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How the Internet adapts Google’s algorithms, such as SEO tricks, its many websites now with similar designs 

—  How the Internet reshaped itself around Google’s search algorithms — and into a world where websites look the same.

—  Animations by Richard Parry

 

 

Mia Sato / The Verge:

 

 

As the 14th season of Bravo’s Real Housewives of New York City came to a close this fall, I found myself on Reddit, reading rumors about the marriage and divorce timeline of one of the show’s stars. Redditors wanted more clues about a fishy relationship history to see if they could uncover a cheating scandal.

 

Were divorce papers public record in New York? I wondered. I did a quick Google search to find out.

 

The search results page was filled with my question’s exact words, repeated across site after site — websites for law firms, posts on forums, ads for creepy lookup tools — but the answer to my actual question was harder to find. At the top of the results page on my phone, Google offered two featured snippets of information quoting different websites. The first one: “Divorce records are not public in New York due to the sensitive nature of many divorce proceedings.” The second: “Due to the state’s underlying legislation regarding family law cases, each divorce is a matter of public record.

 

Google bolded both snippets, but it wasn’t clear to me how they squared. I clicked on both.

 

The two law firm websites were part of an ecosystem I didn’t know existed until I accidentally went looking for it. Law firms across different fields — family law, personal injury, employment lawyers — have blogs full of keyword-addled articles being churned out at a surprisingly fast clip. The goal for firms is simple: be the top result to pop up on Google when someone is looking for legal help. The searcher might just end up hiring them.

 

Many of these blog posts are written by people like E., a self-employed content writer who juggles law firm clients that want Google-friendly content. E. does not have a legal background; they’re just a competent writer who can turn in clean copy. They trawl health department records, looking for nursing homes that get citations for neglect or other infractions. Then E. writes a blog post about it for a firm, making sure to include the name of the offender and the wrongdoing — keywords for which concerned patients or families will likely be searching. (E. requested anonymity so as to not jeopardize their employment).

 

“My bosses, they all don’t want anyone else to know that they use me or that we have the specific process that we have,” E. says. Their name is nowhere to be found, but their writing is often the first thing a searcher will see. The pages were made to be found by people like me.

 

Google controls around 90 percent of the search market, by some measures, so it’s too valuable a referral source to just leave up to luck. Search engine optimization — or SEO, the practice of tweaking content and websites to get Google to boost your visibility — is everywhere, including on the page you’re reading now. And once you see it or SEO-ify your own work, like E. has, it’s impossible not to notice.

 

Google’s outsized influence on how we find things has been 25 years in the making, and the people running businesses online have tried countless methods of getting Google to surface their content. Some business owners use generative AI to make Google-optimized blog postsso they can turn around and sell tchotchkes; brick-and-mortar businesses are picking funny names like “Thai Food Near Me” to try to game Google’s local search algorithm. An entire SEO industry has sprung up, dedicated to trying to understand (or outsmart) Google Search.

 

The relentless optimizing of pages, words, paragraphs, photos, and hundreds of other variables has led to a wasteland of capital-C Content that is competing for increasingly dwindling Google Search real estate as generative AI rears its head. You’ve seen it before: the awkward subheadings and text that repeats the same phrases a dozen times, the articles that say nothing but which are sprayed with links that in turn direct you to other meaningless pages. Much of the information we find on the web — and much of what’s produced for the web in the first place — is designed to get Google’s attention.

 

We often hear about the latest engagement hacks on other platforms like Instagram, TikTok, or X, formerly known as Twitter. But Google is consequential above all of these, acting essentially as the referee of the web. Yet deep knowledge of how its systems work is largely limited to industry publications and marketing firms — as users, we don’t get an explanation of why sites suddenly look different or how Google ranks one website above another. It just happens.

 

Bit by bit, the internet has been remade in Google’s image. And it’s humans — not machines — who have to deal with the consequences.

 

1. Site performance and accessibility

There’s an inherent contradiction in what Google promises is the best way to succeed on Search. Publicly, Google representatives like search liaison Danny Sullivan give a simple, almost quaint answer to business owners who want help: you just need to make great content for people, not Google’s robots.

 

At the same time, Google’s “SEO Starter Guide” is nearly 9,000 words long with dozens of links to additional material. There are several SEO industry publications, plus an untold number of scrappy blogs, marketing firms, and self-proclaimed SEO gurus promising to demystify Google’s black box algorithm. Small business owners must either learn how to do SEO or hire someone — even multiple people or special firms — to do it for them. It’s expensive, time consuming, and often confusing work, and failure to learn the ropes could mean trouble if your traffic begins to tank unexpectedly. Google executives like Sullivan often respond to the folk wisdom of the SEO industry with a six-word incantation meant to absolve them of the industry’s worst practices: that’s not what the guidelines say. It can feel like the guidelines are there to protect Google’s reputation, not actually help anyone get search traffic.

 

Optimizing pages for Google isn’t inherently a bad thing. Google uses its influence over the web to push for objectively good results, like fast-loading sites and accessibility features like alt text on images, which can help audiences understand what’s on a page if an image doesn’t load or if readers use assistive technology like screen readers. Google’s Core Web Vitals metric pushes down sites with certain kinds of intrusive ads or which have slow-loading ads that cause content on the page to shift around.

“[Google’s changes] did sort of homogenize the design of the internet.”

 

Perhaps Google’s most benevolent push has been toward a fast, mobile-first web that has forced small and large publishers alike to overhaul their publishing platforms. But even that effort has come with collateral damage — see the entire news industry reluctantly embracing Google’s AMP format — or in the case of smaller blogs, a flattening and whitewashing of web design across the board.

 

Valerie Stimac Bailey, a professional blogger of a decade, remembers in 2021 when Google began using a new metric to rank sites, called “page experience,” that emphasized giving readers a “delightful” web to browse. Passing Google’s Core Web Vitals tests became all the more important — Google would look at load times, interactivity, and whether visual elements would move around unexpectedly.

 

Bloggers like Stimac Bailey, along with an untold number of other site operators and web companies, saw the writing on the wall: Google might not like your old site, with its giant logos and custom fonts, or the ads that cause text to jump around. Companies like Mediavine, a popular ad-management company, released web design frameworks optimized for this new Google metric and Stimac Bailey, like many others, switched and redesigned her site. But she found the new theme “sterile,” she tells me, and it lacked customization options. It didn’t feel like part of her brand.

