SAN FRANCISCO: The Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.
The system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin’s value stable. Bitcoin and similar cryptocurrencies have been susceptible to wild fluctuations in value.
It could reportedly undermine credit cards by sidestepping the processing fees that generate much of their revenue.
The Journal report cited unidentified people familiar with the matter. It said Facebook is recruiting dozens of financial firms and online merchants to launch the network. Facebook’s plans may include ways to financially reward users who interact with ads or other features.
Facebook says only that it is exploring many different applications for cryptocurrency technology.
Facebook considering its own bitcoin for payments
Facebook considering its own bitcoin for payments
Saudi Arabia beat Thailand to edge closer to AFC U-23 Asian Cup quarterfinals
- The 5-0 win leaves the Green Falcons top of Group C of the tournament, which acts as qualification for this summer’s Olympic Games in Paris
DOHA: Saudi Arabia on Friday night thrashed Thailand 5-0 to edge closer to the quarterfinals of the 2024 AFC U-23 Asian Cup.
The win at Khalifa International Stadium leaves the Green falcons top of Group C with a maximum of six points from three two matches.
Iraq, who defeated Tajikistan 4-2 later on Friday, sit in second with three points, with Thailand third on goal difference. Tajikistan, with two defeats, are bottom of the group with no points.
A win or draw for Saudi Arabia against Iraq on Monday will secure top spot in the group and progress to the last eight.
Saudi took the lead against Thailand after four minutes through Ayman Yahoo’s third goal of the tournament, before Ahmed Al-Ghamdi and Abdullah Radif scored in first-half stoppage time to all but end the match as content.
Radif went on to complete his hat trick with strikes in the 52nd and 73rd minutes.
The U-23 Asian Cup, which runs until May 3, also provides a pathway to the men’s football competition at the 2024 Olympic Games in Paris.
The tournament sees 16 nations split into four groups of four teams, with the top two from each progressing to the quarterfinals. The competition also serves as a route to the Olympic Games in Paris this summer, with the winners of the two semifinals both securing automatic qualification.
The two losing semifinalists will contest third place, with the winners also booking a place in Paris, while the fourth-place finishers have a final chance with a play-off against an African qualifier.
Loughnane tops 2024 PFL featherweight stands after first-round win in Chicago
- Umalatov, Musaev, Braga, Yamauchi, Khizriev, Borics, Kamaka, Ramazanov, Madge also earn 2024 PFL Global Season victories
CHICAGO: The Professional Fighters League on Friday returned for its third Global Season event of 2024 at Wintrust Arena in Chicago, with Brendan Loughnane emerging the big winner of the night to top the featherweight standings.
The 12-fight card, featuring combatants in the welterweight and featherweight divisions, was the final event of the first half of the 2024 PFL Global Season.
Loughnane, the “Pride of Manchester,” stepped into the PFL SmartCage on a mission. The 2022 PFL featherweight champion secured a first-round TKO victory over Pedro Carvalho. The victory gives Loughnane six points in the featherweight standings and the 15th knockout of his career, and he is now one step closer to a return to the PFL Playoffs.
The evening’s main event featured a strategic battle between Andrey Koreshkov and Magomed Umalatov in a highly anticipated welterweight bout. Both combatants showed their technical prowess, with Umalatov pulling away and securing a unanimous decision, keeping his perfect record intact.
Logan Storley matched up with Shamil Musaev in more welterweight action. Musaev put on an impressive display and dispatched Storley in the second round via KO. The result improved Musaev’s record to 17-0-1 with 10 wins by KO, and earned five points in the division.
2023 PFL featherweight runner-up Gabrial Braga unleashed a flurry of strikes against Justin Gonzalez, resulting in an emotional first-round knockout and a gain of six points. Braga dedicated the victory to his father, Diego, whom he lost in January.
“Tonight was a fitting end to the first half of the 2024 PFL Global Season, the toughest test in MMA, with the best welterweights and featherweights providing unrivaled action to fans worldwide,” said PFL CEO Peter Murray. “As we head into the second half of the 2024 PFL Global Season, fighters and fans alike know what it will take to clinch a PFL Playoff berth and continue the million-dollar journey. It is time to win or go home.”
“The PFL athletes provided another spectacular night of fights as we wrap up the first half of the 2024 PFL Global Season,” said Ray Sefo, president of fighter operations at PFL. “The PFL’s season format provides the best action and highest stakes in all MMA.”
Goiti Yamauchi and Neiman Gracie went toe-to-toe for three rounds in other welterweight action. Yamauchi won a hard-fought unanimous decision, improving his career record to 29-6 and earning three points in the standings.
Kai Kamaka and Bubba Jenkins showcased skill and determination in the featherweight division. Kamaka topped Jenkins via a unanimous-decision victory and earned three points, bringing his winning streak to four.
