Business
Twitter Restricts Number Of Posts Users Can Read In AI Tussle
Elon Musk announced Saturday that Twitter would temporarily restrict how many tweets users could read per day, in a move meant to tamp down on the use of the site’s data by artificial intelligence companies.
The platform is limiting verified accounts to reading 6,000 tweets a day. Non-verified users — the free accounts that make up the majority of users — are limited to reading 600 tweets per day.
New unverified accounts would be limited to 300 tweets.
The decision was made “to address extreme levels of data scraping” and “system manipulation” by third-party platforms, Musk said in a tweet Saturday afternoon, as some users quickly hit their limits.
“Goodbye Twitter” was a trending topic in the United States following Musk’s announcement.
Twitter would “soon” raise the ceiling to 8,000 tweets per day for verified accounts, 800 for unverified accounts and 400 for new unverified accounts, Musk said.
Twitter’s billionaire owner did not give a timeline for how long the measures would be in place.
The day before, Musk had announced that it would no longer be possible to read tweets on the site without an account.
Much of the data scraping was coming from firms using it to build their AI models, Musk said, to the point that it was causing traffic issues with the site.
In creating AI that can respond in a human-like capacity, many companies feed them examples of real-life conversations from social media sites.
“Several hundred organizations (maybe more) were scraping Twitter data extremely aggressively, to the point where it was affecting the real user experience,” Musk said.
“Almost every company doing AI, from startups to some of the biggest corporations on Earth, was scraping vast amounts of data,” he said.
“It is rather galling to have to bring large numbers of servers online on an emergency basis just to facilitate some AI startup’s outrageous valuation.”
Twitter is not the only social media giant to have to wrangle with the rapid acceleration of the AI sector.
In mid-June, Reddit raised prices on third-party developers that were using its data and sweeping up conversations posted on its forums.
It proved a controversial move, as many regular users also accessed the site via third-party platforms, and marked a shift from previous arrangements where social media data had generally been provided for free or a small charge.
AFP
Business
OPay launches new office in Jos
” Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”
OPay has officially launched its new office in Jos, Plateau State.
Speaking at the event, OPay’s Chief Operations and Technology Officer, Dotun Adekunle, said that the new Jos office reflects OPay’s continued commitment to putting customers first and advancing financial inclusion across Nigeria.
He said :” Our customers are at the center of everything we do.
Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”
Business
Governor Otti Commissions Ultimum Manufacturing Plant in Aba
Razzle beverages include Razzl Pamplemousse (a unique and special grapefruit flavour), Razzl Cola, Razzl Orange, and Razzl Lemon.
Ultimum Limited, the manufacturers of Razzl brand of carbonated soft drinks has commissioned its state-of-the-art beverage manufacturing plant in Aba, Abia State.
Razzle beverages include Razzl Pamplemousse (a unique and special grapefruit flavour), Razzl Cola, Razzl Orange, and Razzl Lemon.
Located in the Osisioma Industrial Layout, the new plant was commissioned by the Governor of Abia State, Dr. Alex Chioma Otti.
Otti described the investment as a clear signal of economic revival and growing investor confidence in Abia State.
“This investment confirms that we are creating the right conditions for businesses to grow, thrive, and succeed. Investors will always go where there is clarity, stability, and opportunity.
Our focus has been to build that environment, and today’s commissioning shows that the strategy is working,” he said.
The Chairman of Ultimum Limited and representative of the investor group, Mr. Whalen Kadji, emphasized the company’s long-term commitment to Aba and Nigeria.
“We did not come here by chance. We came because of the energy and entrepreneurial spirit of Aba. This city has always been a center of enterprise, and we believe strongly in its future.
This plant is more than an investment in beverages; it is an investment in people, in jobs, and in the growth of local industry. We are here for the long term, and this is just the beginning of what we intend to build here.”
The Managing Director of Ultimum Limited, Mr. Austin Ufomba, described the plant as a bold step in the company’s journey.
“Ultimum Limited started with a simple idea, to build world-class products right here in Africa,”he said.
Business
Oil price jumps to $106, stocks drop on uncertainty over US-Iran talks
Crude prices rallied more than three percent on Thursday, with Brent crude above $106 per barrel and WTI around $93.
Oil prices jumped and equities slid Thursday as hopes for a peace deal between the US and Iran wavered after Tehran rejected Washington’s bid to wind down the nearly four-week war.
Markets had been buoyed this week by US President Donald Trump’s announcement that strikes targeting Iran’s energy infrastructure would be postponed, adding that the two sides were in peace talks.
But uncertainty over the talks and the virtual closure of the Strait of Hormuz — through which around 20 percent of oil and liquefied natural gas passes — have cast a shadow over market sentiment.
“The market rollercoaster continues,” said Joshua Mahony, chief market analyst at Scope Markets.
Crude prices rallied more than three percent on Thursday, with Brent crude above $106 per barrel and WTI around $93.
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