Artificial Intelligence (AI)

China is making AI advancements with breakthroughs in models, benchmarks, and smart factories, cities, and supply chains, attributed to factors like more engineers, factories, and state support.

Asian stocks declined due to a sell-off in chip shares, with South Korea's Kospi falling 5.1% and major chipmakers like SK Hynix and Samsung Electronics losing significant value. U.S. chip stocks also dropped, and oil prices fell amid hopes for improved crude supplies following Iran war negotiations. Concerns about an AI-driven supply glut and slower-than-expected adoption barriers weighed on investor sentiment.

The article warns against prioritizing artificial intelligence over human dignity, emphasizing that categorizing people by economic value risks social and political conflict. It argues that societies tolerating such practices move toward division.

A new Reuters/Ipsos poll found that 53% of 4,531 respondents fear job loss due to artificial intelligence (AI), with the survey conducted from June 3 through 8.

The article discusses rising youth unemployment in China (17%) and the challenges students face in securing jobs amid intense competition, exacerbated by the proliferation of artificial intelligence (AI). A philosophy professor highlights concerns about employability as AI reshapes the job market.

The Hong Kong University of Science and Technology (HKUST) is emphasizing human judgment over technical skills in its Master of Public Management (MPM) program, led by Programme Director Prof. Donald Low, as AI transforms public leadership and services.

The article highlights the growing influence of AI in emerging markets and the subsequent rise in stock-picking ETFs. It also mentions Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest chipmaker, set to announce financial results.

Iqbal Khan, UBS Group AG's president of Asia Pacific and co-head of global wealth management, discussed AI's dual impact on jobs and productivity during a Bloomberg Television interview at the UBS Asian Investment Conference in Hong Kong. He noted wealthy UBS clients are increasing investments in alternative assets amid market and global trade volatility.

Rep. Lori Trahan, a Democratic congresswoman, is pursuing bipartisan AI regulation talks with Republican Rep. Jay Obernolte despite resistance from Democratic leaders. Her efforts aim to balance safety and innovation in AI policy but risk alienating her party if the deal fails or is seen as compromising Democratic priorities.

TSMC's revenue has exceeded estimates, signaling sustained global AI spending in 2026 and easing concerns about an industry bubble. Investors are now diversifying their AI semiconductor bets beyond TSMC as the AI boom expands to new market participants.

President Trump postponed signing a planned executive order on AI regulation, stating he wants to preserve America's competitive lead over China in the artificial intelligence industry. Trump expressed concern that regulatory measures could undermine U.S. dominance in the AI sector.

Raoul Pal discusses the rapid impact of AI and crypto on the global economy, stating it's happening faster than most people think. He highlights the significant changes these technologies are bringing. The global economy is being reshaped by these advancements.

New Zealand's government will use AI to overhaul its public service, resulting in 9,000 staff cuts, about 14 percent of its current workforce. The goal is to increase efficiency and deliver significant savings. Finance Minister Nicola Willis announced the plan, citing the need for digital transformation.

Goldman Sachs reports that North Asian markets are outperforming South Asian markets due to stronger fiscal ability and AI developments. This divide is driven by the growth in AI and energy resilience. North Asian markets are seeing significant gains as a result.

Former Google CEO Eric Schmidt was booed by graduates when AI was mentioned, highlighting growing anxiety over AI's impact on jobs and future careers. The incident underscores concerns about AI's effects on employment. Students are increasingly worried about their career prospects.

Former Google CEO Eric Schmidt delivered a commencement address at the University of Arizona, where he was booed by students when discussing AI. Schmidt acknowledged the students' anxiety about AI's impact on the job market. The incident highlights the contentious topic of AI and its potential effects on employment.

The stock market is seeing a hot theme in HALO stocks, which are stocks that represent companies whose work cannot be replaced by artificial intelligence. An ETF has been created to invest in this theme, allowing investors to capitalize on this trend. This development reflects the growing interest in investing in human capabilities that AI cannot replicate.

Wall Street faces a warning from Dalio, an AI arms race, and China's growing power, while NYC is in a tax standoff. Dalio's warning and the AI arms race may impact the market, and China's growth could influence global economics. The NYC tax standoff adds to the uncertainty.

JPMorgan portfolio manager warns of potential risks to the high-grade debt rally due to AI and retail factors. The manager sees these factors as potentially disruptive to the current market trend. The warning highlights the complexity of the current financial landscape.

Senator John Fetterman criticizes Democratic opposition to AI and data centers, calling it 'lunacy' and warning against taking a stance against AI. He believes this stance is akin to a 'China first kind of policy'. The senator's comments highlight a divide within the party on technological development.

