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YouTube Now Says It Will Remove Videos Lying About Coronavirus Vaccines – Gizmodo

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A flu vaccine being prepared in Las Rozas, Spain on Oct. 14, 2020.
Photo: Pablo Blazquez Dominguez (Getty Images)

YouTube announced on Wednesday that it will now be extending current rules about lies, propaganda, and conspiracy theories about the coronavirus pandemic to include misinformation about coronavirus vaccines.

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Per Reuters, the video giant now says it will prohibit content about coronavirus vaccines that “[contradicts] expert consensus from local health authorities or the [World Health Organization]”—such as bogus claims the vaccine is a pretext to stick people with tracking chips or that it will kill recipients and/or secretly sterilize them. The company also told Reuters that it would limit the spread of content that borders on violating the rules, though it didn’t elaborate on how it would do that.

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Google’s rules already covered topics relating to treatment, prevention, diagnostics, and transmission of the virus, though the previous rules only specifically mentioned vaccines in the context of false claims that one “is available or that there’s a guaranteed cure.”

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“A COVID-19 vaccine may be imminent, therefore we’re ensuring we have the right policies in place to be able to remove misinformation related to a COVID-19 vaccine,” YouTube spokesperson Farshad Shadloo told The Verge.

YouTube has historically struggled to prevent misinformation about the pandemic, which racked up countless millions of views on the site throughout 2020.

A study released in September by the Oxford Research Institute and Reuters Institute, partially covering the period of October 2019 and June 2020, found that coronavirus misinformation videos on YouTube had been shared more than 20 million times on Facebook, Twitter, and Reddit. That outranked CNN, ABC News, BBC, Fox News, and Al Jazeera’s combined reach on those sites over the same period (15 million). The researchers were only able to identify 8,105 videos removed by YouTube containing “covid-related misinformation” in that time period, which was less than 1% of all coronavirus videos.

Interestingly, the researchers also found strong evidence the primary driver of viral coronavirus videos on YouTube was Facebook, not subscribers to the YouTube channels themselves. This also potentially helps that content circumvent YouTube’s community standards enforcement, which is highly reliant on user reports; Facebook has implemented some loophole-laden rules on anti-vax content in ads but does not have rules against organic or unpaid anti-vax posts. From the study:

Misinformation videos shared on Facebook generated a total of around 11,000 reactions (likes, comments or shares), before being deleted by YouTube… The Oxford researchers also found that out of the 8,105 misinformation videos shared on Facebook between October 2019 and June 2020, only 55 videos had warning labels attached to them by third party fact checkers, less than 1% of all misinformation videos. This failure of fact-checking helped Covid-related misinformation videos spread on Facebook and find a large audience.

Oxford researchers observed that despite YouTube’s investment in containing the spread of misinformation, it still took YouTube on average 41 days to remove Covid-related videos with false information. Misinformation videos were viewed on average 150,000 times, before they were deleted by YouTube.

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YouTube has also been a hub for anti-vax content more generally. While research last year (before the pandemic) found it was on the decline, the anti-vax movement is far from forced off the site. A University of Pennsylvania Annenberg Public Policy Center study in February unsurprisingly found that those who relied on traditional media outlets to learn about vaccines were less likely to believe in anti-vax claims than those who did on social media. A recent Pew Survey found that some 26% of U.S. adults get news on YouTube and that the content they are consuming is more likely to be laden with conspiracy info.

Producers and consumers of misinformation are adept at evading crackdowns. According to Wired, YouTube’s internal teams tasked with hunting down and eliminating videos with false claims about the virus found that its recommendation system—which had been successfully tweaked to promote significantly less conspiracy content in 2019—was becoming increasingly less important to driving large amounts of traffic to false claims about the coronavirus. Instead, they had noticed a major uptick in the number of videos which were uploaded and quickly promoted off-site via a “mix of organic link-sharing and astroturfed, bot-propelled promotion” on other sites like Facebook and Reddit.

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YouTube told the Telegraph in September that the Oxford and Reuters study used data that was out of date. A spokesperson told the Guardian on Wednesday the company has removed more than 200,000 videos since early February, though many of them could have been re-uploads, automatically generated, or otherwise posted in corners where they had little chance of going viral in the first place.

Another recent study by the Berkman Klein Center for Internet & Society at Harvard found that social media was secondary to the spread of conspiracy theories about voting by mail, with the main driver being fake claims by Donald Trump and Republican allies that were then amplified by coverage in the traditional media. This appears to match findings by Oxford and Reuters researchers in April, who found prominent public figures made just 20% of claims in a sample of 225 statements rated false by fact checkers, but generated 69% of social media engagement.

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Platforms including YouTube have had some success limiting the spread of some misinformation efforts, such as a sequel to the infamous Plandemic video that racked up more than 8 million views in May (the sequel’s release, however, was announced in advance). In September, YouTube moved to delete clips from a Hoover Institution interview with White House coronavirus adviser Dr. Scott Atlas, who has sowed doubt about the effectiveness of social distancing and wink-wink, nudge-nudged the Trump administration toward a dangerous “herd immunity” strategy.

According to the Guardian, YouTube says it will announce more steps it is taking to limit the spread of misinformation about vaccines on its site in the coming weeks.

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Tesla Promises Cheap EVs by 2025 | OilPrice.com – OilPrice.com

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Tesla Promises Cheap EVs by 2025 | OilPrice.com



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Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

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Tesla has promised to start selling cheaper models next year, days after a Reuters report revealed that the company had shelved its plans for an all-new Tesla that would cost only $25,000.

The news that Tesla was scrapping the Model 2 came amid a drop in sales and profits, and a decision to slash a tenth of the company’s global workforce. Reuters also noted increased competition from Chinese EV makers.

