Ford 2Q profit surges on strong revenue, earnings per share top estimates
Ford Motor Co.’s second-quarter profit surged to nearly three times more than a year ago to $1.92 billion on stronger revenue and sales
2023-07-28 04:23
InterAx Biotech Announces the Appointment of Seasoned Pharmaceutical Executive, Mark Levick, MD, Ph.D. as New Board Director
ZURICH--(BUSINESS WIRE)--Oct 3, 2023--
2023-10-03 20:57
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
Japan's Simplex launches first ETFs focused on stocks below book value
By Junko Fujita TOKYO Japan's Simplex Asset Management said it will launch exchange-traded funds focused on undervalued stocks,
2023-08-30 16:23
Strike-hit German stunt performers train kids during filming freeze
Ten-year-old Nathaniel squeezes his eyes shut, straightens his back and sucks in his breath as he plunges backward from the reinforced steel...
2023-08-30 13:15
Microsoft fights $29 bn US back tax claim
The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in...
2023-10-12 06:26
China Protests to UK as Plans for a Super Embassy Near Collapse
China has accused the British government of failing to meet its diplomatic obligations, after a plan to relocate
2023-08-10 15:27
BoE's Bailey says 'big lessons' to be learned from inflation surge
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the central bank had "very big lessons to learn",
2023-05-23 18:52
Republican US House Speaker Candidates Scalise, Jordan to Debate on Fox
The major candidates to succeed Kevin McCarthy as US House Speaker will debate Monday on Fox News, an
2023-10-06 22:52
Mexican peso hits 7-1/2 year high vs dollar
MEXICO CITY Mexico's peso on Friday hit its highest level against the dollar since December 2015, as the
2023-07-28 23:59
GM recalls more vehicles with Takata air bag inflators that could explode
General Motors said Tuesday is recalling almost 900 vehicles worldwide because the Takata-made air bag inflator may explode, potentially striking drivers and passengers with sharp metal fragments.
2023-08-02 04:54
Santos avoids prosecution in deal with Brazilian authorities in fraud case
US Rep. George Santos has signed a deal with Brazilian authorities to avoid prosecution in lieu of a confession, reimbursement for the victim and a fine to the state stemming from a 2008 fraud case, his attorney said.
2023-05-12 03:50
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