Latest news with #PaulDeegan
Business Insider
4 days ago
- Business
- Business Insider
Canadian News Publishers Sound the Alarm on Google (GOOGL) AI Summaries
News publishers across Canada are raising concerns about artificial intelligence (AI) summaries produced by the Google (GOOGL) search engine. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Specifically, newspapers and broadcast media outlets say the AI-generated summaries that top many Google search results are cutting into their online traffic and further eroding their struggling businesses. Some publishers in Canada are claiming that the AI summaries produced by Google are inaccurate. When Google rolled out its AI Overview feature in 2024, its mistakes made headlines around the world. However, many of those inaccuracies have since been corrected and analysts who cover Alphabet, the parent company of Google, seem to agree that the AI-generated search summaries are now reliable. At the bottom of its AI summaries, Google warns users that 'AI responses may include mistakes.' Media Landscape Still, that hasn't stopped news publishers in Canada from levying criticism at AI as it erodes the traditional news business. Paul Deegan, CEO of News Media Canada, which represents Canadian news publishers, says AI summaries are a drag on media companies' online engagement. 'Zero clicks is zero revenue for the publisher,' said Deegan in a recent interview with The Canadian Press newswire. Canada's federal government passed the 'Online News Act' in 2023 to require U.S. technology giants such as Meta Platforms (META) Google started making payments under the legislation. However, the future of that legislation seems uncertain as Canadian Prime Minister Mark Carney has said that he is open to repealing it. Is GOOGL Stock a Buy? The stock of Alphabet has a consensus Strong Buy rating among 36 Wall Street analysts. That rating is based on 27 Buy and nine Hold recommendations issued in the last three months. The average GOOGL price target of $217.25 implies 6.88% upside from current levels.
Ottawa Citizen
09-05-2025
- Politics
- Ottawa Citizen
Today's letters: OC Transpo should make every weekend free
Article content • Ridership was definitely up. People seemed to be wanting to make the most of this. Stops had more people than usual, and passengers were sporting larger items, such as oversized suitcases (I've never seen so many on transit). Even the trains were crowded. Article content Article content • I rode Line 1 from Tunney's Pasture to St-Laurent station and Line 2 to Limebank station, but don't understand why the LRT was using single car service, considering the crowds. Article content • I enjoyed engaging in conversations with people I normally wouldn't interact with, in more languages than English. The friendliness of Ottawans makes me proud to reside in this great city. Article content This initiative was definitely a good move and a great way to build rider loyalty. I would encourage OC Transpo to do it again. Why not make weekends free forever? This would be a great benefit to shift workers, those on the lower end of the pay scale, and would bolster visits to the ByWard Market, enlivening the city's nightlife. Article content Kevin Lynch and Paul Deegan are right: there is an urgent need to reform federal government procurement. Article content Article content While their recommendations are helpful, they do not address the most significant weakness in the procurement process, namely the lack of a single minister accountable for defence procurement. Unless and until one minister is held accountable for defence procurement, the procurement process will never be as efficient or as effective as it could be. Article content Article content Amongst our close allies, Canada stands alone with its system of 'shared accountability' between the ministers of National Defence and of Public Service and Procurement Canada. Article content Putting one minister in charge will streamline the process, create savings through the elimination of overhead and duplication of functions, and allow for the introduction of system-wide performance measures. As famed management guru Peter Drucker once stated: 'Any government, whether that of a company or of a nation, degenerates into mediocrity and malperformance if it is not clearly accountable for results.'
