Digest: Meta Reduces Reliance on Third-Party Vendors for Content Moderation in Favour of AI; Walmart Secures Patents for Algorithmic Pricing
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Digest: Meta Reduces Reliance on Third-Party Vendors for Content Moderation in Favour of AI; Walmart Secures Patents for Algorithmic Pricing
"Meta Platforms has announced plans to expand the use of advanced AI in content moderation, signalling a further shift away from third-party vendors. The strategy represents a wider shift in Meta's approach to moderation, reducing reliance on external moderation partners and focusing on its internal AI systems."
"Walmart has secured a series of US patents designed to expand the use of machine learning in pricing decisions, underscoring the retailer's growing focus on automated operations. One patent covers a system for dynamically updating product prices, particularly to manage markdowns in its ecommerce division."
"The move comes as lawmakers in several US states scrutinise 'dynamic pricing' practices for essential goods. Walmart has emphasised that its new technologies are intended to optimise internal pricing decisions rather than enable unfair pricing strategies."
Meta Platforms is expanding its use of AI in content moderation, moving away from third-party vendors. The company plans to implement AI systems that will handle tasks like detecting terrorism and fraud. Human reviewers will still manage complex decisions. Walmart has secured patents for machine learning in pricing, focusing on dynamic updates and demand forecasting. This innovation aims to enhance internal pricing strategies amid scrutiny of dynamic pricing practices by lawmakers.
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