Adam Borics and Enrique Barzola duked it out in featherweight division action with the bout going the three-round distance. The judges awarded Borics the unanimous decision and three points in the PFL Global Season standings.
In other PFL Global Season featherweight action, Timur Khizriev and Brett Johns stepped into the PFL SmartCage. Both men traded blows for three rounds, but it was Khizriev who earned the unanimous decision and three points in the division.
Welterweight action continued with Laureano Staropoli facing Murad Ramazanov. After a brief back-and-forth exchange, Ramazanov submitted Staropoli with a rear naked choke in the first round and was awarded six points.
The first PFL Global Season welterweight bout featured Don Madge and Brennan Ward. Madge used his exceptional wrestling technique to secure the win by submitting Ward in the first round and earned six points.
In a PFL featherweight alternate bout, Tyler Diamond collided with Otto Rodrigues. Both men left it all in the PFL SmartCage, but ultimately Diamond came away victorious via a unanimous decision.
Starting the night was a PFL welterweight showcase bout between Romain Debienne and Thad Jean. Jean ended the fight quickly, knocking out Debienne at 2:07 in the first round.
Death toll from heavy rains in northwestern Pakistan rises to 46
- Forty-six casualties include 25 children, 12 men and nine women, says Provincial Disaster Management Authority
- Heavy rains and lightning strikes have killed at least 36 people in Pakistan’s Punjab and Balochistan provinces since April 12
Peshawar: The death toll from rain-related incidents in northwestern Pakistan rose to 46 on Saturday, the Provincial Disaster Management Authority (PDMA) said on Saturday, while the number of injured climbed to 60.
“As many as 25 children, 12 men and nine women are among those who died in rain-related incidents during the last eight days,” the report said about heavy rains that began in the province last Friday, April 12.
The number of injured has risen to 60, which includes 33 men, 16 children and 11 women, the PDMA said.
The current spell of showers is likely to continue till April 21, the PDMA said this week. The provincial government has released Rs110 million to be distributed among the affected families and dispatched aid, including tents, kitchen kits, blankets, hygiene kits, mosquito nets and mattresses, to the affected areas, according to the authority.
As the rains are expected to continue intermittently until April 21, the PDMA said it had already a letter to all district administrations to remain alert and take precautionary measures.
In the southwestern Balochistan province, heavy rains have killed 15 people since Friday and triggered flash floods in several areas, according to provincial authorities.
Balochistan Chief Minister Sarfaraz Bugti said climate change had become a “challenge” for the provincial government.
“Current rains are unusual which were never reported in a thousand years,” he told reporters on Friday. “The government has been helping the masses with available resources and our teams have reached all districts to help the people affected by rains and floods.”
Pakistan has received heavy rains in the last three weeks that have triggered landslides and flash floods in several parts of the South Asian country.
The eastern province of Punjab has reported 21 lighting- and roof collapse-related deaths, while Balochistan, in the country’s southwest, reported 10 deaths as authorities declared a state of emergency following flash floods.
In 2022, downpours swelled rivers and at one point flooded a third of Pakistan, killing 1,739 people. The floods also caused $30 billion in damages, from which Pakistan is still trying to rebuild.
AI’s relentless rise gives journalists tough choices
- AI tools imitating human intelligence are used to transcribe sound files, summarize texts and translate
- Columbia University teacher says collaborating with AI “tempting” in the face of increasingly right media resources
PERUGIA, Italy: The rise of artificial intelligence has forced an increasing number of journalists to grapple with the ethical and editorial challenges posed by the rapidly expanding technology.
AI’s role in assisting newsrooms or transforming them completely was among the questions raised at the International Journalism Festival in the Italian city of Perugia that closes on Sunday.
AI tools imitating human intelligence are widely used in newsrooms around the world to transcribe sound files, summarize texts and translate.
In early 2023, Germany’s Axel Springer group announced it was cutting jobs at the Bild and Die Welt newspapers, saying AI could now “replace” some of its journalists.
Generative AI — capable of producing text and images following a simple request in everyday language — has been opening new frontiers as well as raising concerns for a year and a half.
One issue is that voices and faces can now be cloned to produce a podcast or present news on television. Last year, Filipino website Rappler created a brand aimed at young audiences by converting its long articles into comics, graphics and even videos.
Media professionals agree that their trade must now focus on tasks offering the greatest “added value.”
“You’re the one who is doing the real stuff” and “the tools that we produce will be an assistant to you,” Google News general manager Shailesh Prakash told the festival in Perugia.
The costs of generative AI have plummeted since ChatGPT burst onto the scene in late 2022, with the tool designed by US start-up OpenAI now accessible to smaller newsrooms.
Colombian investigative outlet Cuestion Publica has harnessed engineers to develop a tool that can delve into its archives and find relevant background information in the event of breaking news.
