John Micklethwait, Editor-in-chief of Bloomberg, delivers the prestigious James Cameron Memorial Lecture at City St George’s, University of London.

By Eve Lacroix (Senior Communications Officer), Published

“There is a future for journalism, but it will look different,” said John Micklethwait, Editor-in-chief of Bloomberg last week at City St George’s, University of London.

He delivered the James Cameron Memorial Lecture on the future of quality journalism in the age of AI. Prior to overseeing the editorial direction of Bloomberg, John spent 25 years at The Economist.

The lecture series, which has been running since 1987, commemorates the late foreign correspondent whose work included reporting on the Bikini Atoll nuclear experiments, on the Vietnam War, and on the death of King George VI.

Dr Glenda Cooper, Head of the Journalism Department at City St George’s, moderated the talk. She said:

The James Cameron lecture is one of the highlights in our calendar and has been given by some of the biggest names in journalism in its 37 year history.

Traditionally it tackles the key issues facing the media  – and one of the biggest at the moment is the profound impact AI is having on the news ecosystem. So we were delighted that John Micklethwait chose this as his subject.

An image of Dr Glenda Cooper, wearing a dress and smiling to camera, standing next to John Micklethwait, wearing a suit and smiling to camera. They are standing in front of rows of empty red seats.
Dr Glenda Cooper and John Micklethwait

The big three concerns for journalism: political, commercial and technological

Discussing AI in journalism, John said:

Journalists are by nature a pessimistic crowd. I would like to make the case for paranoid optimism about the future of quality journalism in the face of AI.

Paranoia: because so much can go wrong.

Optimism: because journalism can cope with this tech as long as it sticks to the principles that governed the late journalists James Cameron and Marjorie Deane.

John argued that the field of journalism faces threats that are political, commercial and technological.

Press freedom is a growing political concern, with crackdowns happening worldwide.  He pointed to numerous global examples where journalists and press freedom are plainly under attack.

Issues around what business models can support the field are ongoing. This can be seen with the number of newspapers shuttering each year – 22 local UK papers closed between 2022 and 2024 – and sales (or attempted sales) of newspapers, such as The Telegraph and The Observer.

John stands firmly in the camp of the subscription-based model of journalism in which some (or all) articles sit behind a paywall. He said:

It’s a virtuous cycle: make great content, use that to lure in new subscribers, use that money to make more good content.

This model gives you greater independence.

Predictions for the future of journalism

“AI is like having a team of infinite interns,” John said, quoting Bloomberg’s Data Journalism Lead Amanda Cox. “You don’t always trust their results but they keep getting better everyday.”

AI is already being used in Bloomberg’s newsroom including in investigative reporting. AI can speedily sift through large amounts of data to recognise patterns, so Bloomberg journalists used it to build an algorithm which investigated ships that are smuggling oil.

He believes AI will change journalists’ jobs rather than replacing them. He said:

Machines need humans to understand stories.

From numbers of serves to angles of shots, sports journalism is increasingly relying on stats, but presenters like Gary Lineker help us understand what it all means.

An AI summary of an article is only as good as the story its based on.

AI can’t write a column like John Authers or Matt Levine and it can't do an interview like Mishal Husain or Francine Lacqua.

Humans still get the story. You need people who know people. You don’t get scoops on a Zoom call.

AI can prompt ideas but commissioning a story remains a human skill.

Mishal Husain, one of the main presenters on BBC Radio 4’s Today programme, will be leaving the programme after a ten-year stint to join Bloomberg in 2025.

John warned that news personalisation will become more of a reality, which could have the dark side effect of isolating people into “opinion ghettos”.

He also estimated that breaking news could be felt in financial markets within five seconds, but with the advent of AI would be felt immediately.

Regulation is on the way

John believes regulation is on its way. He said:

For politicians everywhere, AI is getting too intrusive.

America innovates, China replicates, and Europe regulates. The UK is somewhere in the middle and can be a neutral place for rule setting on cyber warfare and child protection.

Rules like Section 230 mean tech giants are as responsible as telephone companies – responsible for the wires but not what is shared on them – but this argument is becoming threadbare.

What happens when kids fall in love with AI? Regulation is coming.

John concluded the lecture, saying:

‘The world that James Cameron and Marjorie Deane worked in was very different to ours. But I think the same fundamentals apply, the same eternal verities.

As long as we focus on original reporting, on writing stories that people in power don’t want us to publish or that tell us something new about the world, and that without fear, favour or bias, we will do well.

The Journalism Department’s strong links to industry

MA in Global Finance Journalism students benefit from City St George’s strong links with Bloomberg and with The Economist.

Students have access to Bloomberg’s market terminals in the library on campus and can take the popular Bloomberg Markets Concepts module.

The Marjorie Deane Foundation, which is based at The Economist, provides a scholarship to one home student and one international student on the programme per year, as well as the chance for students to apply to internships at The Economist and the Financial Times.

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