tv Keiser Report RT July 28, 2018 3:30pm-4:01pm EDT
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tech giants like spotify have still not made a single cent in profit we look at how this puts their workers and even consumers at risk. and the ripples in the us the stop authorities using amazon's facial recognition tool after it wrongly matched photos of members of congress with criminals. per se palestinian teenager into man killed by israeli soldiers at the gaza border with eighty other protesters wounded journalists working with r.t. it was caught up in the violence. we just woke up from many. of whom are doing. good evening thanks for joining us you're watching r.t.
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international. tough times may be ahead for twitter after its shares plunged on friday with the tech giant admitting some bad news. shares plunged to an astonishing twenty one percent wiping an incredible six billion dollars off the value of the company and this came after twitter had posted a decline in monthly active users from the start of the year the social media behemoths has now lost at least one million users amid efforts to purge fake accounts and it's even admitted that things could get worse adding it now prioritizes the billet over user growth but it's not the only thing overshadowing twitter president trump claims that the company is limiting the visibility in its search results of prominent republicans the practice is known as shadow banning trump runs it discriminatory hinting it may even break u.s. laws twitter however denies political bias. our behavioral ranking doesn't make
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judgments based on political views or the substance of tweets we are aware that some accounts are not automatically populating in our search box and shipping a change to address this. and twitter isn't the only tech giant facing questions twenty companies like tesla over spotify they are posting big losses and a bushel looks at the reasons and how their employees and consumers could be affected. wall street soaring around all time peak and driving that growth locomotive these guys who corporations like tesla spotify and dropbox are invested darlings committing even the general public who use their everyday products to buy in her role. as the leader in stream music i say some sometimes the most successful american tech company.
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just one tiny problem these firms are losing a rethink money tesla is worth more than car colossus is ford or general motors despite selling a tiny fraction of the cause and losing billions music streaming giant spotify is just an out vast losses now the biggest startup in the world but it's lost money every year of its life and last year the worst and i was four and the whole of billion the whole of his one fine day we'll all book. in to electric calls while uploading spotify music to the dropbox cloud or something like that but new economy new danger these aren't small companies anymore they affect millions of workers and users and cracks beginning to show suggesting far from expanding some of starting to fire their workforce and then the new economy relationships are shall we say
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complicated hundreds of thousands of paid for tesla cause the poor company hasn't even built if it goes bust the ordinary people would likely be quote wiped out definitely there's a there's a bubble not just in tech stocks but in the general stock market itself in the us we're already seeing companies like general electric to caterpillar and so. the others. wells fargo in financial stress that there are signs of financial fragility as i call it where francia for gelati is really a condition where the cash flow to finance previous debt becomes insufficient and they can't roll over the debt and they can't borrow that debt so then they have to default or sell off some of their assets first or better assets and then they did they default if after the can't sell off those assets well that financial fragility
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in my book systemic fragility in the global economy is an indicator of pending financial instability and i think we're approaching that and we may see that emerge in the next year or two. ok let's talk more specifically now about twitter which has just lost a million users have to purging fake account cia a cohen internet lore expert and social media and if he joins me on the line do you think twitter is per g.'s really are we doing out fake accounts could they potentially be used as a pretext to suppress certain kinds of information what do you make of it. oh certainly from the state been the treat there is east rude only yesterday it seems the truth there is being used or even on its own an issue is being manipulated in manipulating the tweets the people are seeing to it or only said it doesn't do based on political viewpoint but he doesn't give us any other
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information on what basis is those three to. manipulate or choose the each week it's followers see they don't see and this is together with the huge amount of fake accounts that seem to be no where all that exists to grow a longtime. it is slightly problematic i have to say. i'm quite worried about it it's problematic but is it illegal done some suggesting twitter could be breaking laws by reducing the visibility of certain twitter users is there a legal framework there now that they are breaking or do we need more legislation and other lawmakers only catching up now with the begin tonight companies in the u.k. lawmakers are catching up and there are talks about creating new laws to prevent manipulation of public opinion during election time in the election
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campaigning we know that in the united states many people a thing of you point is a big issue we know that the number of investigations ongoing investigations into the alleged involvement of russian the russian government. so it seems to me. what you know truck we suggest is the trip there ought to be investigated. in relation to it due to manipulating public opinion which it hasn't been i. do you think that people have been putting too much trust in these big social media companies you know they've enjoyed using then it's largely been free now they've just been putting too much trust in and now it's coming back to bite them i think people are quite smart that they understand not everything they read and treat their is is true is correct but what people don't expect is to be