Tesla’s deliveries slumped in the first quarter for the first annual drop since the start of the pandemic in 2020, missing analyst forecasts by a mile in a sign that even price cuts haven’t been able to stave off an increasingly heated competition on the EV market.

Profits dropped by 50%, disappointing investors and leading to a slump in the company’s share prices, which made any good news urgently needed. Tesla delivered: it said it would bring forward the date for the release of new, lower-cost models. These would be produced on its existing platform and rolled out in the second half of 2025, per the BBC.

Reuters cited the company as warning that this change of plans could “result in achieving less cost reduction than previously expected,” however. This suggests the price tag of the new models is unlikely to be as small as the $25,000 promised for the Model 2.

The decision is based on a substantially reduced risk appetite in Tesla’s management, likely affected by the recent financial results and the intensifying competition with Chinese EV makers. Shelving the Model 2 and opting instead for cars to be produced on existing manufacturing lines is the safer move in these “uncertain times”, per the company.

Tesla is also cutting prices, as many other EV makers are doing amid a palpable decline in sales in key markets such as Europe, where the phaseout of subsidies has hit demand for EVs seriously. The cut is of about $2,000 on all models that Tesla currently sells.

By Charles Kennedy for Oilprice.com

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Why the Bank of Canada decided to hold interest rates in April – Financial Post

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Divisions within the Bank of Canada over the timing of a much-anticipated cut to its key overnight interest rate stem from concerns of some members of the central bank’s governing council that progress on taming inflation could stall in the face of stronger domestic demand — or even pick up again in the event of “new surprises.”

“Some members emphasized that, with the economy performing well, the risk had diminished that restrictive monetary policy would slow the economy more than necessary to return inflation to target,” according to a summary of deliberations for the April 10 rate decision that were published Wednesday. “They felt more reassurance was needed to reduce the risk that the downward progress on core inflation would stall, and to avoid jeopardizing the progress made thus far.”

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Others argued that there were additional risks from keeping monetary policy too tight in light of progress already made to tame inflation, which had come down “significantly” across most goods and services.

Some pointed out that the distribution of inflation rates across components of the consumer price index had approached normal, despite outsized price increases and decreases in certain components.

“Coupled with indicators that the economy was in excess supply and with a base case projection showing the output gap starting to close only next year, they felt there was a risk of keeping monetary policy more restrictive than needed.”

In the end, though, the central bankers agreed to hold the rate at five per cent because inflation remained too high and there were still upside risks to the outlook, albeit “less acute” than in the past couple of years.

Despite the “diversity of views” about when conditions will warrant cutting the interest rate, central bank officials agreed that monetary policy easing would probably be gradual, given risks to the outlook and the slow path for returning inflation to target, according to the summary of deliberations.

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They considered a number of potential risks to the outlook for economic growth and inflation, including housing and immigration, according to summary of deliberations.

The central bankers discussed the risk that housing market activity could accelerate and further boost shelter prices and acknowledged that easing monetary policy could increase the likelihood of this risk materializing. They concluded that their focus on measures such as CPI-trim, which strips out extreme movements in price changes, allowed them to effectively look through mortgage interest costs while capturing other shelter prices such as rent that are more reflective of supply and demand in housing.

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They also agreed to keep a close eye on immigration in the coming quarters due to uncertainty around recent announcements by the federal government.

“The projection incorporated continued strong population growth in the first half of 2024 followed by much softer growth, in line with the federal government’s target for reducing the share of non-permanent residents,” the summary said. “But details of how these plans will be implemented had not been announced. Governing council recognized that there was some uncertainty about future population growth and agreed it would be important to update the population forecast each quarter.”

• Email: bshecter@nationalpost.com

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Meta shares sink after it reveals spending plans – BBC.com

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Woman looks at phone in front of Facebook image - stock shot.

Shares in US tech giant Meta have sunk in US after-hours trading despite better-than-expected earnings.

The Facebook and Instagram owner said expenses would be higher this year as it spends heavily on artificial intelligence (AI).

Its shares fell more than 15% after it said it expected to spend billions of dollars more than it had previously predicted in 2024.

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Meta has been updating its ad-buying products with AI tools to boost earnings growth.

It has also been introducing more AI features on its social media platforms such as chat assistants.

The firm said it now expected to spend between $35bn and $40bn, (£28bn-32bn) in 2024, up from an earlier prediction of $30-$37bn.

Its shares fell despite it beating expectations on its earnings.

First quarter revenue rose 27% to $36.46bn, while analysts had expected earnings of $36.16bn.

Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said its spending plans were “aggressive”.

She said Meta’s “substantial investment” in AI has helped it get people to spend time on its platforms, so advertisers are willing to spend more money “in a time when digital advertising uncertainty remains rife”.

More than 50 countries are due to have elections this year, she said, “which hugely increases uncertainty” and can spook advertisers.

She added that Meta’s “fortunes are probably also being bolstered by TikTok’s uncertain future in the US”.

Meta’s rival has said it will fight an “unconstitutional” law that could result in TikTok being sold or banned in the US.

President Biden has signed into law a bill which gives the social media platform’s Chinese owner, ByteDance, nine months to sell off the app or it will be blocked in the US.

Ms Lund-Yates said that “looking further ahead, the biggest risk [for Meta] remains regulatory”.

Last year, Meta was fined €1.2bn (£1bn) by Ireland’s data authorities for mishandling people’s data when transferring it between Europe and the US.

And in February of this year, Meta chief executive Mark Zuckerberg faced blistering criticism from US lawmakers and was pushed to apologise to families of victims of child sexual exploitation.

Ms Lund-Yates added that the firm has “more than enough resources to throw at legal challenges, but that doesn’t rule out the risks of ups and downs in market sentiment”.

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