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US companies compete for mobile payments leadership in India

02/15/202202/14/2022 Sam Lambert

Companies including Google, Facebook, Amazon, and Walmart are all vying for the top spot. Google Pay mobile payments are proving to be a powerful tool in parent company Alphabet’s strategy to grab leadership in India’s online shopping, social networking, streaming, and gaming market, which is experiencing explosive growth. The digital wallet was propelled forward during the pandemic to become second most popular. The pandemic’s acceleration of contact-free transactions gave Google Pay mobile payments the boost it needed to grab the second highest app spot in the category in India. Meta…

Facebook dumps its facial recognition software due to widespread privacy scrutiny

11/04/202111/04/2021 Julie Campbell

The social media platform announced its intentions to stop using the face identification technology. This week, Facebook announced that it intends to stop using its facial recognition software, which has been associated with considerable security and privacy criticism. The technology is able to automatically recognize individuals in photos and video posted by users. This removal of facial recognition from Facebook marks a considerable shift in the company as well as in the social media industry. This is particularly noteworthy for Facebook as it is a company well recognized for the…

Will Facebook’s Metaverse rebrand change everything wrong with the brand?

10/21/202110/20/2021 Stephanie Beck

CEO Mark Zuckerberg is seeking to ensure that he will be known for building this new concept. Next week, Facebook will be changing its company name to focus on its goal of building the metaverse, say reports from a source with direct knowledge of this issue who was cited by The Verge. Zuckerberg will be announcing the name change at the annual Connect conference on October 28. The name change will reflect Facebook CEO Mark Zuckerberg’s plans to focus on the metaverse experience. That said, some have speculated that the…

Facebook backs down on developing Instagram for kids following strong opposition

10/01/202109/30/2021 Stephanie Beck

Instagram for kids - child using mobile phone

The social network had been digging in its heels about its plan to create a platform for kids under 13 years. Facebook has announced that it will be putting its intentions to develop Instagram for kids aged 13 and under on hold, as it has faced substantial opposition from certain child safety advocates. The company has said that it still intends to create the experience, but it is putting it on hold for now. “While we stand by the need to develop this experience, we’ve decided to pause this project,”…

Facebook AI spots deep fakes and their sources

06/18/202106/16/2021 Jennifer Goula

The system was developed by the company with a team from Michigan State university. Facebook and a team from Michigan State University have announced that they have developed a new software system that can identified deep fakes as well as where they came from. Deep fakes are videos that have been edited using AI in some way, appearing increasingly realistic. Deep fakes are becoming increasingly difficult for humans to tell what is real when they are viewed online, such as when they are shared on Facebook. According to the researchers…