AI-powered search systems are emerging as new information gatekeepers, fundamentally transforming how users access news and information. Despite their growing influence, the citation patterns of these systems remain poorly understood. We address this gap by analyzing data from the AI Search Arena, a head-to-head evaluation platform for AI search systems. The dataset comprises over 24,000 conversations and 65,000 responses from models across three major providers: OpenAI, Perplexity, and Google. Among the over 366,000 citations embedded in these responses, 9% reference news sources. We find that while models from different providers cite distinct news sources, they exhibit shared patterns in citation behavior. News citations concentrate heavily among a small number of outlets and display a pronounced liberal bias, though low-credibility sources are rarely cited. User preference analysis reveals that neither the political leaning nor the quality of cited news sources significantly influences user satisfaction. These findings reveal significant challenges in current AI search systems and have important implications for their design and governance.

While Large Language Models (LLMs) can amplify online misinformation, they also show promise in tackling misinformation. In this paper, we empirically study the capabilities of three LLMs -- ChatGPT, Gemini, and Claude -- in countering political misinformation. We implement a two-step, chain-of-thought prompting approach, where models first identify credible sources for a given claim and then generate persuasive responses. Our findings suggest that models struggle to ground their responses in real news sources, and tend to prefer citing left-leaning sources. We also observe varying degrees of response diversity among models. Our findings highlight concerns about using LLMs for fact-checking through only prompt-engineering, emphasizing the need for more robust guardrails. Our results have implications for both researchers and non-technical users.

Bias assessment of news sources is paramount for professionals, organizations, and researchers who rely on truthful evidence for information gathering and reporting. While certain bias indicators are discernible from content analysis, descriptors like political bias and fake news pose greater challenges. In this paper, we propose an extension to a recently presented news media reliability estimation method that focuses on modeling outlets and their longitudinal web interactions. Concretely, we assess the classification performance of four reinforcement learning strategies on a large news media hyperlink graph. Our experiments, targeting two challenging bias descriptors, factual reporting and political bias, showed a significant performance improvement at the source media level. Additionally, we validate our methods on the CLEF 2023 CheckThat! Lab challenge, outperforming the reported results in both, F1-score and the official MAE metric. Furthermore, we contribute by releasing the largest annotated dataset of news source media, categorized with factual reporting and political bias labels. Our findings suggest that profiling news media sources based on their hyperlink interactions over time is feasible, offering a bird's-eye view of evolving media landscapes.

In the modern economic landscape, integrating financial services with Financial Technology (FinTech) has become essential, particularly in stock trend analysis. This study addresses the gap in comprehending financial dynamics across diverse global economies by creating a structured financial dataset and proposing a cross-lingual Natural Language-based Financial Forecasting (NLFF) pipeline for comprehensive financial analysis. Utilizing sentiment analysis, Named Entity Recognition (NER), and semantic textual similarity, we conducted an analytical examination of news articles to extract, map, and visualize financial event timelines, uncovering the correlation between news events and stock market trends. Our method demonstrated a meaningful correlation between stock price movements and cross-linguistic news sentiments, validated by processing two-year cross-lingual news data on two prominent sectors of the Pakistan Stock Exchange. This study offers significant insights into key events, ensuring a substantial decision margin for investors through effective visualization and providing optimal investment opportunities.

This research investigates whether OpenAI's GPT-4, a state-of-the-art large language model, can accurately classify the political bias of news sources based solely on their URLs. Given the subjective nature of political labels, third-party bias ratings like those from Ad Fontes Media, AllSides, and Media Bias/Fact Check (MBFC) are often used in research to analyze news source diversity. This study aims to determine if GPT-4 can replicate these human ratings on a seven-degree scale ("far-left" to "far-right"). The analysis compares GPT-4's classifications against MBFC's, and controls for website popularity using Open PageRank scores. Findings reveal a high correlation ($\text{Spearman's } \rho = .89$, $n = 5,877$, $p < 0.001$) between GPT-4's and MBFC's ratings, indicating the model's potential reliability. However, GPT-4 abstained from classifying approximately $\frac{2}{3}$ of the dataset, particularly less popular and less biased sources. The study also identifies a slight leftward skew in GPT-4's classifications compared to MBFC's. The analysis suggests that while GPT-4 can be a scalable, cost-effective tool for political bias classification of news websites, but its use should complement human judgment to mitigate biases. Further research is recommended to explore the model's performance across different settings, languages, and additional datasets.

The prevalence of fake news across various online sources has had a significant influence on the public. Existing Chinese fake news detection datasets are limited to news sourced solely from Weibo. However, fake news originating from multiple sources exhibits diversity in various aspects, including its content and social context. Methods trained on purely one single news source can hardly be applicable to real-world scenarios. Our pilot experiment demonstrates that the F1 score of the state-of-the-art method that learns from a large Chinese fake news detection dataset, Weibo-21, drops significantly from 0.943 to 0.470 when the test data is changed to multi-source news data, failing to identify more than one-third of the multi-source fake news. To address this limitation, we constructed the first multi-source benchmark dataset for Chinese fake news detection, termed MCFEND, which is composed of news we collected from diverse sources such as social platforms, messaging apps, and traditional online news outlets. Notably, such news has been fact-checked by 14 authoritative fact-checking agencies worldwide. In addition, various existing Chinese fake news detection methods are thoroughly evaluated on our proposed dataset in cross-source, multi-source, and unseen source ways. MCFEND, as a benchmark dataset, aims to advance Chinese fake news detection approaches in real-world scenarios.

