Collective Intellect has a goal and can make money. Following on from our lecture and the discussion surrounding how collective intellect could make money - the following article shows how Wall Street is using it to its advantage.
A Wallstreet firm has created a service that combs through thousands of blogs, news sites, chat rooms and other Web sites every day and then surfaces rumors and news reports that might be of interest to traders or corporate public-relations executives. This seems similar to the Digg website.
http://news.com.com/Putting+blogs+to+work+for+Wall+Street/2100-1008_3-6128340.html?tag=nefd.lede
Monday, October 23, 2006
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