In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread more
Equifax will pay at least $575 million, and potentially as much as $700 million, to settle allegations over its massive over 2017 data breach, U.S. regulators said in a...Technologyread more
The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
Two traders say Boeing's on the path to recovery.Trading Nationread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Despite Facebook's aggressive stance on improving identification and removal of inappropriate content, the company admitted its artificial intelligence has a hard time finding hate speech.
In a blog post, the company said Tuesday it removed 2.5 million pieces of hate speech content during the first quarter of the year. However, only 38 percent of the problematic items were identified by its technology.
"It's partly that technology like artificial intelligence, while promising, is still years away from being effective for most bad content because context is so important," Facebook vice president of data analytics Alex Schultz wrote in the blog post. "For example, artificial intelligence isn't good enough yet to determine whether someone is pushing hate or describing something that happened to them so they can raise awareness of the issue."
Facebook also said in the posting that it took down 21 million pieces of adult nudity and sexual activity during the period, 96 percent of which was flagged by its artificial intelligence. About 7 to 9 views of every 10,000 pieces of content viewed were part of that category. Around 3.5 million pieces of violent content were taken down or noted with a warning label, with its technology finding 86 percent of the questionable content.
It deleted 583 million fake accounts during the first three months of the year, most of which were found minutes after they were created. About 3 to 4 percent of its monthly active users are false accounts, it said. In addition, Facebook removed 837 million pieces of spam during the same period, and almost all were identified before it was reported by a user.
Facebook has said it will hire 10,000 more people to review content on its platforms by the end of 2018. The Wall Street Journal reported that Facebook's community operations and community-integrity team, which develops technology to find inappropriate items, asked for a budget of $770 million for this year. A source told the publication CEO Mark Zuckerberg allocated even more than that amount. For comparison, the community operations team had a budget of only $220 million in 2017, according to the Journal.