Large language models (LLMs), including ChatGPT, can extract profitable trading signals from the sentiment in news text. However, backtesting such strategies poses a challenge because LLMs are trained on many years of data, and backtesting produces biased results if the training and backtesting periods overlap. This bias can take two forms: a look-ahead bias, in which the LLM may have specific knowledge of the stock returns that followed a news article, and a distraction effect, in which general knowledge of the companies named interferes with the measurement of a text's sentiment. We investigate these sources of bias through trading strategies driven by the sentiment of financial news headlines. We compare trading performance based on the original headlines with de-biased strategies in which we remove the relevant company's identifiers from the text. In-sample (within the LLM training window), we find, surprisingly, that the anonymized headlines outperform, indicating that the distraction effect has a greater impact than look-ahead bias. This tendency is particularly strong for larger companies--companies about which we expect an LLM to have greater general knowledge. Out-of-sample, look-ahead bias is not a concern but distraction remains possible. Our proposed anonymization procedure is therefore potentially useful in out-of-sample implementation, as well as for de-biased backtesting.

We present the Newspaper Bias Dataset (NewB), a text corpus of more than 200,000 sentences from eleven news sources regarding Donald Trump. While previous datasets have labeled sentences as either liberal or conservative, NewB covers the political views of eleven popular media sources, capturing more nuanced political viewpoints than a traditional binary classification system does. We train two state-of-the-art deep learning models to predict the news source of a given sentence from eleven newspapers and find that a recurrent neural network achieved top-1, top-3, and top-5 accuracies of 33.3%, 61.4%, and 77.6%, respectively, significantly outperforming a baseline logistic regression model's accuracies of 18.3%, 42.6%, and 60.8%. Using the news source label of sentences, we analyze the top n-grams with our model to gain meaningful insight into the portrayal of Trump by media sources.We hope that the public release of our dataset will encourage further research in using natural language processing to analyze more complex political biases. Our dataset is posted at https://github.com/JerryWeiAI/NewB .

Social world knowledge is a key ingredient in effective communication and information processing by humans and machines alike. As of today, there exist many knowledge bases that represent factual world knowledge. Yet, there is no resource that is designed to capture social aspects of world knowledge. We believe that this work makes an important step towards the formulation and construction of such a resource. We introduce SocialVec, a general framework for eliciting low-dimensional entity embeddings from the social contexts in which they occur in social networks. In this framework, entities correspond to highly popular accounts which invoke general interest. We assume that entities that individual users tend to co-follow are socially related, and use this definition of social context to learn the entity embeddings. Similar to word embeddings which facilitate tasks that involve text semantics, we expect the learned social entity embeddings to benefit multiple tasks of social flavor. In this work, we elicited the social embeddings of roughly 200K entities from a sample of 1.3M Twitter users and the accounts that they follow. We employ and gauge the resulting embeddings on two tasks of social importance. First, we assess the political bias of news sources in terms of entity similarity in the social embedding space. Second, we predict the personal traits of individual Twitter users based on the social embeddings of entities that they follow. In both cases, we show advantageous or competitive performance using our approach compared with task-specific baselines. We further show that existing entity embedding schemes, which are fact-based, fail to capture social aspects of knowledge. We make the learned social entity embeddings available to the research community to support further exploration of social world knowledge and its applications.

News sources undergo the process of selecting newsworthy information when covering a certain topic. The process inevitably exhibits selection biases, i.e. news sources' typical patterns of choosing what information to include in news coverage, due to their agenda differences. To understand the magnitude and implications of selection biases, one must first discover (1) on what topics do sources typically have diverging definitions of "newsworthy" information, and (2) do the content selection patterns correlate with certain attributes of the news sources, e.g. ideological leaning, etc. The goal of the paper is to investigate and discuss the challenges of building scalable NLP systems for discovering patterns of media selection biases directly from news content in massive-scale news corpora, without relying on labeled data. To facilitate research in this domain, we propose and study a conceptual framework, where we compare how sources typically mention certain controversial entities, and use such as indicators for the sources' content selection preferences. We empirically show the capabilities of the framework through a case study on NELA-2020, a corpus of 1.8M news articles in English from 519 news sources worldwide. We demonstrate an unsupervised representation learning method to capture the selection preferences for how sources typically mention controversial entities. Our experiments show that that distributional divergence of such representations, when studied collectively across entities and news sources, serve as good indicators for an individual source's ideological leaning. We hope our findings will provide insights for future research on media selection biases.