 

“I get that that probably was the impetus for a lot of people with really old, slow themes that were not handling mobile well to move to something that was faster for the world of the mobile-first indexing and internet,” Stimac Bailey says. “That was a good impact… but simultaneously, it did sort of homogenize the design of the internet.”

 

Stimac Bailey, who in the past published up to 11 blogs at a time, has experimented with different website themes. All eight of her current sites look nearly identical — her Alaska travel blog Valerie & Valise looks the same as Site School, a blog where she shares data-heavy analyses of how her portfolio of websites is performing.

 

“People spent a lot of money, and a lot of time, and a lot of heartache and stress and psychology redesigning websites,” Stimac Bailey says.

 

Taking Google’s advice on creating good, fast, accessible websites sounds nice in theory; why not do what the search engine prefers and help your readers in the process? Creators I spoke to acknowledged that changes sometimes benefit Google and readers alike. But the line between what’s good for the search algorithm and what’s good for audiences has become blurry over time, and in some cases, the two are treated essentially as the same thing.

 

2. Page design and structure of articles

The small, behind-the-scenes changes site operators deployed over the years have made browsing the web — especially on mobile — more frictionless and enjoyable. But Google’s preferences and systems don’t just guide how sites run: Search has also influenced how information looks and how audiences experience the internet. The project of optimizing your digital existence for Google doesn’t stop at page design. The content has to conform, too.

 

Take, for example, the question-based subheadings that are rampant on pages ranging from personal finance explainers to travel tips to annual event reminders. Sections like “When should I make IRA contributions?” or “What states are getting rid of Daylight Savings time?” will cascade down a page, presumably to help a reader scan for information. But subheadings are also a piece of information Google uses to understand what a page is about and to rank it in Search. Historically, subheadings have been an easy, fast way to juice content for maximum visibility.

 

Some bloggers and outlets scrape the “People Also Ask” panel on search results pages for ideas: the Google-curated section spits out strangely worded or oddly specific questions like, “What is the healthiest vegetable 2023?” and “What two vegetables can be eaten raw?”

 

Sean Bromilow, a food writer based in Canada, has reformatted his blog posts in hopes that Google will pick up his content for placement in these fields. On a page for cucamelons, he added an FAQ section featuring questions like, “How do you eat cucamelons?” and “Are cucamelons a GMO?”

 

“I did that in direct response to Google’s [People Also Ask questions] that they introduced,” he says.

 

Some creators scrape the “People Also Ask” panel for story ideas

A Q&A format might often be the most effective way to write a story or share information — I’ve done stories in this format, too. But other times, question-based subheadings are harder to read, repeating the same phrases without adding anything substantial. Browse this article about gua sha, a massaging technique with roots in traditional Chinese medicine, and you’ll find headings including, “What is a gua sha,” “What are the benefits of a gua sha,” “How to find your gua sha,” and “How to use your gua sha.”

 

A table of contents, too, has become a common sight, appearing at the top of articles. On a post about animals to look out for in Alaska, for example, Stimac Bailey has 10 sections in the table of contents, each linking to the corresponding part of the blog post. Having a linked table of contents allows readers to skip to the part they most want to read, like if someone is strictly interested in seeing caribou.

 

But the table of contents sections also work as jump links on Google Search that appear below the headline and other metadata. Stimac Bailey gets a reasonable amount of traffic to her Pacific Coast Highway guide, not from searchers clicking the title but through people clicking on one of the jump links below. Some SEO strategists even debate whether bloggers should leave their table of contents expanded or collapsed for maximum SEO juice. Stimac Bailey keeps hers collapsed but recently heard from a person selling SEO services that your table of contents should be auto-expanded.

 

“At a certain point, I don’t care if it costs me time on site or it costs me ad views or costs me bounce rate or whatever it might be,” she says. “I like my site to look the way I want it to look, so that’s what I’m going to do.”

 

But many websites just do what they think Google wants or what’s being recommended by SEO experts, even if there’s no guarantee it will work. Google is both overbearing with manuals and withholding of clear answers. Give too much away, and everyone could game the system. In that void, creators and website operators throw things at the wall to see what sticks. And once they start designing their page for Google, it’s easy for their content to be fashioned for Google, too.

 

3. Keyword research and what content is made

For publishers handcuffed to Google Search traffic, there’s often no reason to produce content if people aren’t searching for it. So marketers, writers, and bloggers use a suite of keyword research tools to assess whether there’s enough interest to write the article or make the video in the first place. The result is that publishers end up producing a mountain of material, with Google keywords essentially acting like the assigning editor.

 

When Stimac Bailey writes for her London travel blog, for example, she strategically picks topics that the site will be able to rank highly for — keywords and topics that are too competitive get put on the backburner.

 

“[My writers and I] work on picking topics together, but we need them to be productive because not only am I [monetizing them], I’m paying people for their work, and I’m trying to pay very fairly for that work,” she says. “It’s like, ‘I gotta find these low-competition, high-volume, magic keywords.” For a popular destination like London, those magic keywords don’t really exist.

 

Catherine Cusick understands this tension well. Cusick worked in media for years — including in SEO — before creating the Self-Employed FAQin March. The subscription-driven business acts as a help guide for people who are new to self-employment or who simply have a specific question they can’t get an answer to elsewhere.

 

Most of Cusick’s answers to queries like “Do I need an accountant?” or “What are my healthcare options?” are behind a paywall, so she curates a small number of unlocked articles meant to give prospective customers a sampling of what she offers. These are what Cusick calls “SEO plays.”

 

For these articles, she is only targeting long-tail keywords — lengthier search terms that are often more specific and, as a result, have fewer people searching for them and are less competitive.

 

“The keyword search term that I am going for is, ‘How to pay yourself from a single member LLC.’ My game is entirely long-tail keywords,” she says. “I’m not even competing with ‘How to pay myself LLC.’ Like, that’s too high of a term for me, let alone something like ‘LLC.’”

 

Cusick wrestles with the disconnect between who her business is for — scared, uncertain people trying to make a living — and the SEO requirements she needs to fulfill. Time strategizing and reading technical manuals can feel like time “stolen” from making in-person connections and writing paywalled articles meant to help people through self-employment.

