Connect with us

Published

on

US President Joe Biden walks to Marine One on the South Lawn of the White House July 16, 2021, in Washington, DC.
Brendan Smialowski | AFP | Getty Images

Facebook on Saturday refuted remarks made by President Joe Biden that social media platforms are “killing people” by allowing coronavirus vaccine misinformation on their services and argued that vaccine acceptance among its users has actually risen in the U.S.

In a blog post, Guy Rosen, Facebook’s vice president of integrity, pointed to data suggesting that vaccine hesitancy among U.S. its users has declined by 50%, and 85% of users said they have been or would like to be vaccinated against Covid-19. 

“These and other facts tell a very different story to the one promoted by the administration in recent days,” Rosen wrote.

Rosen also pointed to the Biden administration’s narrowly missed goal to vaccinate 70% of Americans by July 4, arguing that Facebook “is not the reason this goal was missed.”

The response from Facebook comes after the president, on the South Lawn of the White House on Friday, was asked what his message was to companies like Facebook with respect to Covid misinformation. In response to the question, Biden responded: “They’re killing people.”

“I mean they really, look, the only pandemic we have is among the unvaccinated, and that’s — they’re killing people,” the president said, echoing earlier comments from White House press secretary Jen Psaki.

Psaki, at a news briefing last week, said the Biden administration was flagging problematic posts for Facebook that spread misinformation, including false information that the Covid-19 vaccine causes infertility.

The press secretary urged Facebook and other social media companies to address misinformation, including publicly sharing data regarding the impact of misinformation on their services, promoting quality information sources in their feed algorithm, and taking faster action against harmful posts.

Deaths from Covid-19 are increasing again in the U.S. as the delta variant affects largely unvaccinated pockets of the country, according to the Centers for Disease Control and Prevention. The U.S. is reporting an average of 530,000 vaccinations each day over the past week.

Read the full Facebook blog post here:

At a time when COVID-19 cases are rising in America, the Biden administration has chosen to blame a handful of American social media companies. While social media plays an important role in society, it is clear that we need a whole of society approach to end this pandemic. And facts — not allegations — should help inform that effort. The fact is that vaccine acceptance among Facebook users in the US has increased. These and other facts tell a very different story to the one promoted by the administration in recent days.  

Since April 2020, we’ve been collaborating with Carnegie Mellon University and University of Maryland on a global survey to gather insights about COVID-19 symptoms, testing, vaccination rates and more. This is the largest survey of its kind, with over 70 million total responses, and more than 170,000 responses daily across more than 200 countries and territories. For people in the US on Facebook, vaccine hesitancy has declined by 50%; and they are becoming more accepting of vaccines every day.

Since January, vaccine acceptance on the part of Facebook users in the US has increased by 10-15 percentage points (70% → 80-85%) and racial and ethnic disparities in acceptance have shrunk considerably (some of the populations that had the lowest acceptance in January had the highest increases since). The results of this survey are public and we’ve shared them — alongside other data requested by the administration — with the White House, the CDC and other key partners in the federal government. 

The data shows that 85% of Facebook users in the US have been or want to be vaccinated against COVID-19. President Biden’s goal was for 70% of Americans to be vaccinated by July 4. Facebook is not the reason this goal was missed.

In fact, increased vaccine acceptance has been seen on and off Facebook, with many leaders throughout the US working to make that happen. We employed similar tactics in the UK and Canada, which have similar rates of Facebook usage to the US, and those countries have achieved more than 70% vaccination of eligible populations. This all suggests there’s more than Facebook to the outcome in the US.

Now vaccination efforts are rightly turning to increasing access and availability for harder-to-reach people. That’s why we recently expanded our pop-up vaccine clinics in low-income and underserved communities. To help promote reliable vaccine information to communities with lower access to vaccines, we are using the CDC’s Social Vulnerability Index. This is a publicly available dataset that crisis and health responders often use to identify communities most likely to need support, as higher vulnerability areas have had lower COVID-19 vaccination coverage

We have been doing our part in other areas, too: 

  • Since the pandemic began, more than 2 billion people have viewed authoritative information about COVID-19 and vaccines on Facebook. This includes more than 3.3 million Americans using our vaccine finder tool to find out where to get a COVID-19 vaccine and make an appointment to do so.
  • More than 50% of people in the US on Facebook have already seen someone use the COVID-19 vaccine profile frames, which we developed in collaboration with the US Department of Health and Human Services and the CDC. From what we have seen, when people see a friend share they have been vaccinated, it increases their perceptions that vaccines are safe. 
  • We’re continuing to encourage everyone to use these tools to show their friends they’ve been vaccinated. For those who are hesitant, hearing from a friend who’s been vaccinated is undoubtedly more impactful than hearing from a large corporation or the federal government. 

