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Highlights Vaishnaw spoke on the need for social media to fairly compensate traditional news organizations. He addresses the revenue losses and investment in quality journalism. Vaishnaw highlighted the spread of fake news and misinformation on social media. He criticised platforms for avoiding responsibility. Ashwini Vaishnaw - union electronics and information technology minister. (File Photo; Credit - Unknown) Union Electronics and IT Minister Ashwini Vaishnaw has spoken on the need for social media platforms to fairly compensate traditional news organizations for the content shared and consumed on their platforms. Speaking on National Press Day, Vaishnaw highlighted the significant challenges news outlets face in today's evolving digital landscape. Celebrating the power of Press: upholding democracy and freedom 📍At the National Press Day event pic.twitter.com/ZSbsPDyzhP — Ashwini Vaishnaw (@AshwiniVaishnaw) November 16, 2024 He shared four challenges we face today, which included the following - Fake news & disinformation Fair compensation by platforms Algorithmic bias Impact of AI on Intellectual Property Four challenges we face today; 1. Fake news & disinformation 2. Fair compensation by platforms 3. Algorithmic bias 4. Impact of AI on Intellectual Property pic.twitter.com/TWoYZEUQD2 — Ashwini Vaishnaw (@AshwiniVaishnaw) November 16, 2024 Vaishnaw pointed out that the rise of social media has shifted news consumption away from the digital platforms of conventional news outlets, leading to revenue losses. Emphasising the extensive investment made by traditional media in creating quality content, the Minister said, “The investment done in creating a team of journalists, training them, having editorial processes, having methods to check the veracity of news, taking the responsibility for the content, all those investments are huge in terms of time and money.” He noted that these efforts were being undermined by the dominant advantage social media platforms have over traditional media. Vaishnaw also raised concerns about the spread of fake news and misinformation on social media and highlighted how it has led to incidents of violence, terrorism and interference in democratic processes globally. He argued that platforms have “shied away from the responsibility for the content” because of the concept of safe harbouring. “With our diverse society, we have to be extra careful. Therefore, when the circumstances are different, should not there be different metrics for the platforms?” he stated. The minister flagged additional issues like algorithmic biases on social media platforms, which prioritize content that evokes strong reactions, and the impact of artificial intelligence on intellectual property rights. Both, he said, are significant challenges faced by Indian internet users today. Vaishnaw’s remarks underscore the growing need to create a fairer digital ecosystem where news organizations are adequately compensated and accountability for the content on social platforms is ensured. FAQs Q1. Why does Vaishnaw believe social media platforms should compensate news organisations? Answer. Vaishnaw highlighted the significant challenges news outlets face in today's digital landscape, including revenue losses due to the shift in news consumption away from traditional media to social media platforms. He emphasized the extensive investment made by traditional media in creating quality content, which is being undermined by the dominant advantage social media platforms have. Q2. What concerns did Vaishnaw raise about fake news on social media? Answer. Vaishnaw raised concerns about the spread of fake news and misinformation on social media, leading to incidents of violence, terrorism, and interference in democratic processes globally. He argued that platforms have shied away from responsibility for the content because of the concept of safe harbouring. Q3. What issues related to algorithmic biases and AI did Vaishnaw flag? Answer. Vaishnaw flagged issues like algorithmic biases on social media platforms, which prioritize content that evokes strong reactions, and the impact of artificial intelligence on intellectual property rights, describing these as significant challenges faced by Indian internet users today. Also Read : TRAI needs more teeth to punish and enforce: Ashwini Vaishnaw Also Read :India Telecom 2022: 5G network is in its final stages of development, says Telecom Minister Ashwini Vaishnaw

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Social Media Platforms Must Fairly Compensate News Organizations: IT Minister Vaishnaw