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koreatimes.co.kr | 25 min. ago NEW

Collective learning in decline: Korea's hidden risk

#AI #artificial intelligence #Chips #competitiveness #Infrastructure #real #semiconductor

Korea has almost everything a country could want for the age of artificial intelligence (AI). We have world-class semiconductor manufacturers, some of the fastest digital infrastructure anywhere, an intensely educated workforce and a government willing to spend heavily on artificial intelligence. Korean companies are racing to adopt generative AI, universities are launching new programs and policymakers increasingly speak of AI as a pillar of national competitiveness and resilience. On paper, Korea should be one of the great winners of the AI era, yet I worry that we are looking at the wrong scoreboard. The real advantage in an AI-driven world may not belong to the country with the most advanced chips, the largest models or the greatest volume of data. It may instead belong to the society that can recognize change, understand what it means, make decisions, act on them and learn quickly from the results. In other words, the decisive capability is not simply artificial intelligence. It is collective learning. Korea has a problem here. Our technological capacity has advanced much faster than

newsbeep.com | 7 hrs. 6 min. ago

Would a $20 minimum wage in Quebec actually be a ‘big blow’ to the economy?

#AI #economy #minimum wage

Listen to this article Estimated 3 minutes The audio version of this article is generated by AI-based technology.…

thenextweb.com | 12 hrs. 58 min. ago

Nvidia may put $10bn into Anthropic’s IPO, more than Europe’s largest AI round in full

#AI #Anthropic #Europe #IPO #media #Return

Nvidia is in talks to invest up to $10bn in Anthropic’s initial public offering, which seeks as much as $100bn at a valuation near $2trn and would be the largest listing in history. Three days earlier it returned as an investor in Mistral’s EUR 3bn round, the largest ever raised by a European technology company […] This story continues at The Next Web

ft.com | 20 hrs. 25 min. ago

Joseph Stiglitz on how to build a better AI economy

#AI #economy

A slow rollout will disappoint investors. A fast one risks undermining the industry’s own foundations. But managed carefully, this is a technology that could benefit us all

kyivindependent.com | 1 days ago

Russia uses AI in cyberattacks against Ukraine, Europe, targeting WhatsApp accounts, government ministries, Anthropic says

#AI #Anthropic #Europe #Russia #Supply Chain #supply chains #Ukraine

"A common theme of the targeting was Ukraine and military drone technology providers and supply chains," Anthropic wrote in a report on countering AI misuse.

businessinsider.com | 1 days ago

In supply chain cyberattacks, AI is being used to fight AI

#AI #Supply Chain #supply chains #Uber

Uber Freight, Ceva Logistics, and Fairlife experience cyberattacks, spotlighting AI's dual role as both risk and remedy in supply chains.

ft.com | 1 days ago

UK economy unexpectedly grew 0.4% in July boosted by AI surge

#AI #economy #Inflation #oil #oil price

Resilient start to third quarter comes as surging oil price reignites inflation fears

thenextweb.com | 1 days ago

Anthropic maps three AI economies, from a mild boost to mass job loss

#AI #Anthropic #economy #loss #media #unemployment

Anthropic has built a model of how AI might reshape the US economy by 2030. Its most extreme case describes an economy roughly a third larger than it would otherwise be. That same case carries knowledge-work unemployment near 18 percent. The company published the model on 10 September as an interactive scenario explorer, based on […] This story continues at The Next Web

thenextweb.com | 1 days ago

Tencent-backed chipmaker Enflame nearly triples in its Shanghai debut

#AI #Chips #IPO #market #media #shares #stock #Yuan

Shares in Shanghai Enflame Technology closed 179% above their offer price on their first day of trading on Shanghai’s Star Market on Friday. The Tencent-backed AI chipmaker had raised about 6.12bn yuan ($911m) in its initial public offering, Bloomberg reported. The stock opened at 410 yuan, against an IPO price of 142.18 yuan. It rose […] This story continues at The Next Web

theguardian.com | 1 days ago

Nation pauses to remember September 11 on 25th anniversary

#AI #Anthropic #dividend #housing #Killed #market #media #mortgage #Musk #Plus #Safeguard #SET #Startup #trade #Trump #world trade

