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The law can’t catch up with tech

WHEN the Anti-Wiretapping Act was enacted in 1965, lawmakers aimed to regulate physical telephone taps. Decades later, courts struggle to apply that same statute to encrypted messaging, VoIP calls, and generative voice synthesis. A similar structural disconnect now defines the legislative push to protect children on…

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Haircut No. 2: Anthropic IPO Talk Slides To $1.2 Trillion As AI Rout Crushes Odds Of A November Listing

Haircut No. 2: Anthropic IPO Talk Slides To $1.2 Trillion As AI Rout Crushes Odds Of A November Listing Keeps going lower.Three weeks ago we reported that Anthropic IPO investors had marked the valuation from $2 trillion down to $1.5 trillion as the growth slowdown sank in. This morning, Bloomberg reports that the p…

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Global stocks plunge amid AI slowdown fears after Democrats’ midterm triumph

Asian and European markets follow US tech rout with many analysts predicting more waves of selling to comeEuropean and Asian stock markets fell sharply on Friday after the Democrats’ decisive victory in the midterms triggered a rout in US tech stocks a day earlier.A sell-off on Wall Street on Thursday was followed b…

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Consumer Sentiment Unexpectedly Jumps, Fueled By Independents, Despite Growing AI Bubble Fears

Consumer Sentiment Unexpectedly Jumps, Fueled By Independents, Despite Growing AI Bubble Fears The UMichigan consumer sentiment survey unexpectedly jumped in November to a three-month high, boosted by modest improvements in Americans' views of their personal finances and the economic outlook.The University of Michig…

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Anthropic is making biotech boasts, but scientists are wary of hype around ‘curing cancer’

Anthropic has been pushing is biotechnology projects in a bid to drive up its stock price, but scientists warn people need to be realistic. The AI giant has opened a biology lab in the Bay Area, bought two biotech startups — one for about $400 million in stock — and partnered with drugmakers including Bristol...

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China’s AI models, led by Kimi, dominate open-source enterprise spending

Chinese artificial intelligence models led by Moonshot AI’s Kimi family accounted for nearly nine-tenths of estimated global enterprise spending on open-source systems, according to a new study, even though proprietary US rivals continue to capture the vast majority of overall revenue. The report, released this week…

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Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls

Nasdaq Futures Bounce As Dip-Buyers Pick Through AI Wreckage Ahead Of Payrolls US futures are higher, led by a sharp rebound in semis and memory names, as dip buyers emerge after Thursday's AI bloodbath which saw the Nasdaq 100 suffer its worst day since March 2020, while traders brace for the October jobs report; a…

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Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI

Decision made in order for factory in Texas to be used for Cybercab, the carmaker’s self-driving taxiElon Musk has announced that Tesla will wind down production of its Cybertruck, marking the end of a failed effort to take a chunk of the lucrative market for pickups in the US.The billionaire chief executive said pr…

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Midterm swing won’t change trajectory of US-China rivalry

American voters have spoken. In the midterm elections, Democrats won both the House and Senate in a sweeping rebuttal of US President Donald Trump’s erratic management of domestic and foreign affairs. Despite this, the trajectory of US-China geopolitical rivalry will remain unchanged for decades, with every chance o…

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Measles, mumps and misinformation: how Crunchy Moms became ‘the most dangerous’ group on Facebook

Meta says it removes content that could cause imminent physical harm – but nearly half a million members have joined a group that regularly promotes misinformationAs a measles outbreak spread through Lancaster county, Pennsylvania, in August, a parent turned to a massive public Facebook group, Crunchy Moms, for advi…

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Russia and US seek to block plan for binding rules on autonomous weapons

UN conference this month seen as key moment after years of discussions on filling gap in governance of AI systemsPlans to fill a gap in the global governance of autonomous weapons are in jeopardy as a group of nations led by Russia and the US move to use a UN conference this month to block proposals to negotiate a l…

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China’s AI chipmakers report first profits, but will the trend continue?