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manipulated if if if you believe that what they see is real time feed off of people before long and demi transpired it actually only viewing select the. content had been selected for them but to return without telling them about this. this is where i think we are risking. you know but public trust will be eroded there's no question about it it is a highly disciplined thing we remember that facebook two years ago made a big deal about. you know each game you can glean without and said you know you're going to be selective with what information people are seeing on facebook that's ok there is no pick and clean with so it's been doing this without any sort of transparency which is highly worrying chris just lost
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a huge chunk of its valuation based on you know has less uses than than it did have lost something around the region of the nearly in paypal why do you think that is. well there could be two reasons but these are first they. didn't believe berkeley allowed in inflation artificial inflation or fuses knowing very well that at least seven percent of those users had been fake accounts but nevertheless did nothing about it and second is the issue of a lack of transparency and things seem to be coming out now and of course once you know what was the reason perception of lack of transparency investors starting to lose weight in the in their investment when investment investors are looking for results the transparency that on things like this i mean twitter could potentially be facing our federal investigation now into well into the alleged manipulation of
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public opinion. i remember when twitter was only just beginning and you know some of these companies on the internet of have grown very quickly and some of them die away just as fast what do you think the future is for twitter in particular it is very interesting because when trigger us started they had only one rule and their rule was there's no rules here are we just going to be open we're going to keep it simple. and we know going to manipulate content separately not and we're not going to weed out an economy just going to promote free speech on anyone and everyone can say whatever they want. and to see the company is go out into a situation where it is manipulating walks information it's uses a seeing i think that. there is a concern that it had been perhaps politically influenced by by certain people by
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seven body perhaps by by by political parties the consent of course is true there has become political. yeah it's been great to speak to really appreciate your time some fascinating opinions there my guest internet lore expert social media solicitor thank you. u.s. lawmakers and the american civil liberties union are raising the alarm over amazon's facial recognition tool this is after it falsely matched photos of members of congress with criminals there are now calls for a ban on its use by law enforcement and identification with that accurate or not could cost people their freedom or even their lives congress must take these threats seriously hit the brakes and enact a moratorium on law enforcement use of face recognition now the american civil liberties union compared photographs of all the members of the u.s. congress with a large database of criminal mug shots facial recognition till may twenty eight matches all of them were false eleven of the mismatches involve people of color and
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that's prompted additional concern because the union is claiming that the till has an inbuilt racial bias with forty percent of mismatches involving people of color even though congress which form the test group is overwhelmingly white we spoke to technology analyst roger care about the issue when the after is trained to recognize faces it has to train our corpus in the corpus is made up of lots of the images that people in it for whatever reason the images are mainly prosecution people and it will be better at recognizing them some of the minorities if they weren't well represented in the training center so if you just grabbing any images that you find and many of them will be dark you know absolutely people who have darker skin tones may just do just may be harder to see it should be understood that their visual recognition is not a matter photograph and period to another photograph and say no this one looks like that and that's what is human we do not want to
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a computer do ours is measures points. in may the a.c.l.u. revealed amazon's trying to sell its facial recognition technology to government and police agencies and that led numerous civil liberties groups to join together and campaign against it even amazon workers joined the protest but the technology is already being tested by some u.s. police departments the next of course comedy as kate said you could expect this public safety commission is are already working with government agencies to deploy this technology at the a.c.l.u. we obtain records that show that amazon signed a secrecy agreement with one county to keep details about the technology out of public view they've also invited law enforcement to suggest new features and they offered free consulting to help the city of orlando build its own system that was on his hit back of the a.c.l.u.'s test though saying that it had used lower accuracy settings than recommended while eighty percent confidence is an acceptable
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threshold for photos of hot dogs chairs animals or other social media use cases it wouldn't be appropriate for identifying individuals with a reasonable level of certainty when he is in facial recognition for law enforcement activities we guide customers to set a threshold of at least ninety five percent or higher management point of view what they said was that the train there are law enforcement clients not to use the software or who are making decisions but rather to narrow down the pool to where human can look at the final result and verify yes these do make sense the people who are not the same people amazon are saying well we think it's quite helpful we can find lost children we can find criminals and things and that's all very positive but then the a.c.l.u. is yes but you also may use that as a way to sweep up people there's a possibility of abuse of the technology and there's also the use of it for good.
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israeli soldiers of the gaza border have killed three palestinians including a teenager and wounded eighty others according to gaza's health ministry people have been demanding the return of territories they claim historically belong to palestine and journalist working with r.t. dari is covering developments there is she was caught in tear gas fired by israeli defense forces the protesters. there. were no human. body.
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