JOURNALISM or the American journalism industry, it’s been twenty F years of mostly bad news. With the rise of the internet, compe- tition for ad dollars from non-news players has destroyed the industry’s traditional business models—even as participation from a public that, finally empowered to talk back, has slowly eroded journalism’s authority. Newspaper publishers—which have traditionally done the heavy lifting of holding power accountable and informing the public about current affairs—have suffered the worst of it. According to the Pew Research Center, more than 2,200 local U.S. papers have closed since 2005, and over 40,000 news- room employees have lost their jobs. Meanwhile, we keep producing more and more information. Like, a lot of it: Reid: Can you quantify how much information the world produces each day in 2022? Also, can you provide any statistics that help illustrate how fast this overall infor- mation production is growing over time? Finally, I’d like to use your reply as part of an argument I’m making that large language models can play a significant positive role in the journalism industry. So please don’t make stuff up. Base your reply on real sources that can be eas- ily checked. 77
Impromptu by Reid Hoffman with GPT-4 Page 83 Page 85