And when we see misinformation about COVID-19 vaccines, we take action against it. 

  • Since the beginning of the pandemic we have removed over 18 million instances of COVID-19 misinformation. 
  • We have also labeled and reduced the visibility of more than 167 million pieces of COVID-19 content debunked by our network of fact-checking partners so fewer people see it and — when they do — they have the full context. 

In fact, we’ve already taken action on all eight of the Surgeon General’s recommendations on what tech companies can do to help. And we are continuing to work with health experts to update the list of false claims we remove from our platform. We publish these rules for everyone to read and scrutinize, and we update them regularly as we see new trends emerge. 

The Biden Administration is calling for a whole of society approach to this challenge. We agree. As a company, we have devoted unprecedented resources to the fight against the pandemic, pointing people to reliable information and helping them find and schedule vaccinations. And we will continue to do so.

CNBC’s Salvador Rodriguez contributed to this report.

Continue Reading

Technology

eToro wants to bring its trading app to Apple Vision Pro and Meta Quest headsets

Published

on

By

eToro wants to bring its trading app to Apple Vision Pro and Meta Quest headsets

An Apple Vision Pro mixed reality (XR) headset is seen at Apple store in New York, United States on Feb. 3, 2024.

Fatih Aktas | Anadolu | Getty Images

Online brokerage firm eToro is exploring ways to bring its retail trading app to augmented and virtual reality headsets from Apple and Meta, the company’s CEO Yoni Assia told CNBC exclusively.

EToro, which operates a trading platform on which users can buy and sell a range of assets ranging from stocks and exchange-traded funds to cryptocurrencies like bitcoin, is looking at ways of launching on Apple Vision Pro and Meta Quest.

If eToro succeeds in getting onto the Vision Pro and other VR devices, it would mark a rare step from a financial services firm to open up what is effectively a storefront in a virtual reality environment.

Assia said that artificial intelligence is a big focus for the firm and it is looking to integrate features that focus on giving users the ability to interact with the app via voice.

However, AR and VR are also a priority for the firm.

“We are planning to look at how we think about eToro with natural language, with voice, but actually also in the realm of AR VR, during 2024,” Assia told CNBC last week.

He didn’t provide a timeline for when eToro expects to launch an AR experience, and added that it remains an experiment the company is still exploring for the moment.

However, he suggested it will be a serious focus for the firm in 2024.

Financial firms such as JPMorgan and Citi have talked a big game about the “metaverse.” But this has been more in relation to desktop environments like Decentraland. And even then, hype surrounding digital real estate platforms like that has dropped off a cliff in the past couple years.

Limitations

It’s not yet fully fleshed out as a service.

But, on a simple level, eToro’s experience would allow users to pick stocks to buy and sell by touching digital screens within Apple’s Vision Pro and Meta’s Quest devices.

“You could actually now talk to the eToro app through the speaker [of your VR headset],” Assia said.

“I don’t think a lot of people are used to talking to their mobile phone asking questions, yet.” However, Assia expects this to become more mainstream.

Financial companies have refrained from taking big steps into virtual reality as the technology hasn’t proven its utility for something like banking or wealth management.

There are some technical limitations to consider.

While modern-day VR and AR headsets are getting better at tracking users’ eye movements, images can appear blurry if the display settings aren’t finetuned.

EToro said its augmented reality app would likely be a service that its more advanced traders will use, not necessarily casual retail traders or day traders.

“We’re starting to experiment with it,” Assia told CNBC in an exclusive interview. “Do I think it’s going to be hugely popular in 2024? Probably not probably, it’s still premature.”

“But I do think in the world of trading and investing, when we think of the vast amount of information, we’re trying to sort of constantly look at it to make smarter decisions,” he added.

The augmented reality experience would likely be enhanced with artificial intelligence, Assia noted, with a personal AI assistant helping users through the investing process.

“This is still in very initial discussions,” Assia noted, but added he thinks the firm could be ready to show off a prototype “in a couple of months.”

Continue Reading

Technology

Smartphone makers are dreaming of a ‘supercycle’ driven by AI. Analysts disagree   

Published

on

By

Smartphone makers are dreaming of a 'supercycle' driven by AI. Analysts disagree   

Samsung Electronics’ flagship smartphones Galaxy S24 series are displayed during their unveiling ceremony in Seoul, South Korea, January 15, 2024. 

Kim Hong-ji | Reuters

BARCELONA – Smartphone makers are talking a big game about artificial intelligence this year. 

And they’re so confident about features they’re cramming into their phones that they think it’ll drive a new “supercycle” for the industry. 

Samsung, Google, and Chinese firm Honor are among the names that are beefing up their latest handsets with AI-powered features for translating and summarizing conversations and taking and editing photos with the power of generative AI algorithms. 

These are algorithms that are baked into the devices’ chips themselves, rather than accessed via the cloud. 

