Dow Jones Introduces Factiva Smart Summary
Date: November 13, 2024
Dow Jones reveals licensing agreements for GenAI content with a multitude of sources globally.
New York – [November 13, 2024] – Dow Jones has officially launched Factiva Smart Summary, a groundbreaking feature within its business intelligence platform, as part of the company’s ongoing effort to integrate generative AI (GenAI) into its professional offerings. This initiative marks a significant transformation for Factiva, evolving it into a premier AI-enhanced research resource for businesses.
Factiva Smart Summary leverages new GenAI features that allow organizations to gain quick, clear summaries, facilitating efficient research and informed decision-making. The generated summaries maintain full transparency and traceability, utilizing data from thousands of reputable news sources licensed by Dow Jones for specific GenAI applications.
In line with its dedication to ethical AI practices, Dow Jones is curating the world’s leading collection of full-text news articles authorized for use with GenAI technologies. This collection encompasses nearly 4,000 sources from over 160 countries and 29 languages, including The Associated Press, AWP Finanznachrichten AG, News Corp Australia, News UK, and The Washington Post, alongside Dow Jones’s prestigious news properties such as The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, Financial News, Private Equity News, and Dow Jones Newswires.
“The launch of Factiva Smart Summary utilizes the latest advancements in GenAI to provide actionable insights for decision-making while preserving journalistic standards,” stated Almar Latour, CEO of Dow Jones and Publisher of The Wall Street Journal. “As a frontrunner in business intelligence, we are committed to responsible development and preserving the value of publishers.”
“For over 25 years, Factiva has served as a bridge between businesses and verified, copyright-compliant content. As generative AI paves the way for a new chapter in the media sector, we prioritize authenticity,” remarked Traci Mabrey, General Manager of Factiva. “We hold that transparency and equitable compensation are vital to nurturing a robust media ecosystem—one where AI enhances rather than detracts from our industry.”
Factiva Smart Summary, built using Google’s Gemini models on Google Cloud, joins Dow Jones’s expanding array of AI-driven products aimed at optimizing decision-making processes. This launch is part of a broader strategy involving multiple GenAI collaborations as Dow Jones continues to implement this innovative technology for the advantage of its clientele and readership. Recent initiatives include:
- Factiva Feed for GenAI and Dow Jones Newswires GenAI Feed which provide enterprises and financial institutions with licensed, copyright-compliant full-text content to power custom generative AI applications such as chatbots, summarization of articles and portfolios, newsletter generation, and enhanced research efficiency.
- Dow Jones Integrity Check, an automated research platform utilizing cutting-edge generative and entity resolution AI technologies from Xapien, allows organizations to assemble an investigative due diligence report on companies and individuals in as little as five minutes.
- RiskCenter Advanced Screening and Monitoring (ASAM), powered by natural language processing technology from Ripjar, enables rapid, efficient high-volume screening for financial crime and third-party risk management.
“Dow Jones’s application of Google’s Gemini models on Google Cloud for GenAI search summaries represents a noteworthy advancement in utilizing technology to improve information accessibility and analysis,” noted Michael Clark, President, North America, Google Cloud. “By integrating our models with the extensive Factiva content library, we are illustrating how GenAI can serve as a powerful growth asset for the media sector.”
Factiva Smart Summary is available to all subscribers starting today. For further information, please visit www.Factiva.com.
About Dow Jones
Dow Jones is a global supplier of news and business intelligence, delivering content to individuals and organizations worldwide across various formats, including print, digital, mobile, and live events. With a legacy of over 130 years, Dow Jones has established one of the largest news-gathering operations globally, featuring renowned publications and products such as the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS, and Chemical Market Analytics. Dow Jones operates as a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).
Press Contact
Louise Goodenday (UK)
[email protected]
Kamilla Rahman (US)
[email protected]