Anno Takahiro is a software engineer and sci-fi writer who founded Japan's hottest political party, aiming to use AI in politics. He wants to reshape politics with technology. The party is gaining attention in Japan.

Alibaba's core profit plummeted 84% in the March quarter due to heavy investments in tech and e-commerce, despite accelerated growth in AI and cloud services. The company's profitability was severely impacted by these investments. Alibaba's financial performance was affected by its strategic decisions.

FBI Director Kash Patel has announced the use of AI to enhance child exploitation investigations, threat detection, and internal operations. The integration of AI is expected to accelerate these processes. This move aims to improve the FBI's crime-fighting capabilities.

Hackers used AI to develop a zero-day exploit that bypasses 2FA, marking the first known instance of AI being used for malicious vulnerability discovery and exploit generation. The exploit was identified by Google, which attributed the activity to unknown cybercrime threat actors. This development raises concerns about the potential misuse of AI in cybersecurity.

Donald Trump rejected an offer from Iran, deeming it unacceptable. The move comes as AI boost continues to impact various industries. Trump's decision may have significant implications for international relations.

Silicon Valley giant laid off one in five workers after receiving a memo from the CEO regarding AI. The early morning memo had a chilling effect on employees. The layoffs are a significant reduction in workforce.

AWS integrates USDC payments for AI agents through Coinbase and Stripe, enabling new payment options. This integration is expected to enhance the functionality of AI agents on the platform. The move is seen as a significant development in the field of artificial intelligence and fintech.

Nvidia CEO Jensen Huang highlighted the company's partnership with Corning to reinvest in American manufacturing, aiming to revitalize it. The partnership is seen as an opportunity for American manufacturing. Nvidia and Corning are working together on AI initiatives.

Senator Bernie Sanders warns of AI risks and calls for US-China cooperation. He is one of the few federal lawmakers taking up the cause, emphasizing the need for cooperation between the two superpowers. The senator's stance comes at a time when the US and China are increasingly at odds over AI technology.

Anchorage has launched a new product called agentic banking, which allows AI agents to access capital across traditional finance and crypto payment rails. This move is seen as an opportunity to tap into a trillion-dollar market. The CEO of Anchorage believes this will have significant financial implications.

The Australian pension fund is shifting its investments from local stocks to US stocks due to the AI boom. This move is driven by the growth potential of AI-related companies in the US. The decision was made by Damien Webb of Brighter Super.

Haun Ventures has raised $1B and is expanding its focus to include AI in addition to crypto. The company's founder, Katie Haun, believes AI will play a significant role in economic activity. Haun Ventures is adapting its services for a future where AI conducts economic activity on behalf of humans.

Activist Guido Reichstadter is protesting atop the Frederick Douglass Memorial Bridge in Washington, D.C., against the Iran war and AI development, vowing to remain until the conflict ends. He criticized Congress for failing to assert its constitutional authority over war declarations and expressed concerns about nuclear weapons proliferation.

Bitcoin miner Riot's shares rose 8% following an expanded data center deal with AMD, indicating a strategic shift toward AI. The partnership highlights Riot's pivot to leverage AMD's infrastructure for AI-related operations.

The Pentagon has signed agreements with Nvidia, Microsoft, and AWS to deploy AI on classified networks, aiming to diversify its AI vendor exposure following a dispute with Anthropic over model usage terms.

Crypto markets are fragmented as miners shift focus to AI, BitMine prioritizes Ethereum, stablecoin liquidity remains stagnant, and tokenized U.S. Treasurys are altering trading collateral dynamics.

The article discusses how advancements in AI-driven longevity will strain Medicare and health insurance systems, suggesting Bitcoin as the only viable currency to afford future longevity technologies. It compares longevity treatments to cosmetic surgery, implying they will become a luxury accessible through Bitcoin.

The article accuses Senator Bernie Sanders of undermining U.S. AI development and aiding foreign adversaries due to his socialist views and perceived leniency toward communist regimes like the former Soviet Union. It labels him a 'useful idiot' for foreign left-wing totalitarianism.

The U.S. Space Force awarded 11 companies $3.2 billion in contracts to develop space-based interceptors for President Trump's Golden Dome program. The initiative includes incorporating AI into the orbital interceptor prototypes.

The Pentagon is addressing the challenges of securing AI in autonomous warfare, as highlighted by Chairman of the Joint Chiefs of Staff Gen. Dan Caine during a discussion at Vanderbilt University's Asness Summit. He emphasized that autonomous weapons are becoming an essential component of modern military operations.