Google comes out on top as years-long Mexico antitrust case closed
The investigation by Mexico's Federal Economic Competition Commission (Cofece), which began in 2020, focused on Google's digital advertising services via its search page as well as third-party websites.
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Straits Times
a day ago
- Straits Times
ChatGPT-5 hasn't fully fixed its most concerning problem
The new version isn't as cold and professional as you might think. It's still possible to get attached. A spokesman for OpenAI said the company was building tools that could detect if someone was experiencing mental distress, so ChatGPT could 'respond in ways that are safe, helpful and supportive.' Mr Sam Altman has a good problem. With 700 million people using ChatGPT on a weekly basis – a number that could hit a billion before the year is out – a backlash ensued when he abruptly changed the product last week. OpenAI's innovator's dilemma, one that has beset the likes of Alphabet's Google and Apple, is that usage is so entrenched now that all improvements must be carried out with the utmost care and caution. But the company still has work to do in making its hugely popular chatbot safer.
Straits Times
a day ago
- Straits Times
YouTube turns to AI to spot children posing as adults
Sign up now: Get ST's newsletters delivered to your inbox YouTube has started using artificial intelligence (AI) to figure out when users are children pretending to be adults. SAN FRANCISCO - YouTube has started using artificial intelligence (AI) to figure out when users are children pretending to be adults on the popular video-sharing platform amid pressure to protect minors from sensitive content. The new safeguard is being rolled out in the United States as Google-owned YouTube and social media platforms such as Instagram and TikTok are under scrutiny to shield children from content geared for grown-ups. A version of AI referred to as machine learning will be used to estimate the age of users based on a variety of factors, including the kinds of videos watched and account longevity, according to YouTube Youth director of product management James Beser. 'This technology will allow us to infer a user's age and then use that signal, regardless of the birthday in the account, to deliver our age-appropriate product experiences and protections,' Mr Beser said. 'We've used this approach in other markets for some time, where it is working well.' The age-estimation model enhances technology already in place to deduce user age, according to YouTube. Users will be notified if YouTube believes them to be minors, giving them the option to verify their age with a credit card, selfie, or government ID, according to the tech firm. Top stories Swipe. Select. Stay informed. Singapore Owners call for stronger management rules in ageing condos, but seek to avoid being overburdened Business US Treasuries a draw as yield gap with S'pore govt bonds widens, but analysts urge caution Singapore Three top students with passion to serve awarded President's Scholarship Singapore More families in Singapore using childminding and elder-minding services Asia Attack on my son is a 'warning' to silence me, says Malaysian MP Rafizi Ramli World Trump says Putin ready to make deal on Ukraine as leaders prepare for Alaska meeting Singapore Over 100 people being investigated for vape offences, say MOH and HSA Singapore From quiet introvert to self-confident student: How this vulnerable, shy teen gets help to develop and discover her strength Social media platforms are regularly accused of failing to protect the well-being of children. Australia will soon use its landmark social media laws to ban children under 16 from YouTube , a top minister said late last month, stressing a need to shield them from 'predatory algorithms.' Communications Minister Anika Wells said four-in-ten Australian children had reported viewing harmful content on YouTube, one of the most visited websites in the world. Australia announced in 2024 it was drafting laws that will ban children from social media sites such as Facebook, TikTok and Instagram until they turn 16. 'Our position remains clear: YouTube is a video sharing platform with a library of free, high-quality content, increasingly viewed on TV screens,' the company said in a statement at the time. 'It's not social media.' On paper, the ban is one of the strictest in the world. It is due to come into effect on Dec 10. The legislation has been closely monitored by other countries, with many weighing whether to implement similar bans. AFP
CNA
a day ago
- CNA
Brazilian digital lender Nubank posts 42% profit boost; shares jump
SAO PAULO :Nu Holdings, which runs Brazilian digital lender Nubank, posted on Thursday a 42 per cent increase in its net profit from a year earlier on a foreign exchange-neutral basis, causing its shares to jump more than 8 per cent in after-hours trading. The firm, which has nearly 123 million clients across Brazil - its main market - Colombia and Mexico, posted a $637 million second-quarter net profit for the April to June period. Revenue stood at $3.7 billion, up 40 per cent year-on-year. Chief Financial Officer Guilherme Lago told Reuters the profit increase was driven by operational leverage and revenue growth, but said the factors behind that growth are starting to change. "If in the last three to five years a major part of our growth came from adding new customers, in the next three to five years a major part of our revenue growth in Brazil will come from deepening the relationship with these customers," Lago said. Nubank's annualized return on equity, a gauge of profitability, came in at 28 per cent, in line with the reported year-ago figure. Nubank posted a "strong quarter," Citi analysts wrote, noting that net profit came in above expectations while net interest margin showed a recovery. Shares in Nubank were up 8.3 per cent in extended trade in New York. The lender's total loan book grew 8 per cent from the first quarter to $27.3 billion, as personal loans expanded within Nubank's overall portfolio, which is largely made up of outstanding credit card debt. Meanwhile, the early default ratio stood at 4.4 per cent, falling 0.3 per centage points from the first quarter. The over-90 day ratio reached 6.6 per cent, up 0.1 per centage point in the same period, with Nubank saying it reflected both a rise in short-term delinquencies in the first quarter and a seasonal pattern. "We will continue to grow unsecured lending originations fairly strongly throughout the remainder of 2025 and 2026 as long as it continues to see the asset quality numbers that we are seeing in our book," Lago said in a call with analysts. "Until today... everything seems to be super on track," he added.
