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Google Play Store Shuts Out Apps with ‘Deceptive or Harmful’ Personal Loans

This essentially forces them to either offer lower rates or bow out entirely

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Google, Apps, Deceptive
The affected lenders were not happy with the tech giant's move. Pixabay

Aiming to fight predatory loans better, Google has banned Play Store apps with ‘deceptive or harmful’ personal loans where the annual percentage rate was 36 per cent or higher, such as many payday loans.

A spokesman said that the expanded financial policy, implemented earlier this year, was meant to “protect users” against “exploitative” terms, Engadget reported on Sunday quoting The Wall Street Journal.

The affected lenders were not happy with the tech giant’s move.

Google, Apps, Deceptive
A spokesman said that the expanded financial policy, implemented earlier this year, was meant to “protect users” against “exploitative” terms, Engadget reported on Sunday quoting The Wall Street Journal. Pixabay

This essentially forces them to either offer lower rates or bow out entirely.

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Online Lenders Alliance CEO Mary Jackson repeatedly maintained that the companies’ practices were allowed, arguing that the ban hurts “legitimate operators” as well as customers looking for “legal loans”, the report added. (IANS)

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Tech Giant Google Funds Six AI-based Projects in India

Google Research India is based out of Bengaluru and will be part of and support Google's global network of researchers

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Google
Google Research India is based out of Bengaluru and will be part of and support Google's global network of researchers. Pixabay

Google on Tuesday started six Artificial Intelligence (AI) based research projects in India that would focus on addressing social, humanitarian and environmental challenges in sectors like healthcare, education, disaster prevention and conversation.

Google Research India will provide each team with funding and computational resources in addition to supporting the efforts with expertise in computer vision, natural language processing, and other deep learning techniques, the company said in a statement.

“We are increasingly seeing people apply AI to address big challenges. Therefore, we have made research in AI for Social Good one of the key focus areas of Google Research India — the AI lab we started in Bengaluru last year in September,” said Manish Gupta, Director, Google Research Team, India.

Among the six projects are improving health information for high HIV/AIDS risk communities from team from IIT Delhi led by Tavpritesh Sethi, team from Singapore Management University led by Pradeep Varakantham and nonprofit Swasti.

Researchers from IIT Madras led by Balaraman Ravindran and nonprofit Armman will use AI to predict the risk of expectant mothers dropping out of healthcare programmes, to improve targeted interventions and increase positive healthcare outcomes for mothers and their babies.

The team from Singapore Management University led by Arunesh Sinha and nonprofit Khushibaby will apply AI to help ensure consistency in how healthcare information is captured and monitored.

Another team from Singapore Management University led by Pradeep Varakantham along with nonprofit Wildlife Conservation Trust will use AI to predict human-wildlife conflict in the state of Maharashtra to help inform data-driven policy making.

The team of Nanyang Technology University led by Bo An and nonprofit Ashoka Trust for Research in Ecology & The Environment will apply AI to inform dam and barrage water releases, to help build early warning systems that minimise risk of disasters.

Google
Google on Tuesday started six Artificial Intelligence (AI) based research projects in India that would focus on addressing social, humanitarian and environmental challenges in sectors like healthcare, education, disaster prevention and conversation. Pixabay

The last team from AI4Bharat and IIT Madras led by Mitesh Khapra and Pratyush Kumar along with nonprofit Storyweaver will build open-source input tools for underserved Indian languages to accelerate publishing of openly licensed content.

“We look forward to supporting academic researchers, organisations and the broader community over the coming months and years to bring these projects to life,” said Milind Tambe, Director, AI for Social Good, Google Research Team, India.

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Google Research India is based out of Bengaluru and will be part of and support Google’s global network of researchers. (IANS)