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Social Media Giant Facebook Denies it spread Fake News to help Donald Trump Win

According to TechCrunch, Facebook "did not build and withhold any News Feed changes based on their potential impact on any one political party"

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FILE - A man is silhouetted against a video screen with an Facebook logo as he poses with an Samsung S4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, August 14, 2013. Yahoo

SAN FRANCISCO, Nov 15, 2016:  Hit by charges that the social media giant distributed fake news which helped Donald Trump win the US presidential election, Facebook on Tuesday denied any such charges.

According to TechCrunch, Facebook “did not build and withhold any News Feed changes based on their potential impact on any one political party”.

“It developed two versions of a fix for click bait this year, and decided to trust algorithmic machine learning detection instead of only user behavior,” the report said, quoting a Facebook spokesperson.

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Media reports said earlier that Facebook shelved a planned update earlier this year that could have identified fake news.

TechCrunch now reports that in January 2015, Facebook rolled out an update designed to combat hoax news stories.

In August, Facebook released another News Feed update designed to reduce clickbait stories.

“Of all the content on Facebook, more than 99 percent of what people see is authentic. Only a very small amount is fake news and hoaxes. The hoaxes that do exist are not limited to one partisan view, or even to politics,” Facebook CEO Mark Zuckerberg had said earlier.

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According to Facebook, “We always work to make News Feed more meaningful and informative, and that includes examining the quality and accuracy of items shared, such as click bait, spam and hoaxes”.

According to Trump, Facebook and Twitter helped him secure victory.

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Speaking on CBS’ 60 Minutes programme last weekend, he said: “The fact that I have such power in terms of numbers with Facebook, Twitter, Instagram, etc. I think it helped me win all of these races where they’re spending much more money than I spent. I think that social media has more power than the money they spent.”

Trump specified that he has more than 28 million followers across various social media platforms, and said that he was getting more each day. (IANS)

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Facebook To Come Up With Its Own AI Chip

"Facebook has been known to build its hardware when required -- build its own ASIC, for instance. If there's any stone unturned, we're going to work on it," Forbes quoted LeCun as saying in the interview on Monday.

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The internet has helped financial platforms attract money from financial novices with little knowledge of the risks involved. Pixabay

Facebook intends to develop its own Artificial Intelligence (AI) chips to facilitate faster computing needed to achieve new AI breakthroughs like digital assistants with common sense, said a media report.

In an interview with The Financial Times, Facebook’s chief AI scientist, Yann LeCun indicated that the social networking giant is already developing its own custom application-specific integrated circuit (ASIC) chips to support its AI software.

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While Facebook prepares to work on its own AI chips, the company wishes to work with the existing chip-makers, the report added. Pixabay

“Facebook has been known to build its hardware when required — build its own ASIC, for instance. If there’s any stone unturned, we’re going to work on it,” Forbes quoted LeCun as saying in the interview on Monday.

While Facebook prepares to work on its own AI chips, the company wishes to work with the existing chip-makers, the report added.

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According to a report by Fortune, LeCun will outline his vision for AI’s future in a new research paper he is expected to present at the International Solid State Circuits Conference in San Francisco on February 25. (IANS)