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Information once characterized as news by journalists — and by default relevant to everyone — is now more prone to individual affinities. The same information will be viewed differently by two individuals based purely on what matters to them. One person’s relevant news is irrelevant to someone else.
Can journalism survive in a post-news world?
niemanlab.org
Basically if you’re a regular old venture capitalist and you invest $1 billion in an artificial intelligence startup at a $10 billion valuation, you only make money if the startup eventually sells or goes public at a higher valuation. But if you’re Amazon and you invest $1 billion in an AI startup at a $10 billion valuation, and as part of the deal it agrees to pay you $500 million a year for computing power, you can make money on the commercial deal even if the investment doesn’t work out. You are investing not only to make money on the deal, but also to increase your own revenue. (And you might not even be investing cash — the $1 billion might be in the form of compute rather than money.) This lowers your bar for investing,3 so you will be willing to invest more money at higher valuations in AI startups if you can also get the commercial deals. Which means that regular old VCs will either be frozen out of those deals, or will have to overpay for them.
Shareholders Are People, Too
bloomberg.com
Rather than falling into either category, however, I found that The Times’ Politics journalists were governed in their practice by an ethic not of truthfulness, but of efficacy. I argue that the journalists’ efficacy can be analyzed as a “post-truth” news ethic that is emerging in contemporary China.
The Currency of Truth
Emily H. C. Chua
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