But many media organizations are not making their language models, which are at the core of AI interfaces, said University of Amsterdam professor Natali Helberger. They are needed for “safe and trustworthy technology,” he stressed.
According to one estimate last year by Everypixel Journal, AI has created as many images in one year as photography in 150 years.
That has raised serious questions about how news can be fished out of the tidal wave of content, including deepfakes.
Media and tech organizations are teaming up to tackle the threat, notably through the Coalition for Content Provenance and Authenticity, which seeks to set common standards.
“The core of our job is news gathering, on-the-ground reporting,” said Sophie Huet, recently appointed to become global news director for editorial innovation and artificial intelligence at Agence France-Presse.
“We’ll rely for a while on human reporters,” she added, although that might be with the help of artificial intelligence.
Media rights watchdog Reporters Without Borders, which has expanded its media rights brief to defending trustworthy news, launched the Paris Charter on AI and journalism late last year.
“One of the things I really liked about the Paris Charter was the emphasis on transparency,” said Anya Schiffrin, a lecturer on global media, innovation and human rights at Columbia University in the United States.
“To what extent will publishers have to disclose when they are using generative IA?“
Olle Zachrison, head of AI and news strategy at public broadcaster Swedish Radio, said there was “a serious debate going on: should you mark out AI content or should people trust your brand?“
Regulation remains in its infancy in the face of a constantly evolving technology.
In March, the European Parliament adopted a framework law aiming to regulate AI models without holding back innovation, while guidelines and charters are increasingly common in newsrooms.
AI editorial guidelines are updated every three months at India’s Quintillion Media, said its boss Ritu Kapur.
None of the organization’s articles can be written by AI and the images it generates cannot represent real life.
AI models feed off data, but their thirst for the vital commodity has raised hackles among providers.
In December, the New York Times sued OpenAI and its main investor Microsoft for violation of copyright.
In contrast, other media organizations have struck deals with OpenAI: Axel Springer, US news agency AP, French daily Le Monde and Spanish group Prisa Media whose titles include El Pais and AS newspapers.
With resources tight in the media industry, collaborating with the new technology is tempting, explained Emily Bell, a professor at Columbia University’s journalism school.
She senses a growing external pressure to “Get on board, don’t miss the train.”
Fighting flares at Myanmar-Thai border as rebels target stranded junta troops
- Resistance fighters and ethnic minority rebels seized the key trading town of Myawaddy on the Myanmar side of the frontier on April 11
Fighting raged at Myanmar’s eastern frontier with Thailand on Saturday, witnesses, media and Thailand’s government said, forcing about 200 civilians to flee as rebels pressed to flush out junta troops holed up for days at a bridge border crossing.
Resistance fighters and ethnic minority rebels seized the key trading town of Myawaddy on the Myanmar side of the frontier on April 11, dealing a big blow to a well-equipped military that is struggling to govern and is now facing a critical test of its battlefield credibility.
Three witnesses on the Thai and Myanmar sides of the border said they heard explosions and heavy machine gun fire near a strategic bridge from late on Friday that continued into early Saturday.
Several Thai media outlets said about 200 people had crossed the border to seek temporary refuge in Thailand.
Thai broadcaster NBT in a post on social media platform X said resistance forces used 40-milimeter machine guns and dropped 20 bombs from drones to target an estimated 200 junta soldiers who had retreated from a coordinated rebel assault on Myawaddy and army posts since April 5.
Reuters could not immediately verify the reports and a Myanmar junta spokesperson could not immediately be reached for comment.
Thai Prime Minister Srettha Thavisin said he was closely monitoring the unrest and his country was ready to provide humanitarian assistance if necessary.
“I do not desire to see any such clashes have any impact on the territorial integrity of Thailand and we are ready to protect our borders and the safety of our people,” he said on X. He made no mention of refugees.
BIG SETBACK
Myanmar’s military is facing its biggest challenge since first taking control of the former British colony in 1962, caught up in multiple, low-intensity conflicts and grappling to stabilize an economy that has crumbled since a 2021 coup against Nobel laureate Aung San Suu Kyi’s government.
The country is locked in a civil war between the military on one side and, on the other, a loose alliance of established ethnic minority armies and a resistance movement born out of the junta’s bloody crackdown on anti-coup protests.
The capture of Myawaddy and surrounding army outposts is a significant setback for a junta that has been squeezed by Western sanctions, with the town a key tax revenue source and conduit for more than $1 billion of annual border trade.
The Khaosod newspaper in a post on X showed a video of Myanmar civilians, many of them women and children, being marshalled by Thai soldiers at an entry point to Thailand.
Thailand had on Friday said no refugees had entered the country and it was discussing with aid agencies about increasing humanitarian relief to civilians on the Myanmar side.