China’s pure-play artificial intelligence chipmakers crossed an important milestone in the third quarter as several firms swung into profit, but severe supply chain hurdles and soaring memory costs cloud their long-term growth prospects. Domestic graphics processing unit (GPU) developers including Moore Threads, Met…

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Japan deploys AI, specialist teams to counter cyberattack wave

Japan’s government on Friday compiled a package of emergency measures to address a spate of recent personal data breaches caused by unauthorised access, amid growing public concerns over cybersecurity. Among the measures are promoting the use of artificial intelligence to identify vulnerabilities in computer systems…

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Korea, Taiwan and Japan take first jolt from Democratic AI shock

SEOUL – The fallout from this week’s US midterms is already upending South Korea’s financial system. On Friday, the Kospi plunged more than 8% and fell below 5,000 for the first time since February. Investors clearly fear the Democratic sweep on November 3 will delay or halt data center construction in the US. Chip …

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China's New 'AutoDNA' AI Lab Needs Humans For Just Two Chores

China's New 'AutoDNA' AI Lab Needs Humans For Just Two Chores Researchers at Shanghai Jiao Tong University have built a laboratory in which a team of AI agents designs and runs DNA experiments from a single typed prompt, with people stepping in only to restock reagents and service the hardware, according to a paper …

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Kospi plunges 6% amid brutal AI sell-off

Fears of tighter regulation on AI data center investments after the US midterm elections have rattled markets, sending South Korea’s benchmark Kospi below the 5,000 mark at one point during intraday trading Friday. According to the Korea Exchange, the index closed at 5,059.69, down 6.02 percent from the previous ses…

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From finance summit to AI-driven stock rout: 5 figures investors are watching in China

China’s state intervention in the struggling market accelerated this week, even before the US midterm results gave global markets a jolt. Meanwhile, global executives gathered in Hong Kong to discuss issues ranging from the AI trade to asset diversification and wealth management, amid the city’s better-than-expected…

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Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live

European and Asia-Pacific markets slide after Wall Street rout, while latest US jobs report beats forecastsDespite the sharp losses suffered on global stock markets around the world, most indices are still up for the year.The Nasdaq Composite index, for example, is still up 4.6% since the start of January – even tho…

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Seoul stocks crash for 2nd day on AI rout after US midterms

Seoul stocks sank for the second consecutive session on Friday amid fears that a Democratic Congress could decelerate the pace of data center construction for artificial intelligence. The Korean won was trading sharply lower against the US dollar. The benchmark Korea Composite Stock Price Index closed down 324.11 po…

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South Korean director Yeon Sang-ho revisits AI themes in latest thriller 'Paradise Lost'

SEOUL, South Korea — South Korean director Yeon Sang-ho has built his films around artificial intelligence. His latest, “Paradise Lost,” revisits the theme in a psychological thriller about a mother who spends nine years with an AI version of her missing son — until the real one comes home.

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US accuses trio of using AI to impersonate CEOs and lawyers to steal US$129 million

Three people accused of using artificial intelligence to impersonate corporate executives and lawyers to steal about US$129 million have been indicted on charges of wire fraud and aggravated identity theft, prosecutors said Thursday. Over more than a year and a half, Jacob Soall, 41, Sharon Hazan, 54, and Guy Sheetr…

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Woori, MSCI chiefs discuss climate and AI

Woori Financial Group Chairman Yim Jong-yong met Henry Fernandez, chairman and chief executive of global index provider MSCI, in Seoul on Thursday to discuss climate change and artificial intelligence's impact on finance. The meeting at Woori's headquarters covered financial firms' responses to both trends, as the K…

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Trump’s Israel aid cut reveals push to trade grants for tech cooperation

The close defence relationship between the United States and Israel is set to be restructured over the coming two years, with billions of dollars in direct annual military aid being phased out in favour of joint weapons technology programmes. US President Donald Trump shocked Israelis and Americans alike on Tuesday …

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