 

“I will need to have a different page for humans, and then another page that’s more of a directory that points humans who’ve arrived to the directory to other pages that will tell them a story,” she says. “The directory page can be structured in a way that makes search engine crawlers satisfied.” In Cusick’s view, we’re asking one piece of content to do too much: fulfill all the SEO requirements and do the careful, uninterrupted work of getting real answers to a reader.

 

I rewrote my prose over and over, but it didn’t seem to satisfy my robot grader

In an emailed statement, Google spokesperson Jennifer Kutz offered a dozen links to public documentation around search, along with generalities about keeping content “helpful” and “relevant.” All points underscored the company’s most common refrain: make content for human audiences.

 

“We’ve given longstanding guidance to create content that’s first and foremost helpful, and we work very hard to ensure that our ranking systems reward content designed for people first. Many sites perform well on Search simply by creating this helpful content, without undertaking extensive SEO efforts,” Kutz tells The Verge. “We continuously refine our ranking systems, and where we identify areas we can improve in ranking people-first content, we prioritize them. For more than a year, we’ve had focused efforts to show more content based on first-hand experience in Search, and to reduce content created solely for search engines, and this work continues.”

 

Kutz did not comment on my questions around specific strategies outlined in this piece, saying that giving granular guidance might make creators “lose sight” of the people-first guidance put forth by Google. Instead, the advice is for website operators to “ask themselves if [a tactic] would be helpful for someone visiting their site.”

 

But in order to be helpful to readers, website operators need people to visit their site in the first place. Fine-tuning content to match exact search terms is a common strategy that can entice users to click on a page that looks like it will answer their question. That doesn’t guarantee content will be better or even good — and sometimes, how users search can create an echo chamber of errors, oft-repeated misinformation, or poorly researched content.

 

One instance of errors multiplying sticks out to Bromilow, the food writer. For a while, he says that Google was returning a litany of incorrect information about Ethiopian cardamom, or korarima. Though black cardamom and korarima look similar, their flavors are not. Websites and writers — and by extension, Google results — were confusing the ingredients. At one point, Bromilow says the first picture on Google Images was of the wrong plant.

 

“If people are searching the wrong thing because that’s what they’ve been given, how do you return a result to them that explains that they’re incorrect, while also being found by them?” Bromilow says. “You don’t want to reinforce the mistake, right? It’s really weird and complicated.”

 

That Ethiopian recipes are being translated from Amharic to English also brings a host of problems: how should Bromilow spell the names of dishes? Should he use whatever spelling people are searching for the most? A post on savory pancakes sums it up, in which the Canadian Bromilow explains why he’s opted to omit the “u” in savoury: “The choice, while it breaks my maple-syrup filled heart, is obvious — savory is searched for more often, and using that spelling is more likely to [get] a recipe noticed by the all-powerful and oft-mysterious search engine algorithms.”

 

To understand what pure SEO-optimized writing looks like, I put my recent story about Google-optimized local businesses through an SEO tool called Semrush that’s reportedly used by 10 million people.

 

Among its suggestions: write a longer headline; split a six-sentence paragraph up because it’s “too long”; and replace “too complex” words like “invariably,” “notoriety,” and “modification.” Dozens of sentences were flagged as being confusing (I disagree) — and it really hated em dashes. I rewrote my prose over and over, but it didn’t seem to satisfy my robot grader. I finally chose one thought per sentence, broke up paragraphs, and replaced words with suggested keywords to get rid of the red dots signaling problems.

 

The result feels like an AI summary of my story — at any moment, a paragraph could start with “In conclusion…” or “The next thing to consider is…” The nuance, voice, and unexpected twists and turns have been snuffed out. I’m sure some people would prefer this uncomplicated, beat-by-beat version of the story, but it’s gone from being a story written by a real person to a clinical, stiff series of sentences.

 

Now imagine thousands of website operators all using this same plug-in to rewrite content. No wonder people feel like the answers are increasingly robotic and say nothing.

 

 

Read more

 

 

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 Apple appeals EU’s DMA designation of App Stores as a single service, iOS interoperability, and iMessage NIICS designation 

Foo Yun Chee / Reuters:

 

 

—  Apple (AAPL.O) has challenged EU tech rules designating its five App Stores as a single core platform service subject to onerous obligations, saying that EU regulators have misinterpreted and misapplied the new legislation that took effect last May.

 

The company also disputed the characterisation of its operating system iOS as an important gateway for business users to reach end users and the interoperability obligation that goes with that label.

 

(PHOTO: Apple logo is seen on the Apple store at The Marche Saint Germain in Paris, France July 15, 2020. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing Rights)

 

The iPhone maker challenged the Digital Markets Act (DMA) in November last year but did not provide details.

The European Commission made “material factual errors, in concluding that the applicant’s five App Stores are a single core platform service,” Apple said in its plea to the Luxembourg-based General Court, Europe’s second-highest.

The company in its argument to the EU competition enforcer said it operates five App Stores on iPhones, iPads, Mac computers, Apple TVs and Apple Watches, with each designed to distribute apps for a specific operating system and Apple device.

DMA requirements that would affect Apple include allowing third parties to inter-operate with its own services and letting business users promote their offers and conclude contracts with their customers outside its platform.

Apple’s lawsuit also took issue with the Commission’s designation of its messaging service iMessage as a number-independent interpersonal communications service (NIICS) that prompted an EU investigation into whether it should comply with DMA rules.

The company contends that iMessage is not a NIICS as it is not a fee-based service and it does not monetise it via the sale of hardware devices nor via the processing of personal data.

 

Reporting by Foo Yun Chee; Editing by Andrew Heavens

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Critics and tech firms worry UK’s Investigatory Powers Bill,  surveillance law undermines user privacy

—  Despite the protestations of industry and campaigners, ministers are whisking a new bill through parliament.

 

 

Laurie Clarke / Politico:

 

 

LONDON — The U.K. already has some of the most far-reaching surveillance laws in the democratic world. Now it’s rushing to beef them up even further — and tech firms are spooked.

 

Britain’s government wants to build on its landmark Investigatory Powers Act, a controversial piece of legislation dubbed the “snooper’s charter” by critics when introduced back in 2016.

