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Musk Denies Reviving Ye on Twitter

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Musk Denies Reviving Ye on Twitter

ON FRIDAY, Twitter CEO Elon Musk stated that he had no involvement in restoring Ye, aka Kanye West’s account, which was terminated earlier this month for making anti-Semitic slurs.

The billionaire stated that Twitter had restored the rapper’s account, now known as Ye, before completing the social media platform’s $44 billion buyout late Thursday. “They did not consult with or notify me,” Musk tweeted.

Ye, who has over 30 million Twitter followers, has recently courted controversy by publicly terminating big corporate alliances and launching social media outbursts against other celebrities.

Musk wrote, “Welcome back to Twitter, my friend!” on Oct. 8 after Ye posted on the network for the first time in two years after his Instagram account was suspended for anti-Semitic tweets. Twitter later suspended his account and deleted one of his tweets.

Musk took control of Twitter ruthlessly on Thursday, sacking key executives but providing little insight on how he plans to fulfill the lofty goals he has set for the popular social media network. more info

Musk, on the other hand, announced on Friday that Twitter will form a content moderation group with “widely different opinions.”

“There will be no big content choices or account reinstatement before that council convenes,” he stressed.

Earlier last month, Ye decided to buy Parler, a social networking platform popular among conservatives in the United States.

twitter

“The Bird is Freed”

Meanwhile, Musk has promised to protect all forms of free expression but has also struck a more conciliatory tone with world leaders seeking to reign in Big Tech, alarming activists and former Twitter executives.

Three hours after Musk announced success with the tweet, “The bird is released,” European Commissioner Thierry Breton retorted, “In Europe, the bird flies by our laws.”

He reshared a May video in which he said on Twitter that he agreed with the European Union’s new digital media regulation, which will force Big Tech to do more to combat illegal content or face fines of up to 6% of global revenue in one of the world’s most severe approaches to regulating content online.

On Friday, regulators in India reminded Musk of the rule of law. “Regardless of who owns the platforms, our norms and legislation for intermediaries remain the same,” said Rajeev Chandrasekhar, India’s minister of state for electronics and information technology.

For years, Twitter has fought a “complex war” with the government to safeguard free expression online, and this battle would be jeopardized with Musk in charge, according to former Twitter board member Jason Goldman.

According to Goldman, Tesla’s booming business in China, which made $14 billion last year, might put Twitter at risk.

“It’s quite frightening that he’ll be the one liaising with the Chinese government and potentially passing over information on users,” he added.

He added that Twitter has professionals who assess government data demands, but Musk has displayed disrespect for these experts.

“Whether or not (former US President Donald) Trump returns, I think that’s a parlour game,” Goldman remarked. “What will happen is that a dissident’s IP address will be dropped on the floor.”

According to current and former employees who talked with Reuters, Musk’s ambitions to reduce the guard rails prevalent on all social media platforms would result in a flood of vile, damaging, and potentially illegal content on Twitter. It has already struggled to identify and remove child porn. more info

Employees believe that members of Twitter’s trust and safety team, which includes content moderators, will be among Musk’s largest job cutbacks.

“Imagine a world without all those people,” one employee stated. “This is going to be a hellscape.”

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Advertisers on Twitter

On the night of the deal’s expected closure, he tweeted an open letter to advertisers: “Twitter can’t possibly become a free-for-all hellscape where everything goes with no consequences!

… Twitter strives to be the most trusted advertising platform in the world, strengthening your brand and expanding your business.”

They cite Musk’s proposal to restore Trump’s account as a key hurdle to investing in Twitter.

After the attack on the United States Capitol on January 6, 2021, Twitter suspended Trump indefinitely due to the potential of additional inciting of violence.

Welcoming Trump back might alienate moderate and liberal-leaning users, driving away large household brands that try to promote products and appeal to people across the political spectrum, according to Mark DiMassimo, CEO of ad agency DiMassimo Goldstein.

Some ad agencies and businesses were already dubious and anxious about Twitter’s future during a presentation for advertisers in May.

Musk cannot afford to provoke a backlash from a group that produces 90% of Twitter’s revenue unless he finds new sources of money.

twitter musk x app

Musk’s largest gamble is based on one of China’s biggest hits from the 2010s. “Buying Twitter accelerates the development of X, the everything app,” Musk tweeted earlier this month.

The concept of an all-in-one app, sometimes known as a super app, began in Asia with companies such as WeChat, allowing users to send messages and make payments, buy online, and hail a cab. The all-in-one service gave consumers few options in a location where Google, Facebook, and other services were restricted.

According to a source briefed on the topic, Musk has told investors that he aims to construct one that will sell premium subscriptions to lessen dependency on adverts, allow content creators to make money, and enable payments.

There are no super-apps in the United States since the cost of entry is high, and there are many other app options, according to Scott Galloway, co-host of the tech podcast Pivot and a marketing professor at New York University.

