Tech

TikTok will be included in government’s News Media Bargaining Code

Published

3 months ago

January 22, 2024

The Australian government has expressed its intention to consider including TikTok in the revised News Media Bargaining Code, alongside tech giants Google and Meta.

Assistant Treasurer Stephen Jones revealed the government’s stance, suggesting that TikTok should be encompassed within the code, which mandates tech giants to financially support Australia’s news media.

“TikTok is carrying media but is not included. I believe TikTok should be included. That’s the obvious move at this moment,” Jones stated in an interview with The Australian.

The News Media Bargaining Code, introduced in February 2021, obliges technology giants like Google and Meta to make payments for utilizing content produced by news organizations.

The primary objective of this code is to address the prevailing imbalance between foreign tech giants and smaller media entities.

Jones emphasised that, despite the fact that Google and Meta have already entered into over 30 commercial agreements following the code’s implementation, there are numerous other social media platforms that continue to utilize news media content without financial compensation.

Employ government powers

Furthermore, Jones asserted that while tech companies and social media platforms are expected to engage in good faith negotiations for new commercial agreements, the government possesses the authority to employ its powers under the code, and it is not hesitant to do so when necessary.

In response to these developments, TikTok declined to provide a comment.

This announcement follows Nine Entertainment’s CEO, Mike Sneesby, advocating for the consideration of video content in the renegotiation of news media bargaining code deals.

This request came after Facebook and Instagram demonstrated an increased focus on video content within their platforms.

Speaking at Nine’s Annual General Meeting (AGM) in the previous year, Sneesby pointed out the significant rise in the utilisation of video content, encompassing news, sports, and entertainment-related content, on Facebook and Instagram’s Reels platforms.

Shows

Is GenerativeAI transforming education?

Published

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Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.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

News

How AI is leveraging Amazon’s fast production

Published

2 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.

Tech

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.