Samsung has gone big on generative AI with its Galaxy S24 Ultra smartphone. 

Google, too, has integrated AI directly into its latest Pixel phones. 

Apple, meanwhile, is also reportedly exploring the addition of on-device AI features to the next iPhone, per the Financial Times

'Sea of sameness': Are smartphone makers out of ideas?

This is all coming at a time when Mobile World Congress, the mobile technology industry’s biggest trade show of the year, is kicking off. 

Major device makers like Samsung, Huawei, Honor, and Oppo, plus chip companies like Qualcomm and MediaTek, are expected to talk a big game about how much AI is transforming our personal devices. 

When was the last smartphone supercycle? 

Smartphone makers have been dreaming of a “supercycle” in their industry, driven by AI, after a bruising few years that saw device sales slow aggressively. 

In 2023, smartphone sales fell to 1.16 billion units, the lowest point for unit shipments in a decade. 

The last “supercycle” in smartphones happened between 2010 and 2015, where in five years the market grew fivefold from roughly 300 million units sold per year to 1.5 billion units, according to IDC data. 

That came at a time when smartphones were just starting to become mainstream thanks to the emergence of widely used applications: Facebook, Instagram, WhatsApp, Uber, Snapchat, Twitter, and Candy Crush Saga, to name a few. 

“The growth happened not just because Apple launched the iPhone, or because Google launched Android,” Francisco Jeronimo, vice president of data and analytics at research firm IDC, told CNBC. 

“What really made it successful, that supercycle, was the fact that people were able to get the internet in their pocket,” Jeronimo said, in a phone interview with CNBC. 

The evolution of Apple's iPhone and how it changed the world

Other things were happening at the time, including the ability to make video calls over the internet with 3G, and the transition to 4G which meant faster speeds. 

“We saw very popular operating systems not just the browser, but a world of applications that brought so many services and so much content through the phone,” Jeronimo said. 

Ben Wood, chief analyst of CCS Insight, pinpoints the unveiling of the iPhone as the last “seismic disruption” that took place in the industry.  

“Everything since then has been less disruptive,” Wood told CNBC. 

‘AI phone era’

Major smartphone players are betting that a supercycle is about to happen thanks to AI. 

Samsung, which launched the Galaxy S24 Ultra earlier this year, thinks that there’s a strong chance that AI will drive a new dawn that can breathe fresh life into the industry. 

James Kitto, Samsung’s head of mobile experience division in the U.K., told CNBC the mobile industry is at the start of a new era of hypergrowth driven by AI. 

“There’s every expectation that will be the case. We’re seeing some really, really high demand,” Kitto told CNBC from Samsung’s European headquarters in Chertsey, England. 

The Galaxy S24 came with the ability to circle an object on your camera and pull up Google Search results for it, as well as live translation of phone calls to people speaking in foreign languages. 

“We’re right now at the dawning of an entirely new era, an AI phone era,” Kitto said.

Brian Rakowski, vice president of product management for Google’s Pixel phone unit, said he expects AI to drive renewed interest around mobile technology. 

Google has been working on integrating AI into its devices for years, most notably with the addition of Tensor line of smartphone processors. 

“We already saw that AI was going to be the differentiator and the next wave of innovation across all technology but especially mobile,” Rakowski told CNBC. “It is so key to everything all our computing lives and computing platform.” 

The smartphone market has shifted toward the premium, market research firm says

Google recently made it possible for its Tensor Processing Units, or TPUs, to run its Gemini nano AI system. This is a smaller version of its family of large language models which come under the umbrella name Gemini. 

Google is expecting it will launch more advanced versions of Gemini on Android next year, according to Rakowski.

“We’ve placed a lot of bets and have really close collaboration with the research team at [AI lab] DeepMind to make sure Pixel is the best way to showcase and surface what’s coming down the pipe,” Rakowski said. 

“No one knew that LLMs would be the thing. But we expected breakthroughs in the space,” he added. 

Why a supercycle is unlikely

Analysts say a supercycle is unlikely to occur within the next few years as there’s not enough going on in the market in terms of novel features and innovation that will convince people holding their aging smartphones to upgrade. 

Sales are expected to see growth this year, according to IDC, with smartphone shipments expected to climb 2.4% this year to 1.19 billion units in 2024. But that’s coming off a low base, and overall represents lackluster growth for an industry.

Growth is expected to remain stagnant from there in the coming years, with IDC forecasting incremental year-over-year increases of between 2% and 3% from 2025 to 2028.

Consumers remain wary about the prospect of upgrading their smartphones today as the prices for upgrading are still elevated.  

Plus, much of the latest models that are coming out are still only touting incremental improvements on what came before. 

