Instagram CEO Adam Mosseri recently said that every internet user would own their data which will be stored in a blockchain that only they will have access to, while envisioning the Web3.
He made these remarks during a TED Talk and explained how through Web3 tech giants won’t be able to access user data and monetise it as it will be completely in control of the user.
He detailed that content creators would be able to gain independence using Web3 from platforms like TikTok and Instagam.
Content creators will be able to directly build a relationship with their fans, sharing data they wish to share, while social media platforms will have no say. Even quitting or being removed from a platform would not mean a user will lose their subscriber list.
Mosseri described it as “a dramatic shift in power away from platforms like [Instagram] and to … creators.”
He also went on to hypthesise that creators using Web3 would be able to form equity crowd funding, making investments early in their career.
When asked by The Wired, why tech platforms would hand over control to users, and what would be in their interest, he said, “I think platforms will be giving up some short-term control for there to be a larger pie in the long run. A big risk is the size of the market for subscriptions.”
When asked about business on platforms and monetising through advertisements, he said: “My idea would be for a subset of creators to use platforms like YouTube and Instagram to build up a brand and demand for what they do. They could post to whatever platform they want, and give away however much they want for free. But they would also have a group of people who subscribe to them, and that relationship is built in a way that no platform can take it away.”
AI threatens wages, not jobs
The rapid adoption of artificial intelligence could reduce wages, but so far is creating, not destroying jobs, especially for the young and highly-skilled, research published by the European Central Bank showed on Tuesday.
Firms have invested heavily in artificial intelligence, or AI, leaving economists striving to understand the impact on the labour market and driving fears among the wider public for the future of their jobs.
At the same time, employers are struggling to find qualified workers, despite a recession that would normally ease labour market pressures.
In a sample of 16 European countries, the employment share of sectors exposed to AI increased, with low and medium-skill jobs largely unaffected and highly-skilled positions getting the biggest boost, a Research Bulletin published by the ECB said.
But it also cited “neutral to slightly negative impacts” on earnings and said that could increase.
“These results do not amount to an acquittal,” the paper said. “AI-enabled technologies continue to be developed and adopted. Most of their impact on employment and wages – and therefore on growth and equality – has yet to be seen.”
The findings were in contrast to previous “technology waves,” it said, when computerisation decreased “the relative share of employment of medium-skilled workers, resulting in “polarisation”.
Steps to avoid Google account deletion due to inactivity
Previously, Google announced that it would delete accounts that haven’t been signed into for two years, starting from December 1, 2023.
The move to delete these accounts comes from security concerns. An account that has been inactive for a long time is more susceptible to being breached by hackers, according to Google. This could expose personal information, increase the risk of identity theft, and make users vulnerable to being targeted in scams.
If someone has a Google account that they want to keep but it’s at risk of being deleted due to inactivity, they can follow certain steps to safeguard the account and its data.
The simplest way for them to keep their Google account is by logging into it or any associated Google services like YouTube or Gmail immediately.
By signing in at least once every two years, they can ensure that their Google account remains active and is not subject to deletion.
Considering that security is a major concern for these policies, and with Google noting that unused accounts are far less likely to have 2-step verification, it’s advisable for individuals to enable 2-step verification on their Google accounts (and on all other accounts they possess) to significantly reduce the risk of hacking.
AI threat demands new approach to security designs
The potential threat posed by the rapid development of artificial intelligence (AI) means safeguards need to be built in to systems from the start rather than tacked on later, a top US official said on Monday.
“We’ve normalized a world where technology products come off the line full of vulnerabilities and then consumers are expected to patch those vulnerabilities. We can’t live in that world with AI,” said Jen Easterly, director of the U.S. Cybersecurity and Infrastructure Security Agency.
“It is too powerful, it is moving too fast,” she said in a telephone interview after holding talks in Ottawa with Sami Khoury, head of Canada’s Centre for Cyber Security.
Easterly spoke the same day that agencies from 18 countries, including the United States, endorsed new British-developed guidelines on AI cyber security that focus on secure design, development, deployment and maintenance.
“We have to look at security throughout the lifecycle of that AI capability,” Khoury said.
Earlier this month, leading AI developers agreed to work with governments to test new frontier models before they are released to help manage the risks of the rapidly developing technology.
“I think we have done as much as we possibly could do at this point in time, to help come together with nations around the world, with technology companies, to set out from a technical perspective how to build these build these capabilities as securely and safely as possible,” said Easterly.
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