 

PHOTO: The new legislation is triggering fresh alarm among both industry execs and privacy campaigners | Scott Barbour/Getty Images

 

That law — introduced in the wake of whistleblower Edward Snowden’s revelations of mass state surveillance — attempted to introduce more accountability into the U.K. intelligence agencies’ sprawling snooping regime by formalizing wide-ranging powers to intercept emails, texts, web history and more.

 

Now new legislation is triggering a fresh outcry among both industry execs and privacy campaigners — who say it could hobble efforts to protect user privacy.

 

Industry body TechUK has written to Home Secretary James Cleverly airing its complaints. The group’s letter warns that the Investigatory Powers (Amendment) Bill threatens technological innovation; undermines the sovereignty of other nations; and could unleash dire consequences if it sets off a domino effect overseas.

 

Tech companies are most concerned by a change that would allow the Home Office to issue notices preventing them from making technical updates that might impede information-sharing with U.K. intelligence agencies.

 

TechUK argues that, combined with pre-existing powers, the changes would “grant a de facto power to indefinitely veto companies from making changes to their products and services offered in the U.K.”

 

“Using this power, the government could prevent the implementation of new end-to-end encryption, or stop developers from patching vulnerabilities in code that the government or their partners would like to exploit,” Meredith Whittaker, president of secure messaging app Signal, told POLITICO when the bill was first unveiled.

 

The Home Office, Britain’s interior ministry, remains adamant it’s a technical and procedural set of tweaks. Home Office Minister Andrew Sharpe said at the bill’s committee stage in the House of Lords that the law was “not going to … ban end-to-end encryption or introduce a veto power for the secretary of state … contrary to what some are incorrectly speculating.”

 

“We have always been clear that we support technological innovation and private and secure communications technologies, including end-to-end encryption,” a government spokesperson said. “But this cannot come at a cost to public safety, and it is critical that decisions are taken by those with democratic accountability.”

 

Encryption threat

Despite the protestations of industry and campaigners, the British government is whisking the bill through parliament at breakneck speed — risking the ire of lawmakers.

 

Ministers have so far blocked efforts to refine the bill in the House of Lords, the U.K.’s upper chamber. But there are more opportunities to contest the legislation coming and industry is already making appeals to MPs in the hopes of paring it back in the House of Commons.

 

PHOTO: Some companies including Apple have threatened to pull their services from the UK if asked to undermine encryption under Britain’s laws | Feline Lim/Getty Images

 

“We stress the critical need for adequate time to thoroughly discuss these changes, highlighting that rigorous scrutiny is essential given the international precedent they will set and their very serious impacts,” the TechUK letter states.

 

The backdrop to the row is the fraught debate on encryption that unfolded during the passage of the earlier Online Safety Act, which companies and campaigners argued could compel companies to break encryption in the name of online safety.

 

The bill ultimately said that the government can call for the implementation of this technology when it’s “technically feasible” and simultaneously preserves privacy.

 

Apple, WhatsApp and Signal have threatened to pull their services from the U.K. if asked to undermine encryption under U.K. laws.

 

Since the Online Safety Act passed in November, Meta announced that it had begun its rollout of end-to-end encryption on its Messenger service.

 

In response, Cleverly issued a statement saying he was “disappointed” that the company had gone ahead with the move despite repeated government warnings that it would make identifying child abusers on the platform more difficult.

 

Critics see a pincer movement. “Taken together, it appears that the Online Safety Bill’s Clause 122 is intended to undermine existing encryption, while the updates to the IPA are intended to block further rollouts of encryption,” said Whittaker.

Beyond encryption

In addition to the notice regime, rights campaigners are worried that the bill allows for the more permissive use of bulk data where there are “low or no” expectations of privacy, for wide-ranging purposes including training AI models.

 

Lib Dem peer Christopher Fox argued in the House of Lords that this “creates an essentially new and essentially undefined category of information” which marks “a departure from existing privacy law,” notably the Data Protection Act.

 

Director of campaign group Big Brother Watch, Silkie Carlo, also has issues with the newly invented category. With CCTV footage or social media posts for example, people may not have an expectation of privacy, “[but] that’s not the point, the point is that that data taken together and processed in a certain way, can be incredibly intrusive.”

 

Big Brother Watch is also concerned about how the bill deals with internet connection records — i.e. web logs for individuals for the last 12 months. These can currently be obtained by agencies when specific criteria is known, like the person of interest’s identity. Changes to the bill would broaden this for the purpose of “target discovery,” which Big Brother Watch characterizes as “generalized surveillance.”

 

Members of the House of Lords are also worried about the bill’s proposal to expand the number of people who can sanction spying on parliamentarians themselves. Right now, this requires the PM’s sign-off, but under the bill, the PM would be able to designate deputies for when he is not “available.” The change was inspired by the period in which former PM Boris Johnson was incapacitated with COVID-19.

 

PHOTO: The bill will return to the House of Lords on January 23, before heading to the House of Commons to be debated by MPs | Tolga Akmen/AFP via Getty Images

“The purpose of this bill is to give the intelligence agencies a bit of extra agility at the margins, where the existing Rolls Royce regime is proving a bit clunky and bureaucratic,” argues David Anderson, crossbench peer and author of a review that served as a blueprint for the bill. “If you start throwing in too many safeguards, you will negate that purpose, and you will not solve the problem that bill is addressing.”

 

Anderson proposed the changes relating to spying on MPs and peers are necessary “if the prime minister has got COVID, or if they’re in a foreign country where they have no access to secure communications.”

 

This could even apply in cases where there’s a conflict of interest because spies want to snoop on the PM’s relatives or the PM himself, he added.

 

Amendments proposed by peers at the committee stage were uniformly rejected by the government.

 

The bill will return to the House of Lords for the next stage of the legislative process on January 23, before heading to the House of Commons to be debated by MPs.

 

“Our overarching concern is that the significance of the proposed changes to the notices regime are presented by the Home Office as minor adjustments and as such are being downplayed,” reads the TechUK letter.

 

“What we’re seeing across these different bills is a continual edging further towards … turning private tech companies into arms of a surveillance state,” says Carlo.

