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US SEC poised to ban deceptive ESG, 'growth' fund labels
US SEC poised to ban deceptive ESG, 'growth' fund labels
WASHINGTON Wall Street's top regulator on Wednesday is set to approve rule changes aimed at banning the deceptive
2023-09-20 22:16
American industrial icon US Steel is on the verge of being absorbed as industry consolidates further
American industrial icon US Steel is on the verge of being absorbed as industry consolidates further
United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings
2023-08-16 04:47
Fanta Releases Mystery Flavor for Halloween That Turns Your Mouth Black
Fanta Releases Mystery Flavor for Halloween That Turns Your Mouth Black
The limited-edition soda from Fanta comes with a spooky side effect.
2023-09-09 04:24
Dubai Restarts Privatizations After a Year With Planned Taxi IPO
Dubai Restarts Privatizations After a Year With Planned Taxi IPO
Dubai kickstarted its privatization program after a one-year hiatus with the planned initial public offering of its taxi
2023-11-13 12:57
Amazon using AI to crack down on fake review ‘brokers’
Amazon using AI to crack down on fake review ‘brokers’
E-commerce giant Amazon has said it uses artificial intelligence systems to prevent fake reviews on the platform that can intentionally mislead customers. While the company already uses machine learning models to detect risks such as links to other accounts, sign-in activity, review history, and other indications of unusual behavior that point to fake reviews, the tech giant said on Tuesday that is further investing in sophisticated fraud-detection tools. Using several such methods, the company said it “proactively blocked over 200 million suspected fake reviews” from its stores in 2022. “We will continue to build sophisticated tools that protect customers, our selling partners, and our store from bad actors that attempt to profit by proliferating fake reviews globally,” Amazon said. In the new statement, the e-commerce giant warned of the emergence of an illicit industry of “fake review brokers,” who approach consumers via social media channels, and messaging services, soliciting them to write fake reviews in exchange for money or other incentives. These brokers, according to Amazon, portray themselves as legitimate businesses with networks of hundreds of employees stationed worldwide. So far, it has taken legal action against over 90 such bad actors around the world who facilitated fake reviews and sued more than 10,000 Facebook group administrators who attempted to put fake reviews. It also reported over 23,000 abusive social media groups, with over 46 million members and followers, that facilitated fake reviews in 2022, the company added. These high-volume fake review brokers a “global problem” impacting multiple industries, according to Amazon, which called on the private sector, consumer groups, and governments to work together to stop fake review brokers. “Through cross-industry sharing – including information on bad actors’ tactics and techniques, who they are targeting, the services they provide, and how they operate – we can more effectively shut down these schemes, thereby protecting more consumers across different industries,” the company said. In countries that already have laws against soliciting fake reviews, it said regulators could do more to use their authority to take action against fake review brokers. “We also support greater funding for law enforcement to build further technical expertise to investigate and take down these brokers,” the multibillion-dollar conglomerate said. “Amazon will continue to protect our stores from fake reviews by investing in proactive tools to detect and stop fake reviews from impacting a customer’s buying decision,” it added. Read More Revealed: The delivery apps charging you double for your food shop Amazon staff spied on women private through Ring cameras, officials say ‘Last Beatles record’ was created using AI, says Paul McCartney Best Amazon deals and offers to buy now, from air fryers to Apple watches Jeff Bezos mocked for spending $4k on bottle of ‘engagement wine’ worth just $650 Elon Musk is once again world’s richest person
2023-06-13 17:46
FTC Judge Decides Intuit Misled Customers With ‘Free’ TurboTax Ads
FTC Judge Decides Intuit Misled Customers With ‘Free’ TurboTax Ads
The FTC ruled this week that Intuit did in fact decide customers with its ads
2023-09-10 02:29
Stock markets mixed as traders await US debt ceiling vote
Stock markets mixed as traders await US debt ceiling vote
Stock markets were mixed on Tuesday, with heavy falls in Europe and muted trading in New York following an agreement to suspend the US debt...
2023-05-31 05:25
Supreme Court Rejects Use of Race in University Admissions
Supreme Court Rejects Use of Race in University Admissions
The US Supreme Court effectively barred universities from using race as a factor in university admissions, marking the
2023-06-29 22:53
Argentina Holds Key Primary Election With Markets on Edge
Argentina Holds Key Primary Election With Markets on Edge
Argentines begin casting ballots Sunday in a critical primary election that will provide a key barometer of expectations
2023-08-13 21:21
China Considers Charging Users to Compensate Utilities for Building Coal Plants
China Considers Charging Users to Compensate Utilities for Building Coal Plants
China is considering compensating utilities for all the coal-fired power they’ve built, including plants that are likely to
2023-09-26 11:46
Bankman-Fried to testify at his US crypto trial
Bankman-Fried to testify at his US crypto trial
Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, plans to make another high-stakes gamble and testify in his own defense...
2023-10-26 22:22
Small aerospace suppliers press for better protections against rising costs
Small aerospace suppliers press for better protections against rising costs
By Allison Lampert, Abhijith Ganapavaram and Valerie Insinna MONTREAL/WASHINGTON The CEO of Canadian aerospace supplier Abipa International would
2023-05-12 18:15