IT and Media news updates May 17

IT and Media news updates May 17

Twitter deal “cannot move forward”

Elon Musk has tweeted that his deal to buy Twitter “cannot move forward” unless Twitter proves its claims that less than 5% of accounts are fake or spam accounts. Referring to doubts about the number of fake accounts, Musk earlier announced that the deal is on hold until the management can back up its statement of less than 5% are fake accounts, bots etc.

“My offer was based on Twitter’s SEC filings being accurate. Yesterday, Twitter’s CEO publicly refused to show proof of <5% (spam accounts). This deal cannot move forward until he does,” Musk said in a tweet.

Hours later, Twitter said it was committed to completing the deal at the agreed price and terms “as promptly as practicable.”

Musk´s tweet seems to later have been deleted.

Analysts have speculated that Musk wants to re-negotiate the price of the deal or even back out of it. On Monday, Musk also said he could seek a lower price for Twitter. Musk has earlier agreed to buy the company and pay USD 44 billion.

AI efficient but disliked for job hiring

Artificial Intelligence (AI) job hiring is equal to or better than human hiring but candidates applying for jobs are overwhelmingly negative to AI in the hiring process, according to a new study by The Inclusion Initiative at London School of Economics and Political Science (LSE).

AI hiring improves efficiency in hiring by being faster, increasing the fill-rate for open positions, and recommending candidates with a greater likelihood of being hired after an interview. Overall, AI hiring resulted in more diverse outcomes than human hiring”, the LSE says.

However, authors analysis revealed overwhelmingly negative responses to AI hiring. ”They found that people trust AI hiring less than human hiring because they have privacy concerns, they find AI less personable, and they view organisations deploying AI hiring less attractive than those hiring through humans.”

 

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