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No perfect solution for fake news: Twitter CEO

coastaldigest.com news network
November 13, 2018

New Delhi, Nov 13: Jack Dorsey, the CEO and co-founder of Twitter has said there has been no perfect solution to deal with the problem of “fake news” and “misinformation” on social media in the context of the upcoming general election.

Speaking at an event in IIT-Delhi, he likened the problem to that of security and said that even the best lock can be broken and the challenge was to keep building better locks.

Responding to a question about the preparedness of social networking giants to curb the spread of fake news ahead of elections in India, Dorsey said companies need to narrow down the real and critical problem on misinformation.

He said that the company’s job is to prevent users from taking action based on misinformation. For instance, a joke can also be misinformation. Therefore it is important to understand the context, he explained.

Describing the issue as a “multi-variable problem”, Dorsey said we need to build a better mechanism to stay ahead of those spreading misinformation on the social networking platform.

He also said that Artificial Intelligence may help build a solution which may be near perfect.

Dorsey’s comments come after Twitter took down more than removed 10 million tweets from accounts suspected to be linked with misinformation campaigns.

These datasets included more than 3,800 accounts related to the IRA, originating in Russia and some 770 accounts from Iran. The datasets included 2 million photos, videos and even Periscope broadcasts. The company has also been purging accounts involved in spreading fake news and rumours.

Appearing before a senate committee in the US, Dorsey acknowledged that the micro-blogging platform was “underprepared and ill-equipped” for misuse of social media. He said that Twitter was built to function as a “public square” but failed address the problem of “abuse, harassment, troll armies, propaganda through bots.”

“We aren’t proud of how that free and open exchange has been weaponised and used to distract and divide people, and our nation,” he told senators. “We found ourselves unprepared and ill-equipped for the immensity of the problems we’ve acknowledged.”

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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Agencies
August 7,2020

New Delhi, Aug 7 : Congress leader Rahul Gandhi on Friday slammed the Central government as India crossed the 20 lakh COVID-19 positive cases.

Taking to Twitter, the Congress leader reiterated his earlier tweet, sent out on July 17, which stated "The 10,00,000-mark has been crossed.

With the rapid spread of COVID-19, by August 10, more than 20,00,000 will be infected in the country. 

The government must take concrete, planned steps to stop the epidemic."
"20 lakh-mark has been crossed, Modi government is missing," the Congress leader tweeted today.

The Union Health Ministry has said active cases as a percentage of total cases have seen a significant drop from 34.17 per cent on July 24 to 30.31 per cent.

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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