Galloway believes that Apple Inc and Alphabet Inc’s Google, which dominate the app stores on iPhones and Android phones, regard themselves as super apps and would unlikely allow other super apps to develop. As an illustration of a barrier to entry, consider Apple’s recent rejection of Spotify’s intention to offer audiobooks.

Goldman said payments, which normally need identification verification, might complicate a site that has allowed anonymity to grow, making Twitter a strong instrument for political activism in dangerous situations.

“(Super applications) are not conceivable at this stage of mobile internet evolution,” he continued.

Source: Reuters

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OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

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DUBAI, UAE — The CEO of ChatGPT-maker OpenAI stated on Tuesday that the hazards that keep him awake at night about artificial intelligence are the “very subtle societal misalignments” that might cause the systems to wreak havoc.

Sam Altman, addressing via video call from the World Governments Summit in Dubai, reaffirmed his proposal to establish an organization similar to the International Atomic Energy Agency to monitor AI, which is expected to advance faster than the world expects.

openai

OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

“There are some elements in there that make it easy to imagine what may go wrong. And I’m not particularly interested in the killer robots walking down the street causing things to go wrong,” Altman remarked. “I’m much more interested in the very subtle societal misalignments where we just have these systems out in society and through no particular ill intention, things just go horribly wrong.”

However, Altman emphasized that the AI sector, including OpenAI, should not be responsible for developing industry laws.

“We are still in the middle of a lot of discussions. So, you know, everyone in the world is holding a conference. “Everyone has an idea, a policy paper, and that’s fine,” Altman explained. “I think we’re still at a time where debate is needed and healthy, but at some point in the next few years, we have to move towards an action plan with real buy-in around the world.”

OpenAI, a San Francisco-based artificial intelligence startup, is a leader in the industry. Microsoft has invested billions of dollars in OpenAI. The Associated Press has reached a partnership with OpenAI to grant them access to its news archive. Meanwhile, The New York Times sued OpenAI and Microsoft for using its content without permission to train OpenAI’s chatbots.

openai

OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

Altman’s success with OpenAI has made him the public face of generative AI’s rapid commercialization and anxieties about what the new technology may bring.

The UAE, an authoritarian federation of seven hereditary sheikhdoms, shows evidence of this risk. Speech remains strictly regulated. These constraints impact the flow of reliable information — the same details that AI programmes like ChatGPT employ as machine-learning systems to deliver user replies.

The Emirates also boasts the Abu Dhabi corporation G42, led by the country’s strong national security adviser. Experts believe G42 has the world’s leading Arabic-language artificial intelligence model. The corporation has been accused of spying due to its involvement with a mobile phone app identified as spyware. It has also faced allegations that it secretly collected genetic material from Americans for the Chinese government.

Due to American concerns, G42 has announced that it will break connections with Chinese suppliers. However, the conversation with Altman, hosted by the UAE’s Minister of State for Artificial Intelligence, Omar al-Olama, addressed none of the local issues.

openai

OpenAI CEO Warns That ‘Societal Misalignments’ Could Make Artificial Intelligence Dangerous

Altman, for his part, said he was encouraged to see schools embrace AI as critical for the future, despite teachers’ fears that pupils might use it to compose papers. However, he stressed that artificial intelligence is still in its early stages.

“I think the reason is the current technology that we have is like… that very first mobile with a black-and-white screen,” said Altman. “So, give us some time. But, in a few more years, I believe it will be far better than it is now. And in a decade, it should be rather extraordinary.”

SOURCE – (AP)

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Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

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LONDON — Amazon cancelled its acquisition of robot vacuum firm iRobot on Monday, citing “undue and disproportionate regulatory hurdles” after the European Union opposed the transaction.

The firms announced in a joint statement that they were disappointed but agreed to end the acquisition. The merger drew antitrust attention on both sides of the Atlantic, especially in Europe, where authorities investigating competition issues were scheduled to make a final decision by February 14.

Amazon said that in 2022, it would buy iRobot, the producer of the circular-shaped Roomba vacuum, for $1.7 billion cash. However, the deal’s value decreased by 15% after iRobot took on extra debt.

Amazon will pay the Bedford, Massachusetts-based business a previously agreed-upon termination fee of $94 million, iRobot said in a separate release, which also revealed that it would lay off around 31% of its workforce and fire its CEO.

ring

Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

The European Commission, the European Union’s executive arm and top antitrust watchdog warned Amazon last year of its “preliminary view” that the iRobot acquisition would reduce industry competition.

While British antitrust regulators cleared the deal in June, the Federal Trade Commission in the United States continued investigating.

The European Commission waited to respond to a request for comment. It was concerned that Amazon would minimise the exposure of an iRobot competitor’s product or restrict access to certain labels, such as “Amazon’s Choice,” which could draw more customers.

