How it Works – Page 81

Meta says there’s been no major drawbacks to openly sharing its AI technology

Over the last eight years, Meta says it has rolled out industry-leading transparency tools for ads about elections or politics, developed comprehensive policies to prevent election interference and voter fraud, and built the largest third party fact-checking programme of any social media platform to help combat the spread of misinformation. (Representative Image: Dima Solomin via Unsplash)

Over the past few months, Meta has been releasing open-source versions of its large language models — the technology behind AI chatbots like ChatGPT.

Almost one-in-five of all global mobile subscriptions will be 5G subscriptions by the end of 2023: Report

Total mobile data traffic is estimated to grow threefold between the end of 2023 and end of 2029 - attributed to factors such as improved device capabilities, an increase in data intensive content and continued improvements in the performance of deployed networks. (Representative image by Mika Baumeister via Unsplash)

Smartphone subscriptions in India as a percentage of total mobile subscriptions are expected to grow from 82 percent in 2023 to 93 percent in 2029.

November Auto Sales Preview: 2-wheelers to make a comeback, passenger vehicles in slow lane

The downturn was influenced by heavy discounting and selective financing further affected by economic worries and the electoral climate.

The passenger vehicle segment will continue to see muted growth on the back of slower growth in the small car segment, while the two-wheeler wholesale segment is expected to grow 25 percent year-on-year.

Whirlpool Corporation plans to sell up to 24 percent stake in Indian arm next year

Whirlpool Corporation asserted that it continues to see India as a significant marketplace for growth and an integral part of its growth strategy and it "remains committed to expand the business with new product launches and the recently acquired Elica India business." (Image source: Moneycontrol)

On November 30, 2023, Whirlpool Corporation announced its intention to enter into one or more transactions to sell up to 24 percent of its ownership interest in Whirlpool of India Ltd in 2024, the company said in a regulatory filing, which was shared on BSE by Whirlpool of India.

Pitch imperfect? Social media posts for pitches evoke mixed responses from ad agencies

The results are based on responses from 45 companies, with an estimated annual global ad spend of $60 billion. Seven percent of respondents are spending more than $50m annually on their in-house agencies, the same percentage spend $25-50m, 33 percent spend $5-$25m, 13 percent budget $1m-$5m and 27 percent spend less than $1m. (Representative Image: Tim Mossholder via Unsplash)

Some agencies see this as a tactical play by marketers to warn their existing agencies. Some see these as fishing for free ideas, and feel such posts are mostly unproductive.

Candidates who crack civil services will no longer be allowed to earn through ads

The Central Consumer Protection Authority (CCPA) stated that the use of Union Public Service Commission (UPSC) exam toppers by these institutes falls under "misleading ads" and "unfair trade practices" of the Consumer Protection Act, 2019. (Representative Image: John Matychuk via Unsplash)

CCPA has also sent notices to 20 IAS coaching institutes for misleading ads. Recently, it also imposed a penalty of Rs 10 lakh on Byju’s for such misleading ads. Byju’s, however, disagreed with the order.

Meta updates policies on political ads; advertisers to disclose use of AI in images and videos

Meta also rolled out reels on Facebook in 2022, allowing users to create and watch videos clips from creators. One could also view public reels from Instagram, if the creator chooses to recommend it on Facebook. (Image source: Unsplash)

The rise of AI as a way to supercharge the creation of misleading ads presents a new issue for the social networking giant, which laid off large swaths of its trust-and-safety team as part of its cost-cutting efforts this year.

Beauty products witness a surge of 51.5 percent year-on-year in sales this Diwali

The report revealed that healthcare and nutrition are categories with greater awareness and demand, highlighting the competition among brands vying for limited space within marketplaces. (Representative Image: Christina Victoria Craft via Unsplash)

The report shared that 47 percent sales of beauty products were contributed by consumers in the 18-24 year age group.

Investing genius Charlie Munger passes away; tributes pour in

Munger's death was confirmed in a statement from the company, which said he died Tuesday at a California hospital. His death was condoled by titans of the business world, including his friend of over 60 years – Warren Buffett. (Image by @tim_Cook via X)

Apple CEO Tim Cook also posted a tribute to Charlie Munger, remembering him as “a keen observer of the world” and a man who helped build an American institution.