Valentinos Tzekas, is a 20 year-old student born in Larissa, but already a serial entrepreneur. After an early success with the social network ‘’Near’’ he has developed an algorithm to fight fake news…
TDP: What is considered truth according to FightHoax.com?
Valentinos Tzekas: True for our algorithm is what independent, non-for-profit news sources like Associated Press have fact-checked and already covered. Also, we are considering truth, what independent fact-checking organizations like Politifact, Snopes and others have fact-checked.
TDP: How does FightHoax work?
VT: First of all, FightHoax analyses the history and reputation of the website which hosts a given news article: Is the website known for posting a lot of fake news like abcnews.com.co, is the website known for posting consecutively trusted articles like the Associated Press or something more in the middle like Fox News or Daily Mail? Then, FightHoax analyses the author of the article and his history. Is it a well known with a reputable past in respected news outlets, is it someone who is a university teacher or someone with no active past in the news industry?
At last and more importantly, the article is analyzed. From the language used to the facts stated, we compare every tiny aspect of the article with more trusted articles on the same topic. FightHoax reads and understands the article like a human. At the same time, we scan the whole web, like a database, in seconds. Do the other articles on the same event, have important differences? Has the article enough information for us to compare? Is the language quality good? Is the syntactic similarity high but not the semantic one?
These are the 3 main pillars of FightHoax’s algorithm. After having analyzed hundreds and hundreds of articles, each variable has almost the perfect mathematical weight.
TDP: What is your vision for FightHoax after the beta period? Who you aim to be the ultimate users?
VT: My long-term vision is to help the everyday people. As I said before: “Right now, if you think about it, politicians and journalists have the “power of truth”. My mission is to give normal people the power of truth—make them more powerful without the need of having journalistic skills.”
TDP: How big is the threat of fake news? Do you believe European governments are exaggerating the risks?
VT: Fact checking articles are exploding, people got misguided in both US and French elections, Macedonian teenager quit college to focus on writing false news so he can earn more than both of his parents, 42% of people said that they don’t trust news on Facebook because “it hasn’t done a good job of curbing fake news.” Germany approved a plan to fine social media companies up to 50 million Euros, every single day, if they fail to remove fake news posts. Yet, Facebook and Google are trying to solve the mass misinformation issue with just one more report button. I do believe that the very next months, we are going to be hit by the next wave of misinformation. We have to be prepared.
TDP: Do you think there is a risk that government efforts to tackle fake news be could come in contradiction with the respect of freedom of expression on the internet? And, more importantly, do you think that it is possible to counter the phenomenon through legislation?
VT: I do believe that we need a human level solution. Legislations and high tech are not going to fix the problem. We need media literacy platforms and initiatives.
This is why, we are trying to tackle the fake news problem on a human level by exposing every angle of any news story, in seconds. We do not need truth-or-not machines. Critical thinking and quality news consumption skills is a must skill-set for every 2.0 citizen.
TDP: What kind of challenges do you think that a young entrepreneur in Greece faces compared to other EU peers?
VT: I think that in Greece we have lost our hope. We have become miserable and this is much worse than being poor. When I was 18, I shared some of my thoughts with Forbes. You can read them, here. I still believe and support the same as a serial entrepreneur acting in Greece. Sooner or later, I will move my business and my life, abroad.
Photo credits by: Bank Phrom
After the two previous conference editions which were held in one of Europe’s innovation hubs Dublin (May 2013 and June 2014), next year’s global thought leadership event will take place in the vibrant city of Espoo, Finland on 8th-9th June.
During the inaugural event in 2013 high-level decision makers, leading innovation experts and entrepreneurial practitioners from across the globe co-created a document to pave the way for future innovation policies – the Dublin Innovation Declaration.
The 2014 conference solidified and progressed the solutions agreed upon at the 2013 conference, and discussed new approaches in innovation adoption based on open business models.
Like the previous editions in 2015 thought leaders are invited to share their Open Innovation findings in the practice. The industrial and socio-economic aspects will be strongly presented in this two-day conference.