Popular social media platform TikTok is taking steps to ensure transparency and responsible content creation by introducing a new tool that allows content creators to label their AI-generated content.

This move comes as AI continues to play a significant role in the creativity of content on the platform.

While AI offers creators remarkable opportunities for innovation and creativity, there is a potential for confusion or misinterpretation among viewers when content has been generated or edited with AI, and this is where labelling becomes crucial.

The introduction of the new label will provide TikTok users with a clear indication that the content they are viewing has been significantly altered or modified by AI technology.

Creators will have the flexibility to apply this label to any content that has been entirely generated or substantially edited using AI.

Why TikTok is pushing for labelling AI-generated content

This initiative aligns with TikTok’s commitment to its Community Guidelines’ synthetic media policy, which was introduced earlier this year.

The policy mandates that AI-generated content containing realistic images, audio, or video must be appropriately labelled.

By adhering to these guidelines, TikTok aims to provide viewers with the necessary context to understand the content and prevent the potential spread of misleading information.

How TikTok will facilitate the adoption of flagging AI-generated content

To facilitate the adoption of these new labels, TikTok will release educational videos over time to help users understand and implement the policy effectively.

In addition to allowing creators to manually label their AI-generated content, TikTok is also exploring ways to automatically flag such content.

This proactive approach will further enhance transparency and ensure that TikTok’s vibrant community is informed about AI-generated content.

TikTok’s overarching goal with these efforts is to build on existing content disclosures, including the TikTok effects labels, and to find a clear, intuitive, and nuanced way to inform its community about AI-generated content.

By taking these steps, TikTok continues to be at the forefront of responsible content creation and innovation, fostering a dynamic and informed online environment for users and creators alike.

In an era where managing our finances and securing our financial future has never been more crucial, many of us find ourselves struggling to do so.

It’s a daunting task, especially for those of us who can barely stick to a skincare routine, let alone create and stick to a budget.

If you’ve ever felt like you’re doing something wrong when it comes to your finances, rest assured, you’re not alone. The key to solving your savings woes may lie in understanding and tailoring your approach to your unique “money personality.”

Every one of us has a distinct money personality, and these personalities can reveal a lot about how effectively we’re managing our savings.

Even if you’re not striving to amass a significant nest egg for major investments like property or retirement, understanding your money habits is crucial.

It can help you identify and address problematic tendencies that might come back to haunt you in the future.

So, whether you’re a natural saver, a spontaneous spender, a meticulous planner, a cautious investor, a generous giver, or a carefree avoider, understanding your money personality can empower you to make more informed financial decisions.

It’s a step toward achieving financial stability and securing your future, all while embracing your unique approach to managing money.

After all, there’s no one-size-fits-all solution when it comes to finances, and recognizing and respecting your money personality is the first step on your journey to financial success.

• The Avoider

For the financially avoidant, saving isn’t second nature. Money conversations can make you tune out. But burying your head in the sand won’t get you anywhere. Money matters should stay illuminated.

Rather than keep avoiding facing the facts, consider a playful approach. To stay engaged, adopt enjoyable spending habits that double as financial check-ups.

Enter the No-spend Challenge. Pick an area like clothes, dining out, or drinks, and cut them for a week.

Then, stash the money you’d typically splurge on those into savings. It’s an exciting way to take control without sacrificing essentials. Don’t let avoidance darken your financial path light it up with savvy spending and saving.

• The Compulsive Spender

Do you get an adrenaline rush from those doorstep deliveries? Enjoy indulging beyond your means? Treating yourself is essential, especially during times when online splurges provide solace. Yet, moderation is key.

Psychologist Mario Weick from Durham University explores how forward-thinking can rein in compulsive spending. “The benefits of saving money unfold over time, so focusing on future goals makes saving easier. Prioritizing the present may fuel more spending. Therefore, strengthening your savings involves making it easy, social, and enjoyable.”

For compulsive spenders, you can get ahead by having an untouchable account with a strict spending cap. Allocate a portion of your income to a fixed savings account.

This prevents impulsive spending, creating a barrier to unwarranted deductions from your bank balance. Take control and make saving just as thrilling as those doorstep deliveries.

• The compulsive saver

On the opposite end of the financial spectrum are the ultra-frugal individuals. If you’re a compulsive saver who never allows yourself any disposable income or the joy of spending, it might be time to reassess your financial habits.

Psychologist Mario Weick suggests that neither extreme spending nor extreme frugality guarantees happiness. Uncontrolled spending can lead to guilt and debt, while excessive frugality can burden you with constant money worries.

Clare Framrose’s financial advice emphasizes the importance of accounting for “fun” spending. “Find a balance between spending and savings”, she advises.

Allocate a portion of your budget each month for fun a sum dedicated to indulging yourself and nurturing your internal happiness.

Money can’t buy happiness, but treating yourself occasionally can lift your spirits instantly, whether through a delightful dinner, a long-desired bag, or a special cocktail.

• The risk taker

Life without risk might be dull, but reckless money choices can lead to trouble. If you regularly embrace financial risks without assessing the consequences, it’s time for a rethink.

Risk-takers chase fleeting highs triggered by dopamine release in the brain. Pleasure and thrills abound, but long-term pain looms.

To rein in these impulses, consider setting financial boundaries with an advisor.

Stay vigilant and consider saving in a fixed account. It acts as a safety net, signaling when to stop spending, and helping you maintain financial stability while embracing life’s occasional risks.

• The saver-splurger

Do you often begin the month with good intentions but find yourself overspending by the end? If this sounds familiar, you’re a saver-splurger a category many of us “not-bad-but-not-great with money” folks belong to. While you’re not an avoider and might even have a budget, it’s time for a different approach to financial planning.

Remember, a budget only works if you stick to it! A micro-budgeting approach can help. Instead of planning your finances monthly, consider breaking it down into weekly spending points.

This way, saver-splurgers can stay on track, avoiding last-minute struggles before payday. It’s about maintaining financial control throughout the month.

Nigeria’s local currency, the naira, has set a new record, falling to its lowest against the dollar at the parallel market.

Currency traders in Lagos, also known as Bureaux De Change operators (BDCs), quoted the naira at N1,000 to the greenback at the street market.

The traders, on Tuesday, put the buying price of the dollar at N990 and the selling price at N1,000 — leaving a profit margin of N10 .

The figure represents a depreciation of N7 or 0.7 percent from the N993/$ it traded on Monday.

A BDC operator simply known as Atiku, in Ishaga, said he is selling the dollar at N1000; while Shehu, another street trader in Ogba, offered the same rate.

“Dollar is more expensive and scarce. In fact, if you are willing to sell, I will be willing to buy, even if it is at N990/$,” said a BDC operator at the Alade market in Ikeja.

At the official side of the market, the investors’ and exporters’ window (I & E), the local currency depreciated by 4.78 percent to close at N773.25 to the dollar on Monday.

According to details on FMDQ OTC Securities Exchange, a platform that oversees official FX trading in Nigeria, a total of $64.14 million FX transactions were made at the I&E window.

The last time the naira hit its lowest was on August 10 when it traded at N950.