• by Ray Schultz , November 13, 2024

Dow Jones has added generative AI capability to its Factiva business research tool. It has launched Factiva Smart Summary, which it says will enable companies to retrieve concise summaries and streamline their research and decision-making. 

As part of this, Dow Jones has been building a collection of full-text news articles for use with GenAI tools and applications, and has licensing agreements with nearly 4,000 sources in 160+ countries and in 29 languages. The content is being accessed with the permission of publishers. 

The licensing deals are with such names as The Associated Press, AWP Finanznachrichten AG, News Corp Australia, News UK and The Washington Post.  

Also featured in Factiva Smart Summary are Dow Jones’s own news brands, including The Wall Street Journal, Barron’s, MarketWatch, Investor’s Business Daily, Financial News, Private Equity News and Dow Jones Newswires. 

Dow Jones is using Google's Gemini models on Google Cloud to power the GenAI search summaries, and represents "a significant step towards leveraging the technology to enhance information access and analysis,” said Michael Clark, president, North America, Google Cloud. “By combining our models with the extensive Factiva content set, we're showcasing how GenAI can be a powerful tool for growth for the media industry."

The launch harnesses "recent advancements in GenAI technology to deliver reliable insights for decision-making, while upholding journalistic integrity," say Almar Latour, CEO of Dow Jones and publisher of The Wall Street Journal. "As a leader in business intelligence, we're dedicated to building responsibly and safeguarding publisher value." 

“As generative AI ushers in a new era for media organizations, we’re putting authenticity first,” adds Traci Mabrey, general manager, Factiva. “We believe transparency and fair compensation are essential to building a healthy media landscape—one where AI strengthens, not undermines, our industry.”