Companies are now writing reports tailored for AI readers – and it should worry us

My eye was caught by the title of a working paper published by the National Bureau for Economic Research (NBER): How to Talk When a Machine Is Listening: Corporate Disclosure in the Age of AI. So I clicked and downloaded, as one does. And then started to read. The paper is an analysis of the 10-K and 10-Q filings that American public companies are obliged to file with the Securities and Exchange Commission (SEC). The 10-K is a version of a company's annual report, but without the glossy photos and PR hype: a corporate nerd's delight.