News

Elon Musk Reveals Details Of Latest X Plan To Fight Bots

The changes come as many users feel the site is becoming swamped by hordes of fake accounts and trolls.

Published

4 months ago

April 5, 2024

elon musk reveals details of latest x plan to fight bots

After a recent post by CEO Elon Musk it seems that changes are incoming at X, the social site formerly known as Twitter.

Musk says a new system to rid the platform of bots and trolls is “underway”, while asking users to reply to his post or ping his official account @XEng if their legitimate accounts are suspended in error.

System purge of bots & trolls underway.

Please reply to me or @XEng if legitimate accounts are suspended.

X Corp will be tracing the people responsible and bringing the full force of the law to bear upon them.

— Elon Musk (@elonmusk) April 4, 2024

“X Corp will be tracing the people responsible and bringing the full force of the law to bear upon them,” Elon Musk said, without providing further details.

The announcement comes after X’s appointment of a new head of brand safety and advertiser solutions in what it said was a bid to make the platform “a better, safer space for everyone”.

Automated accounts have long been a problem for the site and regularly reply to posts in a nonsensical or unrelated manner. Recent developments in AI make the bots harder to spot, though many users have a general feeling something is “off” with the platform, which often appears completely void of real human interaction.

Also Read: Getting Started With Google Gemini: A Beginner’s Guide

The latest round of bot-fighting measures will be a “significant, proactive initiative to eliminate accounts that violate [its] Rules against platform manipulation and spam,” X’s team announced yesterday, adding that they are “casting a wide net to ensure X remains secure and free of bots”.

Musk’s bot and troll crackdown coincides with the return of the controversial blue checkmark system on Wednesday evening. Users who had blue checks reinstated were told that they had been given a complimentary Premium subscription because they were considered “an influential member of the community.”

The outspoken SpaceX and Tesla CEO posted details last week that accounts with over 2,500 verified followers will have blue checks reinstated for free, while those with 5,000+ followers will get a complimentary $16-per-month Premium+ plan.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

2 days ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.