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MoS Rajiv Chandrasekhar on AI, ad-tech monopolies and big tech dominance including by Facebook, Google

7Feb

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Technology

MoS Rajiv Chandrasekhar on AI, ad-tech monopolies and big tech dominance including by Facebook, Google

[ad_1] Union Minister of State Rajeev Chandrasekhar while speaking at the DNPA Conclave & Awards 2024 event spoke at length about the influence of artificial intelligence (AI) and how ad tech monopolies are the biggest concern for digital media. The Union Minister of State also highlighted how India's technology growth has been “spectacular” and how the emergence of AI tools has been beneficial but is also affecting the media ecosystem in India. During his talk, the minister also highlighted the upcoming benefits to be derived through the upcoming Digital India Act and the impact on “visible asymmetries”. Rajiv Chandrasekhar on ad tech monopoliesMoS Chandrasekhar spoke at length about AI and the challenges that the current digital media ecosystem in India is facing. When asked about...

Facebook, Instagram to X, social media firms made $11 bn in US ad revenue from minors: Study

[ad_1] Social media companies collectively made over $11 billion in U.S. advertising revenue from minors last year, according to a study from the Harvard T.H. Chan School of Public Health published on Wednesday. The researchers say the findings show a need for government regulation of social media since the companies that stand to make money from children who use their platforms have failed to meaningfully self-regulate. They note such regulations, as well as greater transparency from tech companies, could help alleviate harms to youth mental health and curtail potentially harmful advertising practices that target children and adolescents.To come up with the revenue figure, the researchers estimated the number of users under 18 on Facebook, Instagram, Snapchat, TikTok, X (formerly Twitt...

BuzzFeed, Vice woes signal crisis in digital-only media

[ad_1] With the closure of BuzzFeed News and bankruptcy looming at Vice, the once promising world of free digital media finds itself at a crossroads, seeing ad revenues dry up at the same time as disappointed investors begin walking away. BuzzFeed, one of the OG new media disruptors, announced in late April that it would shutter its news division. Translation: 180 jobs lost. As for Vice, the company -- once a darling that attracted major funding from Disney and Fox, among others -- has canceled its signature show Vice News Tonight, laid off 100 people, and is reportedly on the verge of declaring bankruptcy. The two media groups have different profiles and goals, but one thing they have in common is a reliance on advertising dollars to fund their operations. But in tough economic times...