“Much as the potential of AI on smartphones is an exciting prospect, I don’t believe the technology will contribute to a new supercycle for smartphone sales,” Wood told CNBC via email. 

“At best it will help sustain sales and add a little bit of extra interest in smartphones at a time when the hardware is becoming increasingly boring.” 

Today, there’s not enough excitement about smartphones on a broader level to justify a sales boom of the kind many companies are dreaming up. 

That will change in the coming years, according to Jeronimo — but only once artificial intelligence starts becoming useful for consumers. 

“If there’s anything that could make [a supercycle] happen, it would be AI,” Jeronimo said. “But with AI, there’s this question mark of how much the phone will become intelligent.” 

Smartphones today “are not intelligent,” he added. 

“If you see a billboard of the latest Tarantino or ‘Mission Impossible’ movie, what do you do? You need to open an app, book tickets in that app, send texts to your wife, text where she needs to go, go into your calendar app, check when is the best day to go to the movie, and so on.” 

Plenty of companies are working on tech that can do exactly this.

For example, Humane has its AI Pin, a compact, square-shaped device that users can speak with to ask it to do certain tasks like setting reminders. It uses OpenAI’s large language models to do so.  

Another startup, Rabbit, has a similar device. Geely-owned firm Meizu, meanwhile, recently said it’s giving up on making Android smartphones in favor of creating an AI-focused hardware product.

Continue Reading

Technology

Samsung unveils new memory chip with ‘highest-capacity to date’ for AI

Published

on

By

Samsung unveils new memory chip with 'highest-capacity to date' for AI

Samsung logo displayed on a glass door at the company’s Seocho building in Seoul on July 7, 2022. Samsung Electronics has begun applications for tax breaks for 11 potential chip plants in Texas adding up to investments of about $192 billion, according to documents filed with Texas authorities.

Jung Yeon-je | Afp | Getty Images

Samsung Electronics on Tuesday said it has developed a new high-bandwidth memory chip that has the “highest-capacity to date” in the industry.

The South Korean chip giant claimed the HBM3E 12H “raises both performance and capacity by more than 50%.”

“The industry’s AI service providers are increasingly requiring HBM with higher capacity, and our new HBM3E 12H product has been designed to answer that need,” said Yongcheol Bae, executive vice president of memory product planning at Samsung Electronics.

“This new memory solution forms part of our drive toward developing core technologies for high-stack HBM and providing technological leadership for the high-capacity HBM market in the AI era,” said Bae.

Samsung Electronics is the world’s largest maker for dynamic random-access memory chips, which are used in consumer devices such as smartphones and computers.

Generative AI models such as OpenAI’s ChatGPT require large numbers of high-performance memory chips. Such chips enable generative AI models to remember details from past conversations and user preferences in order to generate humanlike responses.

The AI boom continues to fuel chipmakers. U.S. chip designer Nvidia posted a 265% jump in fourth fiscal quarter revenue thanks to skyrocketing demand for its graphics processing units, thousands of which are used to run and train ChatGPT.

During a call with analysts, Nvidia CEO Jensen Huang said the company may not be able to maintain this level of growth or sales for the whole year.

“As AI applications grow exponentially, the HBM3E 12H is expected to be an optimal solution for future systems that require more memory. Its higher performance and capacity will especially allow customers to manage their resources more flexibly and reduce total cost of ownership for datacenters,” said Samsung Electronics.

Samsung said it has started sampling the chip to customers and mass production of the HBM3E 12H is planned for the first half of 2024.

Samsung is likely to see 'very strong' improvement in earnings, analyst says

“I assume the news will be positive for Samsung’s share price,” SK Kim, executive director of Daiwa Securities, told CNBC.

“Samsung was behind SK Hynix in HBM3 for Nvidia last year. Also, Micron announced mass production of 24GB 8L HBM3E yesterday. I assume it will secure leadership in higher layer (12L) based higher density (36GB) HBM3E product for Nvidia,” said Kim.

In September, Samsung secured a deal to supply Nvidia with its high-bandwidth memory 3 chips, according to a Korea Economic Daily report, which cited anonymous industry sources.

The report also said that SK Hynix, South Korea’s second-biggest memory chipmaker, was leading the high-performance memory chip market. SK Hynix was previously known as the sole mass producer of HBM3 chips supplied to Nvidia, the report said.

Samsung said the HBM3E 12H has a 12-layer stack, but applies advanced thermal compression non-conductive film which allows the 12-layer products to have the same height specification as 8-layer ones to meet current HBM package requirements. The result is a chip that packs more processing power, without increasing its physical footprint.

“Samsung has continued to lower the thickness of its NCF material and achieved the industry’s smallest gap between chips at seven micrometers (µm), while also eliminating voids between layers,” said Samsung. “These efforts result in enhanced vertical density by over 20% compared to its HBM3 8H product.”

Continue Reading

Trending