Synopsis This comes at a time when Twitter and Musk are trying to increase the revenue of the platform from different sources as advertising revenues continue to dwindle. ETtech Twitter CEO Elon Musk (Illustration: Rahul Awasthi) Twitter chief executive Elon Musk said the microblogging platform had crossed 8 billion user minutes per day. “This platform is growing fast! Just exceeded 8 billion user-minutes per day … of the most influential, smartest people on Earth,” Musk tweeted.
This platform is growing fast! Just exceeded 8 billion user-minutes per day … of the most influential, smartest people on Earth 😉 — Elon Musk (@elonmusk) 1679182308000 This comes at a time when Twitter and Musk are making efforts to shore up the revenue of the platform from different sources as advertising dollars continue to dwindle. Earlier this month, Musk said the messaging service makes about 5 or 6 cents per hour of attention from users and could raise that to 15 cents or more with advertisements that are more relevant and timely . Detecting manipulation Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Amid growing chatter about artificial intelligence, Twitter owner Elon Musk on Saturday announced that the micro-blogging platform will use AI to detect “manipulation of public opinion”.
“In the months ahead, we will use AI to detect & highlight manipulation of public opinion on this platform. Let’s see what the psy ops cat drags in …” Musk tweeted. In the months ahead, we will use AI to detect & highlight manipulation of public opinion on this platform.
Let’s s… https://t. co/vVelZ09xTN — Elon Musk (@elonmusk) 1679102081000 The announcement follows Twitter’s scrutiny over the lack of content moderation on the platform since the billionaire took over in October last year. Twitter has since executed several rounds of layoffs and is reportedly running on a skeleton staff, leaving it vulnerable to outages, disinformation, and harmful content.
Advertisers too have deserted Twitter, prompting Musk to look for other ways to monetise such as subscription-based services. Earlier this month, the Financial Times reported that European Union has directed Musk to hire more human moderators and fact-checkers to review posts on Twitter. Twitter has been leaning heavily on automation to moderate content, doing away with certain manual reviews.
The FT report said it does not employ fact checkers, unlike larger rivals Meta Platforms, which owns Facebook and Instagram. Meanwhile, Musk also announced that he will make public the long-secret algorithm for recommending tweets. Twitter will open source all the codes used to recommend tweets on March 31, Musk said in a tweet.
Twitter will open source all code used to recommend tweets on March 31st — Elon Musk (@elonmusk) 1679086899000 Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. click here! Sunday, 19 Mar, 2023 Experience Your Economic Times Newspaper, The Digital Way! Read Complete Print Edition » Front Page Pure Politics Bottom Line Deep Dive More UBS Seeks Backstop from Swiss Govt in Any Credit Suisse Deal UBS Group AG and Swiss officials are racing to put together a deal for the firm to take over battered rival Credit Suisse Group AG this weekend as they seek to navigate thorny issues such as a government backstop and the fate of the smaller firm’s investment bank. Covid Rears its Head as Flu Picks Up Four states Maharashtra, Kerala, Gujarat and Karnataka — account for most of the new infections.
A quick look at the latest Covid situation amid the seasonal flu spread. India Inc Goes About Biz as Viral Infections Surge Executives from companies in the edtech and consulting to FMCG and manufacturing sectors said they are watching the situation closely. But there has been no impact on operations so far.
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