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AI and media: After platform-ad revenue monopoly, Big Tech now targets Sh16trn news product
Sadly, the hope that has sustained the Forth Estate through waves and repeat waves of digital disruption appears to be thinning out, with the AI race between the US and China working in Big Tech’s favour.
In Kenya, a story is told of a broker, an infamous middleman in the country’s formal and informal trade in land, agricultural produce, shares and bonds, second-hand vehicles and lately, human labour.
Coined, packaged, branded and sold to both buyers and sellers as market intermediaries, brokerage in unregulated and poorly regulated markets has become synonymous with exploitation, fraud, price manipulation, corruption, modern-day slavery and even death.