South Korea will seek to create a “future response fund” financed by the tax windfall from its semiconductor boom, Yonhap reported. The proceeds would flow into AI, advanced manufacturing, and other long-term growth engines. Presidential chief of staff Kang Hoon-sik said the fund would turn the extra tax revenue into investment resources for future generations. The government […]
The NHS will use AI inside its app to direct patients in England to the right services, the government has announced. The tool will assess symptoms and work out whether someone needs a GP appointment, a pharmacy visit, or a trip to A&E. The update is expected to reach 200,000 patients over the next year before […]
A US government entity paid around $1m to stop stolen files from being published, according to a case study by researcher Rakesh Krishnan for Ransom-ISAC. The analysis draws on a leaked negotiation chat and the blockchain trail the payment left behind. The group behind the deal calls itself Kairos, but it may not be a ransomware gang […]
Australian Prime Minister Anthony Albanese on Friday condemned senators who blocked amendments to the country’s world-first social media ban for children, warning that the delay would give tech platforms time to destroy documents that could be used as evidence against them. The conservative Liberal Party and the minor Greens party referred the legislation to an eight-week Senate […]
Nearly a million people who bought President Donald Trump’s $TRUMP memecoin have collectively lost $3.81 billion, according to an analysis by blockchain analytics firm Nansen. The data, which covers all transactions through the end of June, found that 988,905 of the token’s buyers are underwater. Trump earned $636 million from the same coin. His 927-page financial disclosure, […]
China released draft amendments to its e-commerce law on Saturday, proposing 20 provisions that would expand the law’s reach beyond platforms and merchants to cover a wider range of participants in the digital economy. The proposal, jointly issued by the State Administration for Market Regulation and the Ministry of Commerce, is open for public consultation until 4 […]
The global race for AI infrastructure has become a contest of personal relationships. French President Emmanuel Macron and Indian Prime Minister Narendra Modi have emerged as its most aggressive practitioners, personally courting the heads of the world’s largest technology companies to secure data centre investments that will determine where the next generation of AI systems are trained […]
India’s Ministry of Electronics and Information Technology will summon Meta executives after a BBC investigation found that Instagram had been running paid advertisements promoting child sexual abuse material to users in the country. Union IT Minister Ashwini Vaishnaw has directed ministry officials to seek a formal explanation from the company, according to Business Standard, which cited government […]
OpenAI apparently failed to visit a key site earmarked for its Stargate UK data centre project before the initiative was announced, the Guardian reported on Friday. The revelation deepens questions about whether the UK government’s flagship AI infrastructure programme was built on press releases rather than due diligence. Stargate UK, a partnership between OpenAI, Nvidia, and […]
Dream, the Israeli AI cybersecurity startup that tripled its valuation to $3 billion this year, is expanding into Latin America. The company is targeting governments aligned with Washington in a region where cyber attacks are reportedly growing 25% annually and national defences rank among the weakest in the world. The expansion is notable for what […]
