European legislation to crackdown on Google and Meta misinformation

Published

2 years ago

April 25, 2022

Tech companies will have to explain their algorithms under a new EU legislation.

The ‘Digital Services Act’ forces companies like Google and Meta to remove illegal content quicker, explain how their algorithms work, and crackdown on misinformation.

Companies face fines of up to six per cent of their annual turnover if they do not comply with the new laws.

Ursula von der Leyen is the President of the European Commission, who says that illegal offline, should also be illegal online.

“Today’s agreement on the Digital Services Act is historic, both in terms of speed and of substance. The greater the size, the greater the responsibilities of online platforms.”
URSULA VON DER LEYEN

The law allows users to flag content that falls short of expectations, and for platforms to cooperate with so-called “trusted flaggers”.

Although the law only applies to EU citizens, it is set to send shockwaves around the world.

Tech companies are expected to decide if it’s cost-effective to have a worldwide strategy based on the EU law.

Is GenerativeAI transforming education?

Published

3 days ago

May 3, 2024

ticker NEWS

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

How AI is leveraging Amazon’s fast production

Published

4 days ago

May 2, 2024

Nathan Langridge

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.