 

 

 

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PARTS iD announces delisting from NYSE American

CRANBURY, N.J. — (BUSINESS WIRE) — PARTS iD, Inc. (NYSE American: ID) (“PARTS iD” or “the Company”) on Wednesday announced that it received notification from the New York Stock Exchange (“NYSE”) that the NYSE has initiated proceedings to delist the Class A common stock of PARTS iD, Inc. from NYSE American.

 

The NYSE also indefinitely suspended trading of the Company’s Class A common stock effective Dec. 26, 2023. PARTS iD does not intend to appeal the NYSE’s determination.

 

The NYSE determined that the Company is no longer suitable for listing and will commence delisting proceedings pursuant to Section 1003(c)(iii) of the NYSE American Company Guide in light of the disclosure on Dec. 26, 2023 that the Company filed a voluntary petition for relief under Chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware.

 

About PARTS iD, Inc.

PARTS iD is a technology-driven, digital commerce company focused on creating custom infrastructure and unique user experiences within niche markets. Founded in 2008 with a vision of creating a one-stop eCommerce destination for the automotive parts and accessories market, we believe that PARTS iD has since become a market leader and proven brand-builder, fueled by its commitment to delivering a revolutionary shopping experience; comprehensive, accurate and varied product offerings; and continued digital commerce innovation.

 

Cautionary Note Regarding Forward-Looking Statements

All statements made in this press release relating to future financial or business performance, conditions, plans, prospects, trends, or strategies and other such matters, including without limitation, expected future performance, consumer adoption, anticipated success of our business model or the potential for long term profitable growth, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. In addition, when or if used in this press release, the words “may,” “could,” “should,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “predict,” “potential,” “confident,” “look forward,” “optimistic” and similar expressions and their variants, as they relate to us may identify forward-looking statements. We operate in a changing environment where new risks emerge from time to time and it is not possible for us to predict all risks that may affect us, particularly those associated with the COVID-19 pandemic and the conflict in Ukraine, which have had wide-ranging and continually evolving effects. We caution that these forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which change over time, often quickly and in unanticipated ways.

 

Important factors that may cause actual results to differ materially from the results discussed in the forward-looking statements include risks and uncertainties, including without limitation: the ongoing conflict between Ukraine and Russia has affected and may continue to affect our business; competition and our ability to counter competition, including changes to the algorithms of Google and other search engines and related impacts on our revenue and advertisement expenses; the impact of health epidemics, including the COVID-19 pandemic, on our business and the actions we may take in response thereto; disruptions in the supply chain and associated impacts on demand, product availability, order cancellations and cost of goods sold including inflation; difficulties in managing our international business operations, particularly in the Ukraine, including with respect to enforcing the terms of our agreements with our contractors and managing increasing costs of operations; changes in our strategy, future operations, financial position, estimated revenues and losses, product pricing, projected costs, prospects and plans; the outcome of actual or potential litigation, complaints, product liability claims, or regulatory proceedings, and the potential adverse publicity related thereto; the implementation, market acceptance and success of our business model, expansion plans, opportunities and initiatives, including the market acceptance of our planned products and services; developments and projections relating to our competitors and industry; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; our ability to maintain and enforce intellectual property rights and ability to maintain technology leadership; our future capital requirements; our ability to raise capital and utilize sources of cash; our ability to obtain funding for our operations; changes in applicable laws or regulations; the effects of current and future U.S. and foreign trade policy and tariff actions; disruptions in the marketplace for online purchases of aftermarket auto parts; costs related to operating as a public company; the Company’s intention to continue operations during the Chapter 11 Cases; the Company’s ability to conduct its business in an uninterrupted manner during the Chapter 11 Cases; the potential outcome and timing of the delisting of the Company’s Class A common stock; the Company’s ability to obtain timely approval of the Bankruptcy Court with respect to motions filed in the Chapter 11 Cases; and the possibility that we may be adversely affected by other economic, business, and/or competitive factors.

 

Further information on the factors and risks that could cause actual results to differ from any forward-looking statements are contained in our filings with the SEC, which are available at https://www.sec.gov (or at https://www.partsidinc.com). The forward-looking statements represent our estimates as of the date hereof only, and we specifically disclaim any duty or obligation to update forward-looking statements.

Contacts

Investors:

Brendon Frey

ICR

ir@partsidinc.com

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Filing: Fidelity marks down the value of its X stake,  from 33% in May 2023 to ~28% of the $44B that Elon Musk paid 

Dan Primack / Axios:

 

 

—  Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.

 

By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).

 

  • This includes a 10.7% cut during November, during which time Musk told boycotting X advertisers to “go f**k yourself” during an on-stage interview with the New York Times.
  • In terms of publicly traded comps, Meta stock rose 4.9% in November while Snap shares climbed 38.2%.

 

The big picture: Fidelity began marking down its Twitter shares the first month after Musk’s buyout. It increased the share value or kept it stable for a few months earlier in 2023.

 

Behind the scenes: Fidelity doesn’t necessarily have much, if any, inside information on X’s financial performance, despite being a shareholder in the privately held business. Other shareholders may value their X stock differently.

 

 

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DLA, LLC announces January 2024 staff promotions

DLA recognizes exceptional performance

 

FAIRFIELD, N.J. — (BUSINESS WIRE) — DLA, LLC (DLA), a leading provider of internal audit, technology, and accounting advisory services, announces 2024 new year staff promotions.

 

DLA Founder & CEO, David Landau, expresses, “We are thrilled to be able to recognize and acknowledge the remarkable talent within our team. We are promoting 10 individuals that demonstrated commitment, dedication, and expertise, which reaffirm DLA’s core values and unwavering dedication to excellence. Congratulations to each esteemed team member on their well-earned promotion.”

 

In honoring these well-deserved advancements, we turn our attention to the accomplished individuals who have reached significant milestones in their careers at DLA.

 

Administration Team

Ashley Junco – Promotion to Senior Office Coordinator

Ashley’s contributions extend well beyond her coordinator role, overseeing the administrative office and playing a vital part in marketing initiatives. Her multi-faceted role reflects dedication to both employees and the overall success of the firm.

 

Danielle Krause – Promotion to Recruitment Manager

In her impactful year at the firm, Danielle has showcased unwavering commitment to elevating recruitment processes. Her dedication to candidates and loyalty to the firm are commendable, making her an integral guide in the evolution of recruitment strategies.

