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Swedish Economy Stagnates as Rate Hikes Weigh on Output
Swedish Economy Stagnates as Rate Hikes Weigh on Output
Sweden’s economy was stagnant last quarter, as rising borrowing costs and growing unemployment hurt spending in the Nordic
2023-10-30 17:23
Asia Stocks Set for Cautious Open; Oil Holds Gains: Markets Wrap
Asia Stocks Set for Cautious Open; Oil Holds Gains: Markets Wrap
Asian equities look set for a cautious open Wednesday as global markets gear up for a key inflation
2023-09-13 08:00
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
Soluna JumpStarts Ancillary Services Revenue
Soluna JumpStarts Ancillary Services Revenue
ALBANY, N.Y.--(BUSINESS WIRE)--Nov 29, 2023--
2023-11-29 21:25
HKTDC Food Expo PRO and Hong Kong International Tea Fair to be Staged Together in August
HKTDC Food Expo PRO and Hong Kong International Tea Fair to be Staged Together in August
HONG KONG--(BUSINESS WIRE)--Jun 26, 2023--
2023-06-27 09:15
Most Nations Aiming for Net-Zero Fail to Meet Targets, Study Shows
Most Nations Aiming for Net-Zero Fail to Meet Targets, Study Shows
A new scientific assessment of government commitments to eliminate greenhouse gas emissions found most lack credibility and would
2023-06-09 03:19
Rakuten to Issue New Shares to Raise Up to $2.2 Billion, Sources Say
Rakuten to Issue New Shares to Raise Up to $2.2 Billion, Sources Say
Rakuten Group Inc. plans to issue new shares to raise as much as ¥300 billion ($2.2 billion) to
2023-05-16 13:18
US agency fines Zipcar $150,000 for uncompleted recall rentals
US agency fines Zipcar $150,000 for uncompleted recall rentals
WASHINGTON U.S. auto safety regulators said Zipcar has agreed to pay a $150,000 fine after a government investigation
2023-10-17 02:51
More cash, fewer bonds: How corporate America can prepare for a US default
More cash, fewer bonds: How corporate America can prepare for a US default
The White House and congressional Republicans have yet to reach a debt ceiling deal, and a US default looms. Business owners, and the rest of the country, are in wait-and-see mode, bracing for possible recession and job losses should a default happen.
2023-05-23 01:29
Beef is a way of life in Texas, but it's hard on the planet. This rancher thinks she can change that
Beef is a way of life in Texas, but it's hard on the planet. This rancher thinks she can change that
For generations, beef has been the most quintessential of American main courses, and a premium protein around the world
2023-11-16 23:53
Max Verstappen unimpressed with excess and opulence of Las Vegas Grand Prix
Max Verstappen unimpressed with excess and opulence of Las Vegas Grand Prix
The Las Vegas Grand Prix is an absolute spectacle of neon extravagance and Max Verstappen has absolutely no interest in the excess and opulence weaved into Formula One’s first visit to Sin City in 41 years
2023-11-17 04:23
BHP says Brazilian court approves Samarco debt reorganisation plan
BHP says Brazilian court approves Samarco debt reorganisation plan
Australian mining giant BHP on Monday said a Brazilian court had approved the reorganisation plan for its Samarco
2023-09-04 07:19