Last year, the commission said that Amazon may have discovered ways to boost the expenses for iRobot’s competitors to advertise and sell their products on its platform.

Amazon’s chief counsel, David Zapolsky, slammed authorities, saying consumers would miss out on “faster innovation and more competitive prices.”

“Mergers and acquisitions like this help companies like iRobot better compete in the global marketplace, particularly against companies, and from countries, that aren’t subject to the same regulatory requirements in fast-moving technology segments like robotics,” he added.

ring

Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

He also pointed out that “undue and disproportionate regulatory hurdles discourage entrepreneurs, who should be able to see acquisition as one path to success, and that hurts both consumers and competition— the very things that regulators say they’re trying to protect.”

Now that the purchase has been called off, iRobot has announced a restructuring strategy to stabilise the company. The corporation plans to lay off approximately 350 people as part of these reforms.

Colin Angle, iRobot’s chairman and CEO, will also step down. Glen Weinstein, the company’s executive vice president and chief legal officer, will become interim CEO.

Consumer rights groups had expressed worries about the Amazon-iRobot merger, claiming it would increase the ecommerce giant’s domination in the smart home industry.

Amazon has previously acquired several smart home firms, including Blink, Ring, and Eero, a mesh-networking Wi-Fi company.

ring

Amazon’s Ring To Shutter Video-Sharing Program Popular With Police

This is the latest example of a partnership between US corporations that failed after being scrutinised by European regulators.

Adobe abandoned its $20 billion acquisition of online design business Figma last year due to antitrust concerns raised by the EU and the UK. After losing legal battles with antitrust officials in Europe and the United States, biotech giant Illumina was forced to cancel its $7.1 billion acquisition of cancer-screening business Grail.

SOURCE – (CNN)

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AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

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amazon

LONDON — Amazon cancelled its acquisition of robot vacuum firm iRobot on Monday, citing “undue and disproportionate regulatory hurdles” after the European Union opposed the transaction.

The firms announced in a joint statement that they were disappointed but agreed to end the acquisition. The merger drew antitrust attention on both sides of the Atlantic, especially in Europe, where authorities investigating competition issues were scheduled to make a final decision by February 14.

Amazon said that in 2022, it would buy iRobot, the producer of the circular-shaped Roomba vacuum, for $1.7 billion cash. However, the deal’s value decreased by 15% after iRobot took on extra debt.

amazon

AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

Amazon will pay the Bedford, Massachusetts-based business a previously agreed-upon termination fee of $94 million, iRobot said in a separate release, which also revealed that it would lay off around 31% of its workforce and fire its CEO.

The European Commission, the European Union’s executive arm and top antitrust watchdog warned Amazon last year of its “preliminary view” that the iRobot acquisition would reduce industry competition.

While British antitrust regulators cleared the deal in June, the Federal Trade Commission in the United States continued investigating.

The European Commission waited to respond to a request for comment. It was concerned that Amazon would minimise the exposure of an iRobot competitor’s product or restrict access to certain labels, such as “Amazon’s Choice,” which could draw more customers.

Last year, the commission said that Amazon may have discovered ways to boost the expenses for iRobot’s competitors to advertise and sell their products on its platform.

amazon

AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

Amazon’s chief counsel, David Zapolsky, slammed authorities, saying consumers would miss out on “faster innovation and more competitive prices.”

“Mergers and acquisitions like this help companies like iRobot better compete in the global marketplace, particularly against companies, and from countries, that aren’t subject to the same regulatory requirements in fast-moving technology segments like robotics,” he added.

He also pointed out that “undue and disproportionate regulatory hurdles discourage entrepreneurs, who should be able to see acquisition as one path to success, and that hurts both consumers and competition— the very things that regulators say they’re trying to protect.”

Now that the purchase has been called off, iRobot has announced a restructuring strategy to stabilise the company. The corporation plans to lay off approximately 350 people as part of these reforms.

Colin Angle, iRobot’s chairman and CEO, will also step down. Glen Weinstein, the company’s executive vice president and chief legal officer, will become interim CEO.

Consumer rights groups had expressed worries about the Amazon-iRobot merger, claiming it would increase the ecommerce giant’s domination in the smart home industry.

amazon

AMAZON: Bid To Buy Roomba Maker IRobot Is Called Off Amid Pushback In Europe

Amazon has previously acquired several smart home firms, including Blink, Ring, and Eero, a mesh-networking Wi-Fi company.

This is the latest example of a partnership between US corporations that failed after being scrutinised by European regulators.

Adobe abandoned its $20 billion acquisition of online design business Figma last year due to antitrust concerns raised by the EU and the UK. After losing legal battles with antitrust officials in Europe and the United States, biotech giant Illumina was forced to cancel its $7.1 billion acquisition of cancer-screening business Grail.

SOURCE – (AP)

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