 

Internal Audit Team

Ryan Delaney – Promotion to Senior

An incredible team player, Ryan’s versatility and dedication shine as he seamlessly handles multiple engagements. He has become a trusted contact for clients, and we look forward to watching him excel in his new role.

 

Spencer Javras – Promotion to Director

Starting as an intern, Spencer has set the gold standard on the Internal Audit team. His hard work, dedication, and technical expertise make him an exemplary resource to the firm. We are excited to watch his bright future with DLA.

 

Sarah Karmazyn – Promotion to Senior

Since joining DLA, Sarah has been a valuable resource, quickly becoming an engagement leader and delivering work of the highest quality. Her ability to operate at the next level ensures continued success at DLA.

 

Derek Spambanato – Promotion to Manager

Instrumental in the Internal Audit team, Derek stepped into managerial roles on several engagements. His excellent work ethic, positive attitude, and commitment make him a valuable asset, showcasing exceptional skills.

 

Forensic Valuation Litigation Support (FVLS) Team

Jason Addesso – Promotion to Partner

Jason’s rise through the ranks at DLA is an example of what the firm stands for. Starting as a manager in June 2016, he has been promoted to Senior Manager, Director, Managing Director, and now Partner. Jason’s client service is second to none, and he thrives as a trainer and mentor to the FVLS staff. He is growing as a highly respected accounting expert in the matrimonial litigation industry in New Jersey. Jason’s future is extremely bright, and we look forward to his continued growth within the firm and his future efforts as a partner.

 

Elizabeth Goeller – Promotion to Lead Paraprofessional

Beth epitomizes teamwork within the FVLS group, known as the Swiss Army Knife for her ability to perform various functions. Her high-level contributions include billable accounting, administrative assignments, training staff, and mentoring.

 

Andrew Kyriacou – Promotion to Senior

A valuable resource for the FVLS group, Andrew takes initiative on all engagements and is always willing to help. He has begun to train and mentor FVLS new hires, demonstrating exceptional skills and attention to detail on large and complex engagements. The operating committee continues to receive positive feedback about Andrew’s work and efforts, and we look forward to his continued success.

 

Accounting Advisory Team

Alice Chen – Promotion to Senior Manager

In the short time since joining in May 2023, Alice has made an exceptional impact on the Accounting Advisory group. Her handling of technical areas and commitment to client service position her as a valuable leader in her new role.

 

To quote DLA President and CFO, Phil Ramacca, “The promotions announced today are a testament to the caliber of talent within DLA. These individuals have consistently demonstrated excellence, contributing to the firm’s success. We look forward to their continued growth and leadership.”

 

The DLA Operating Committee extends heartfelt congratulations to these promoted professionals, who embody the spirit of excellence that defines DLA’s commitment to delivering top-tier services to clients and the firm.

 

About DLA, LLC

Founded in 2001, DLA provides internal audit, technology, and accounting advisory services to hundreds of clients. DLA’s leadership team averages 30+ years of experience and is led by Big Four veterans with deep industry expertise. DLA specializes in internal audit, accounting advisory, forensic accounting, valuation and litigation support, tax, risk management, and IT advisory services. The company is headquartered in Fairfield, New Jersey.

 

For further information about DLA, LLC, please visit us at www.dlallc.com.

Contacts

Danielle Dietrich 973.575.1565

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Sources: ASML cancels shipments of some high-end chipmaking equipment to China, at US’ request, weeks before bans took effect

—  ASML canceled shipments of a limited number of devices

— Biden is cracking down on Beijing’s semiconductor industry

 

 

Bloomberg:

 

ASML Holding NV canceled shipments of some of its machines to China at the request of U.S. President Joe Biden’s administration, weeks before export bans on the high-end chipmaking equipment came into effect, people familiar with the matter said.

The Dutch manufacturer had licenses to ship three top-of-the-line deep ultraviolet lithography machines to Chinese firms until January when new Dutch restrictions take full effect. However, U.S. officials reached out to ASML to ask them to immediately halt pre-scheduled shipments of some of the machines to Chinese customers, according to people familiar with the matter, who asked not to be identified because the discussions were confidential.

U.S. National Security Adviser Jake Sullivan had called the Dutch government about the matter late last year, the people said, and Dutch officials asked the U.S. to contact ASML directly about shipments of the equipment, called immersion deep ultraviolet lithography machines. Shipments of a limited number of machines were canceled following the U.S. request, they said, though it wasn’t immediately clear how many were involved. In an industry where devices typically cost $10 million, ASML commands about $180 million for its current top-end machine.

Biden is cracking down on Beijing’s attempts to create its own advanced semiconductor industry, and the U.S. and its allies are blocking access to imported technology. China’s Huawei Technologies Co. produced a smartphone to rival Apple Inc.’s iPhone last year using top-of-the-line chips made with ASML’s immersion lithography machines, Bloomberg News has reported.

ASML, Europe’s largest technology company, confirmed that the Dutch government partially revoked licenses recently for the shipment of certain lithography systems to China, affecting a small number of customers there. In a statement issued after Bloomberg’s report, the company said it’s held recent discussions with the U.S. about the scope and impact of its export control regulations, without elaborating. ASML said it doesn’t expect the latest blockade to have a “material impact on our financial outlook for 2023.”

Spokespeople for the White House National Security Council and the Dutch Ministry of Foreign Affairs declined to comment.

Chinese imports of ASML’s lithography gear surged in 2H23

Dutch in June published new curbs that will become effective in 2024

Source: China Customs

A spokesman for the Chinese Foreign Ministry called the U.S.’s intervention in China’s access to technology an act of “hegemony” and urged the Dutch government to “respect the spirit of the contract and world order, to safeguard the mutual benefits of the two countries.”

Chipmakers in China dropped after the news. Semiconductor Manufacturing International Corp., the semiconductor company that helped Huawei produce the 7-nanometer processors for its new smartphone, fell as much as 3% in Hong Kong trading on Tuesday. Hua Hong Semiconductor Ltd. declined as much as 2.8%.

ASML’s U.S. shares fell 5.3% to $716.92 at the close Tuesday in New York. All 30 members of the Philadelphia Semiconductor Index declined, with the index as a whole dropping 3.7% as part of a broad market downturn.

