Associated Press invests in Automated Insights

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Earnings reports are pretty boring to both write and read. This is probably one of the reasons why the Associated Press participated in Automated Insights’ $5.5 million funding round along with Samsung, Osage Venture Partners, and Steve Case. Automated Insights uses A.I. to transform “raw data into actionable stories and insights.”

Automated Insights reminds me of Summly, which is a news summization company that Yahoo! acquired last year. Automated Insights excels in processing financial data and can pick apart an earnings release as good as a finance reporter.

Associated Press will be using Automated Insights to automate the coverage of 15 times more companies each quarter.

[Source: VB]

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