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Facebook, T-Hub Empower 10 AI-driven Indian Startups

The other start-ups that were shortlisted include Greenturn Idea Factory, Sensegrass, Marut Drones, Shortlist Professionals and Innerhour

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The social media application, Facebook is displayed on Apple's App Store, July 30, 2019. VOA

Facebook and T-Hub, a Hyderabad-based global start-up catalyst, on Tuesday announced the completion of the second edition of their India Innovation Accelerator programme with 10 startups.

The top three startups — ftcash, Marut Drones and Innerhour — will receive further support for a month of Go-to-Market strategies, Facebook said in a statement.

“We are committed to support start-up and are focused on creating programmes like India Innovation Accelerator, with partners across the tech community to fuel startups, to build businesses of tomorrow,” said Manish Chopra, Director and Head of Partnerships, Facebook India.

The four-month accelerator programme supported a cohort of startups in diverse fields: empowerment of women and girls, agriculture, healthcare, education, climate change and resilient cities, etc.

Ravi Narayan, CEO, T-Hub, said that the country needs an innovation ecosystem that allows entrepreneurs to think beyond the limits and “empower them to address the critical challenges faced by two-thirds of the population in our country”.

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“Artificial intelligence is now one of the fastest-growing areas in all of science and one of the most talked-about topics in society.” VOA

The 10 cohort start-ups included Mumbai-based ftcash which aims to empower micro-merchants and small businesses with the power of credit using digital payments.

While another start-up, StaTwig, is building Blockchain based solutions to ensure that every child is vaccinated with high quality vaccines, Signzy has built a digital trust infrastructure which enables completely secure digital on-boarding using the AI assisted on-boarding (RealKYC), Algorithmic Risk Intelligence (ARI), and Blockchain technology to store and verify consumer information.

Also Read: Children of Mothers Suffering Domestic Violence are 50% More Likely to Have Lower IQ

Blue Sky Analytics, a geospatial data intelligence start-up, and Pensieve that aims to democratise legal data and make it accessible to the common man were also selected.

The other start-ups that were shortlisted include Greenturn Idea Factory, Sensegrass, Marut Drones, Shortlist Professionals and Innerhour. (IANS)

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Social Media Giant Facebook Sues Chinese Company Over Alleged ad Fraud

According to a report in CNET, Facebook said it has paid more than $4 million in reimbursements to victims of these hacks

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An iPhone displays the app for Facebook in New Orleans, Aug. 11, 2019. VOA

Facebook has sued a Chinese company for allegedly tricking people into installing a malware, compromising peoples accounts and then using them to run deceptive ads.

Facebook blamed ILikeAd Media International Company Ltd. and two individuals associated with the company — Chen Xiao Cong and Huang Tao – for the fraud.

The defendants deceived people into installing malware available on the Internet. This malware then enabled the defendants to compromise people’s Facebook accounts and run deceptive ads promoting items such as counterfeit goods and diet pills, the social media giant said in a blog post.

The defendants sometimes used images of celebrities in their ads to entice people to click on them, a practice known as “celeb bait”, according to the lawsuit filed on Wednesday.

In some instances, the defendants also engaged in a practice known as cloaking, Facebook said.

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The social media application, Facebook is displayed on Apple’s App Store, July 30, 2019. VOA

“Through cloaking, the defendants deliberately disguised the true destination of the link in the ad by displaying one version of an ad’s landing page to Facebook’s systems and a different version to Facebook users,” said Facebook’s Jessica Romero, Director of Platform Enforcement and Litigation and Rob Leathern, Director of Product Management, Business Integrity.

Cloaking schemes are often sophisticated and well organised, making the individuals and organisations behind them difficult to identify and hold accountable.

Also Read: New Account of Twitter named @TwitterRetweets to Highlight Best Tweets

As a result, there have not been many legal actions of this kind.

“In this case, we have refunded victims whose accounts were used to run unauthorised ads and helped them to secure their accounts,” they wrote.

According to a report in CNET, Facebook said it has paid more than $4 million in reimbursements to victims of these hacks. (IANS)