This most recent crackdown — which may have hit SMIC, one of China’s top-tier chipmakers — will ultimately motivate Beijing to accelerate the development of its own technology, moving toward independence from international suppliers, according to Equita SIM analyst Gianmarco Bonacina.

U.S. pressure on the Veldhoven-based company started in 2019, when President Donald Trump’s administration pushed the Dutch government to ban sales of ASML’s top-of-the-line extreme ultraviolet lithography machines to China. ASML is the only company that makes this technology, which is used to create semiconductors that power everything from smartphones to sophisticated military gear.

Then, pushed by Biden’s administration, the Dutch government tightened export controls on China further last year, restricting the DUV machines, the second most advanced product line the company offers from Jan. 1. China has been rushing to stockpile them since.

Between July and November, China’s imports of lithography machines surged more than five times to $3.7 billion, according to Chinese customs data. China accounted for nearly half of ASML’s sales in the third quarter — compared with 24% in the previous quarter and 8% in the three months ending in March — as companies there rushed to import its machines before export controls take effect.

China now accounts for almost half of ASML’s sales

Source: ASML

 

ASML’s outgoing Chief Executive Officer Peter Wennink toldinvestors in October that the new curbs will affect as much as 15% of the firm’s sales in China.

Wennink has publicly opposed the measures and warned they might encourage China to develop competing technology. “The more you put them under pressure, the more likely it is that they will double up their efforts,” he said last year in an interview with Bloomberg News.

— With assistance from Ian King, Mackenzie Hawkins, Fran Wang, James Mayger, Sunil Kesur, and Dan Murtaugh

(Updates with sector share decline in the ninth paragraph.)

 

 

 

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Conveyer Policy APIs bring federal rules into businesses’ data ecosystems

TopicLake technology unlocks regulatory insights to put companies in control of compliance processes.

 

 

HACKENSACK, N.J. — (BUSINESS WIRE) — Conveyer, a revolutionary AI platform transforming the way that businesses operationalize data, today announced the launch of its Curated Data Repository, a powerful Data as a Service (DaaS) platform that organizes, summarizes, and filters large and complex datasets to enable seamless knowledge discovery.

 

The first dataset accessible via the Curated Data Repository is Conveyer’s U.S. Policy Data solution, a unique, constantly growing resource comprised of more than 16,000 regulations drawn from over 400 federal agencies and sub-agencies.

“Our U.S. Policy Data enables businesses to drink from the full firehose of regulatory policy information in real time, while providing the clear structure and trustworthy data analytics needed to make regulatory information immediately actionable across the enterprise,” says Carolyn Parent, Conveyer CEO.

 

“That’s a game-changer for government agencies, contractors, and enterprises — and a clear sign of the transformative power of Conveyer’s Curated Data Repository.”

 

A suite of flexible APIs enable organizations to rapidly unlock the full power of Conveyer’s U.S. Policy Data, drawing on a constantly expanding dataset that already incorporates over 16,000 enacted and proposed federal rules dating back to 2020. Conveyer also announced the first free-to-use public version of a subset of its U.S. Policy Data, allowing enterprise customers and other interested parties to explore the solution’s capabilities online via a powerful Microsoft Power BI front end.

 

Using Conveyer’s proprietary TopicLake™ technology, the Curated Data Repository automatically digests federal regulations into over 328,000 unique Topics, each representing an individual concept or idea. The Topics and underlying text are then further processed to yield over 10.2 million unique GenAI artifacts — including summaries, keywords, categories, auto-generated Q&As, and sentiment analysis — which can be seamlessly activated across existing data ecosystems to enable powerful analytics or create intuitive new tools for non-specialist users.

 

Conveyer’s Curated Data Repository and U.S. Policy Data bring key benefits including:

  1. Democratized data access, making data insights accessible across the organization for strategic decision making, advanced analytics, compliance assessments, and more.
  2. Dependable data quality, with robust pre-processing to validate and vet content before it reaches users, customers, or downstream AI models.
  3. Transparent data provenance, enabling insights to be activated with confidence and seamlessly verified by compliance teams and legal specialists.
  4. Effortless implementation, with IT teams able to connect to policy data using existing headcount and infrastructure, enabling end-users to seamlessly self-serve data insights.

 

Using the Curated Data Repository, organizations of all kinds can now seamlessly integrate Conveyer’s U.S. Policy Data into their operations. Key use cases include accelerating product innovation by enabling teams to navigate complex new privacy or security regulations; increasing the speed of legal discovery across disparate datasets; and helping clinicians and healthcare administrators to improve patient care by amplifying the value of existing tools.

 

“For any business impacted by federal rulemaking, the U.S. Policy Data Source is a game-changer,” Parent says. “We’re turning unstructured federal rules and policies into structured data — and our new APIs enable that data to be harnessed across organizations to enable innovation, support compliance, and drive strategic planning at all levels.”

 

A subset of Conveyer’s U.S. Policy Data can be explored online, and the Conveyer team is available to discuss off-the-shelf and bespoke API implementations to give enterprises instant access to the full range of federal rulemaking.

 

About Conveyer

Conveyer is a revolutionary AI platform that ingests organization-wide data and quickly generates high-trust, high-accuracy topics, metatags, and new data for AI models. With 80% of the world’s content unstructured, Conveyer makes the power of AI more accessible across a wide band of high-value use cases.

 

Conveyer’s Data Transformation product is already trusted and deployed in production by Fortune 100 companies across a variety of sectors, including automotive, industrial, materials, technology, and utilities. These products are a powerful demonstration of the core technology: the ability to transform data using AI into high-trust business applications that dramatically reduce costs and support development of future AI applications by creating pre-packaged, cleaned training data for company-wide digital transformation.

Find out more at www.conveyer.com

Contacts

Ben Whitford

ben.whitford@conveyer.com

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Amazon Prime Video plans to start showing ads on Jan. 29, with option for customers to pay extra $2.99 per month for no ads

Movies and TV shows on Amazon’s streaming service will start getting broken up with ads in January — unless you’re willing to pony up an extra fee each month.

 

 

Chris Welch / The Verge:

 

 

—  Earlier this year, Amazon announced plans to start incorporating ads into movies and TV shows streamed from its Prime Video service, and now the company has revealed a specific date when you’ll start seeing them: it’s January 29th.

