POLITICO article POLITICO:Google, Facebook and Twitter have spent more than $1 billion to fight bogus news and misinformation, including through the use of artificial intelligence, according to a new analysis from Politico.
The investment will allow Google, Yahoo and Twitter to use machine learning to help detect misinformation and fake news, as well as create tools that could improve public trust in the media.
The research, which Politico first reported last week, comes as a wave of fake news stories has hit social media in recent months, fueled by an explosion of conspiracy theories and fake claims.
While fake news has been a problem for many years, the proliferation of misinformation and misinformation-fueled attacks has become more virulent.
The new study found that false and misleading stories about government conspiracies and the role of the Federal Reserve in the global financial crisis were among the top 10 most frequently shared topics on Twitter last year.
The study also found that Facebook’s algorithms were able to identify false and inaccurate news stories on the site in 2016.
“The companies are investing billions to counter misinformation and disinformation on their platforms and platforms themselves, and they are trying to create new ways to combat it,” said Matthew Levitt, director of digital and community engagement at the Center for Public Integrity, a nonprofit group that focuses on information technology and public policy issues.
“We’ve seen how technology can improve transparency, help communities understand how they’re being used, and reduce bias.
It’s not just a problem of people being wrong, it’s an issue of people getting the facts wrong,” Levitt said.
The companies are not disclosing the details of their investments in the study, but said the companies will share more about their efforts in the coming months.
The companies say the investments are part of a wider strategy to combat misinformation and the spread of false and fraudulent information.
“Our aim is to build a more trustworthy world,” Google said in a statement.
“We’re committed to improving the trust in information we publish on the internet, and this investment will help us do just that.”
Facebook, Twitter and other social media platforms have faced increased scrutiny in recent years for publishing stories that have been widely debunked, including on the Boston Marathon bombing, the Sandy Hook Elementary School shooting and the deaths of two NYPD officers.
Facebook has also been hit by allegations that the platform published fake news about a Trump campaign fundraiser.
Google and Twitter declined to discuss the investments publicly.
The firms declined to answer questions for this story, citing a non-disclosure agreement.