Browsing: Platforms

[ad_1] Markets regulator Sebi has directed execution-only platforms (EOPs) offering direct mutual fund plans to get registered in order to offer such services. “While investors may find it convenient to avail services of such online platforms, those who are not clients of such intermediaries under the regulations may not have recourse or protection for the risks associated with the transactions,” said the circular. Sebi chief Madhabi Puri Buch had in December said the regulator would devise a framework for EOPs to get registered. The regulator had said at the time that EOPs would have to either register with the Association…

[ad_1] The music business is pushing back against AI. Universal Music Group, home to superstars like Taylor Swift, Nicki Minaj, and Bob Dylan, has urged Spotify and Apple to block AI tools from scraping lyrics and melodies from its artists’ copyrighted songs, the Financial Times reported last week. UMG executive vice president Michael Nash wrote in a recent op-ed that AI music is “diluting the market, making original creations harder to find, and violating artists’ legal rights to compensation from their work.” Neither Apple nor Spotify returned requests for comment about how many AI-generated songs are on their platforms or whether AI has…

[ad_1] Pinsof says companies facing such legal threats would have little incentive to defend the free speech of their users if it helped them avoid litigation. “We’ve seen over and over in different contexts that platforms are vulnerable to censorship pressure because they’re afraid of being sued,” says Pinsof. “So it’s easier to take stuff down than it is to potentially open yourself up to liability.” Another part of the law would require ISPs to “make every reasonable and technologically feasible effort to block internet access to information or material intended to assist or facilitate efforts to obtain an elective abortion…

[ad_1] Social media, news, music, shopping, and other sites all rely on recommender systems: algorithms that personalize what each individual user sees. These systems are largely driven by predictions of what each person will click, like, share, buy, and so on, usually shorthanded as “engagement.” These reactions can contain useful information about what’s important to us, but—as the existence of clickbait proves—just because we click on it doesn’t mean it’s good. Many critics argue that platforms should not try to maximize engagement, but instead optimize for some measure of long-term value for users. Some of the people who work for these platforms agree: Meta and…