 

“This will allow us to continue investing in compelling content and keep increasing that investment over a long period of time,” the company said in an email to customers about the pending shift to “limited advertisements.”

 

“We aim to have meaningfully fewer ads than linear TV and other streaming TV providers. No action is required from you, and there is no change to the current price of your Prime membership,” the company wrote. Customers have the option of paying an additional $2.99 per month to keep avoiding advertisements.

 

The rest of the email summarizes the many benefits of a Prime subscription — no doubt an attempt to keep customers from canceling over this decision. Verge readers were none too pleased about the initial news back in September:

 

Amazon Prime currently costs $14.99 each month or $139 annually. (Prime Video can be subscribed to individually for $8.99/month.) The new charge for ad-free streaming would bring Prime to just under $18, and would push standalone Prime Video to just under $12.

 

Amazon also operates Freevee, a free, ad-sponsored streaming service. The company’s email notes that “live event content such as sports, and content offered through Amazon Freevee will continue to include advertising.”

 

The move comes as competing streaming services continue to raise subscription rates across the board and push ads upon customers on their cheapest monthly plans. Disney Plus, Hulu, Max, Netflix, and Paramount Plus all include ads on their most affordable tiers. The monthly cost of Amazon Prime itself isn’t changing, but if you want to preserve the same experience you have today starting on January 29th, you’ll end up paying more.

 

 

Read more:

Amazon Prime Video plans to start showing ads starting on January 29, with an option for customers to pay an additional $2.99 per month to avoid the ads

 

 

Techmeme

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After testings, South Korean Internet giant Naver plans to let companies use its Rookie office helper robots to deliver meals and parcels

—  Korean tech company ready to export IT systems that direct automated workforce through the 5G cloud

 

 

Song Jung-a / Financial Times:

 

 

At a Starbucks in the futuristic headquarters of Naver, South Korea’s biggest Internet company, a line of robots is on standby to fetch coffee for the company’s employees.

 

About 100 robots on wheels — called Rookies — wander around the offices, carrying out simple tasks such as delivering meals and parcels and testing the boundaries of human interaction with machines in one of the first examples of a robot-friendly building.

PHOTO: Naver’s Rookie robots act as office helpers as they roam from floor to floor in its futuristic headquarters in South Korea © Naver

 

Naver has been experimenting with integrating service robots into office life for more than a year in the 36-storey building on the southern outskirts of Seoul. These “brainless” robots roam around the building, rolling through security gates and taking lifts, powered by Naver’s cloud system that enables them to see, recognize and operate seamlessly.

 

The company is now keen to export the cutting-edge 5G-based cloud robotics technology, with many countries in Europe as well as Japan and Saudi Arabia expressing interest in benchmarking its system.

 

“There are not many companies globally who can offer this high-quality robot service at this scale,” said Seok Sang-ok, chief executive of Naver Labs, Naver’s research and development unit, in an interview with the Financial Times.

 

“This requires a lot of seamless co-operation with many of our affiliates. Naver’s wide-ranging services, including search engines, online shopping and social networking, have allowed us to experiment with various robot technologies and services, all in-house.”

 

Like Amazon, Naver sells products online and operates a sizeable cloud business. It spends about a quarter of its annual sales on R&D with Naver Labs in charge of developing artificial intelligence, robotics and autonomous driving. Naver’s “digital twin” technology — a 3D scan of cities and buildings — also helps the robots to recognise their surroundings and find the most efficient routes. As they operate with just a normal video camera and without advanced processors and navigation tools, it costs much less to make them, Naver says.

 

“We’ve tested the robots for more than a year and now have a lot of data on human interaction with robots,” said Seok.

 

“We’ll focus on exporting IT services, as I believe our robotics technology using the cloud will become much better in two to three years.” Park Sang-soo, a researcher at the Korea Institute for Industrial Economics and Trade, said Naver faced export challenges, with the complexity of its technology meaning it was not as easy as “selling just a fleet of robots.”

 

“Naver’s robots are working well in its offices because the building was designed for that purpose, but it should consider the non-technological factors of the target countries such as their IT infrastructure and regulation to sell its platform solution,” he said.

 

South Korea has a thriving domestic robot industry, most of them being deployed in factories, as the country sees AI and robots as key to alleviating labour shortages in the face of the world’s lowest birth rate.

 

According to the International Federation of Robotics, South Korea has the highest “robot density” in the world, with 1,000 industrial robots per 10,000 manufacturing employees, compared with 399 in Japan, 322 in China, and 274 in the US. Robots are widely used in Korea’s car and semiconductor plants, but they are also becoming an increasingly visible part of day-to-day life.

 

Sales of service robots in South Korea are expected to almost double from $530mn this year to $1bn in 2026, an average annual increase of 23 per cent, according to the Korea Institute of Science and Technology Information. Naver is looking to sell a combination of systems for industrial and server robots. Last month, it opened Asia’s largest data centre to accelerate its push into AI and the cloud. In the vast building in Sejong City that houses 600,000 servers, multiple robots carry heavy servers between IT warehouses and server rooms, while self-driving shuttles are in operation for employees and visitors to the campus.

PHOTO: Naver uses a variety of robots in its vast new data centre, opened in November in Sejong City © Naver

 

“We have a full portfolio [of technologies] that can cover many new use cases,” said Albert Wang, Naver Labs’ principal researcher.

 

“A lot of companies focus on single applications. We are really looking at the system levels. We have multiple types of robot systems co-operating together.”

 

Despite being a technology powerhouse, South Korea remains weak in software development, with its tech exports mostly confined to hardware such as chips, electronics and electric vehicle batteries. Naver is trying to change that picture, with exports of IT services like digital twins, robotics and AI tools, although it has so far failed to gain a foothold abroad with its powerful search engine. Earlier this year, the country won its first major high-tech export contract to the Middle East to build and operate digital twins or virtual versions of five cities including Riyadh, Medina and Mecca, for five years. It is also looking to offer tailored versions of its latest ChatGPT-like artificial intelligence model to foreign governments concerned about US data controls.

 

“We are just beginning to export our IT services, which can become the country’s new export driver,” said Seok. “We aim to become the leading exporter of the country’s IT services in the medium to long term.”

 

 

 

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