before you ask: The Monitor isn’t using AI. 

But other well-known, widely trusted newsrooms are. Advocates say it maximizes dwindling newsroom resources by freeing up journalists to focus on the human aspects of the job: curiosity, critical thinking, judgment, nuance. 

There are valid, serious, well-publicized concerns; workforce displacement, bias, and disinformation lead the pack. The bot seems to know that, too. It writes, “AI … could potentially change the way that information is created, distributed, and consumed. This could have far-reaching implications for democracy and the public’s access to reliable, accurate information.”

It’s right about that. But being right is different from being smart. Intelligence is still beyond any code or computer.


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Today’s stories

And why we wrote them

China’s economic revitalization largely hinges on whether the government, which has long touted the dangers of COVID-19, can meet the test of a mass outbreak and assuage public anxieties as controls lift and cases rise.

Patterns

Tracing global connections

Prisoner exchanges, such as the deal that freed Brittney Griner, involve acute moral dilemmas. On what scale do you weigh human value? And how do you measure values trade-offs?

The Explainer

American voters elect members of Congress, but House and Senate members choose their leaders. Understanding leadership roles and their powerful influence is part of informed citizenship. 

Charo Larisgoitia/Argentine Vice-Presidency/Reuters
Argentine Vice President Cristina Fernández de Kirchner waves to supporters at the end of a party rally inside the Diego Maradona stadium in La Plata, on the outskirts of Buenos Aires on Nov. 17, 2022, just weeks before her fraud conviction.

The staying power of political parties often comes down to their adaptability. Can Argentina’s leftist Kirchnerism movement persevere following the fraud conviction of its most identifiable leader? 

Taylor Luck
Baptism Site Director General Rustom Mkhjian stands by the baptism well and the Church of St. John the Baptist, which some experts believe mark the exact spot where Jesus was baptized in Bethany, Jordan, Dec. 1, 2022. Under a planned 360-acre "baptism zone," Jordan hopes to share the site with more visitors from around the world.

Jordan’s Hashemite royal family, custodians of the site where many believe Jesus was baptized, hope a planned complex will be more than just a center for Christian pilgrims, but a showcase for Jordanian interfaith harmony.

Film

20th Century Studios/AP
Ronal (left, Kate Winslet) and Tonowari (Cliff Curtis) appear in a scene from “Avatar: The Way of Water.” Almost all of the film’s actors are rendered with performance-capture technology.

Thirteen years have passed since the last “Avatar” movie. Director James Cameron took his time with the sequel, which focuses on the importance of family – and the grandeur of filmmaking.


The Monitor's View

Reuters
Traders work on the floor of the New York Stock Exchange in New York City, U.S., Dec. 7, 2022.

Over the last couple of years, the public’s trust in stock markets has been strained repeatedly – by the pandemic, the meteoric rise and fall of so-called meme stocks, and lately the stunning collapse of FTX, the world’s third-largest cryptocurrency exchange.

Yesterday the federal agency that monitors U.S. stock markets took a step meant to shore up that lost confidence. It endorsed the broadest set of new rules in nearly two decades to improve competition and deliver better prices to small investors. “The markets have become increasingly hidden from view, especially for individual investors,” said Gary Gensler, chair of the Securities and Exchange Commission.

The proposed reforms cap a year of global efforts to bring greater transparency to trading, ranging from equities to carbon credits. They draw attention to some of the more opaque workings of the modern stock market. As a measure of their complexity, they run to 1,500 pages, and their economic benefit to individual investors is minimal. The commission estimates that the new rules could net small investors an additional $1.5 billion annually, or merely $1.08 per $100 traded.

But as a means of bolstering trust, they may pay important dividends. They are designed to address ways that modern trading practices have been reshaped by high-volume, computer-driven investment strategies that the commission says put small investors at an unknowing disadvantage.

One rule would require brokers to buy and sell stocks on behalf of small investors through a new auction mechanism. This would allow more traders an opportunity to bid for them, ensuring individual investors a better shot at more advantageous prices – higher for sellers, lower for buyers. Another reform would require investment firms and exchanges to publish monthly data on the stock prices they provide investors. The new rules also seek to decrease the potential for company executives to fall afoul of insider trading restrictions.

The commission drafted the proposals partly in response to the advent of meme stocks like GameStop, which in 2021 gained rapid artificial value through viral popularity on social media and just as quickly collapsed. Large-volume wholesale broker-dealers like Charles Schwab worry the new rules may infringe on free competition. Bourses like the New York Stock Exchange and IEX see the opposite.

By their nature, regulations offer a measure of the public mood. As a Harvard study found more than a decade ago, “distrust influences not just regulation itself, but also the demand for regulation.” The commission’s proposals are now open to a period of public debate through March of next year. Inviting scrutiny of trading practices that affect a majority of investors is itself a public good, reflecting how democratic societies build real value through trust.


A Christian Science Perspective

About this feature

Each weekday, the Monitor includes one clearly labeled religious article offering spiritual insight on contemporary issues, including the news. The publication – in its various forms – is produced for anyone who cares about the progress of the human endeavor around the world and seeks news reported with compassion, intelligence, and an essentially constructive lens. For many, that caring has religious roots. For many, it does not. The Monitor has always embraced both audiences. The Monitor is owned by a church – The First Church of Christ, Scientist, in Boston – whose founder was concerned with both the state of the world and the quality of available news.

As Christ becomes more of a focus in our thinking – at Christmas and all year round – we experience greater joy, less stress, and even healing.


A message of love

Willy Kurniawan/Reuters
A boy reacts as he slides on artificial snow while playing at a playground inside the Taman Anggrek shopping mall during the Christmas and New Year's season in Jakarta, Indonesia, Dec. 15, 2022.
( The illustrations in today’s Monitor Daily are by Karen Norris and Jacob Turcotte. )

A look ahead

Thanks for joining us today. Come back tomorrow to learn which books we recommend this month and to hear from filmmaker Soledad O’Brien, whose latest documentary offers a new look at Rosa Parks.

More issues

2022
December
15
Thursday

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