Internet

YouTube will invest $25m to crack down on fake news

YouTube will invest $25m to crack down on fake news

Cyber Security, Internet
Google's YouTube says it is taking several steps to ensure the veracity of news on its service by cracking down on misinformation and supporting news organizations. The company is joining its parent company Google, as well as Facebook and Apple, in campaigns to stem fake news ahead of the US midterm elections. The company said on Monday it will make "authoritative" news sources more prominent, especially in the wake of breaking news events when misinformation can spread quickly. YouTube also said it will commit $25 million over the next several years to improving news on YouTube and tackling "emerging challenges" such as misinformation. That sum includes funding to help news organizations around the world build "sustainable video operations," such as by training staff and improving prod...
Bridging digital divide through analogue technology

Bridging digital divide through analogue technology

Internet, Technology
A study funded by the UK Economic and Social Research Council and the Department for International Development found that some young people in Africa are using smartphones successfully to access or create employment. The use of internet has also become almost indispensable in economics, politics and development in the world. These technological inventions have spawned myriad opportunities that have transformed livelihoods and vastly improved services across the globe. In addition, digital revolution has brought immediate private benefits, easier communication and access of information. This has consequently shattered barriers to international trade and interactions, creating a more connected global community. According to a World Bank report, the number o...
African Accelerators increasingly targeting niche programmes

African Accelerators increasingly targeting niche programmes

Business, Internet
Accelerator programmes in Africa are increasingly going niche, targeting specific programmes targeted at startups in spaces such as fintech and health, instead of following the more traditional 500 Startups, Y Combinator, or, in Africa, 88mph models. But why are niche programmes suddenly so in vogue on the continent? Has the landscape changed since 88mph departed the scene after programmes in Kenya, South Africa and Nigeria that had mixed success? Do we yet know the real ingredients for a successful African accelerator? Adedana Ashebir is regional manager for Africa at Village Capital, which has run a host of focused accelerators across the continent, most recently a fintech programme with PayPal. She said niche accelerators allow entrepreneurs to share best practices and lessons lea...
U.S. DoJ launches criminal probe into bitcoin price manipulation – Bloomberg

U.S. DoJ launches criminal probe into bitcoin price manipulation – Bloomberg

Cyber Security, Internet, Mobile
(Reuters) - The U.S. Department of Justice has launched a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, Bloomberg reported on Thursday. The investigation concerns illegal practices that can influence prices such as spoofing, or flooding the market with fake orders to trick other traders, Bloomberg said, citing four people familiar with the matter. Federal prosecutors are working with the Commodity Futures Trading Commission (CFTC), the report added. Neither the Justice Department nor the CFTC were immediately available for comment.
Facebook makes a u-turn, European Parliament grilling of Mark Zuckerberg will now belivestreamed

Facebook makes a u-turn, European Parliament grilling of Mark Zuckerberg will now belivestreamed

Governance, Internet
In a change of plan, the public will now be able to livestream and watch  Mark Zuckerberg's response to European Parliament leaders' privacy concerns. The body's president, Antonio Tajani, has tweeted that tomorrow's 75-minute meeting would be livestreamed. Earlier, news that the Facebook chief's meeting with the parliament's political group leaders would be in private, had been criticised. Facebook has repeatedly declined to allow British MPs to quiz Mr Zuckerberg about the Cambridge Analytica scandal, in which millions of users' personal data was shared with a political consultancy in breach of the social network's rules. "The data breach affected over one million UK Facebook users," tweeted Damian Collins - chairman of the Digital, Culture, Media and Sport Select Committee - over