First Thing | Commemoration ceremonies to be held around the world for the nearly 3,000 killed in 2001 terror attack on US. Plus, JD Vance sets out his stall as heir to Donald TrumpGood morning. It is a sombre day for the nation as people gather to mourn and remember the nearly 3,000 victims of the attacks on September 11 2001, when 19 al-Qaida hijackers seized control of four airliners, slamming two of the planes into the World Trade Center, one into the Pentagon in Arlington, Virginia, and the fourth into a field in western Pennsylvania.We have comprehensive coverage of the anniversary, which will be marked by ceremonies around the world. There are stories of the day from people who were there. Stanley Praimnath and Brian Clark were two of only four individuals known to have survived above the impact zone in the south tower, and they spoke to our Washington bureau chief David Smith. Anna Sweeney Rossman was five when her mother, Amy Sweeney, a flight attendant, was killed onboard American Airlines flight 11, and she spoke to Ramon Antonio Vargas about how the events of that day have cast a shadow on her life.Donald Trump’s promise of a $5,000 “Trump dividend” for every US citizen if Republicans retain control of the US Congress in November’s midterm elections has sparked incredulity and accusations of bribery.With his approval rating at a historic low, Trump brought down the curtain on the Republicans’ first ever midterm convention by pleading with supporters to do him “the biggest favor” and “pretend” they are voting for him in November’s US elections.JD Vance, meanwhile, made a clear pitch that he should be the heir to Trump with a blistering speech that featured exaggerated claims of success, criticism of the Democrats as “lunatics” and an aggressive dismissal of a protester waving a Mexican flag.A US appeals court has rejected Trump’s attempt to impose sweeping restrictions on mail-in voting before November’s high-stakes midterm elections, dealing a fresh blow to the president’s attempted crackdown.Anthropic has detailed efforts by bad actors to misuse its AI for the production of bioweapons. More researchers and staff members at the AI startup have posted their own dire warnings about the safety of the technology, but Elon Musk called the chorus of concerns a “setup” and a “psyop”.California has adopted what Gavin Newsom described as “nation-leading” legislation that bans addictive social media features for young users, regulates companion chatbots and implements new safeguards around AI.Sales of previously occupied US homes declined in August to their slowest annual pace in more than a year as home shoppers grappled with rising mortgage rates and home prices. Continue reading...

independent.co.uk | 1 days ago

AI spending splurge helps UK economy grow in July

#AI #economy #GDP #Gross Domestic Product #growth

Gross domestic product (GDP) increased by 0.4% in July, following growth of 0.3% in June, official figures showed.

theguardian.com | 1 days ago

UK economy unexpectedly grows 0.4% in July boosted by AI

#AI #DeFi #economy #Forecast #GDP #Gross Domestic Product #growth #Iran

Welcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout The UK economy grew in July as the rapid expansion of AI appeared to outweigh the economic damage from the Iran war, in a welcome boost for John Healey.Figures from the Office for National Statistics (ONS) showed a surprise 0.4% increase in gross domestic product (GDP), compared with 0.3% growth in June. City economists had forecast zero growth. Continue reading...

businessinsider.com | 1 days ago

China's AI chip IPO boom rolls on as another Nvidia challenger soars 200% in market debut

#AI #Boom #China #Export #IPO #market #semiconductor

Tencent-backed Enflame is riding China's AI chip boom as US export curbs accelerate Beijing's semiconductor ambitions.

newsbeep.com | 1 days ago

Traditional labor market data isn’t keeping up with jobs in the ‘frontier economy’

#AI #economy #jobs #Labor Market #loss #market #R

Current debates about AI and the labor market overwhelmingly focus on job losses. If you’re a student of…

independent.co.uk | 1 days ago

UK economy unexpectedly grows 0.4% in July in boost for Burnham

#AI #economy

Increased use of AI helped the UK economy grow by 0.4 per cent in July, official figures show, in an unexpected boost for Andy Burnham.

euronews.com | 1 days ago

Anthropic says AI could bring both 15% growth and mass unemployment by 2030

#AI #Anthropic #Boom #economy #GDP #growth #unemployment

Anthropic has published an economic model projecting how AI might reshape the US economy by 2030, and its three scenarios range from barely perceptible to a boom with no historical precedent, including one in which GDP grows 15% a year while nearly a fifth of office workers are out of a job.

koreatimes.co.kr | 1 days ago

Korea Eximbank steps up financial diplomacy with 10 African nations

#AI #artificial intelligence #Bank #Botswana #construction #cooperation #development cooperation #economic cooperation #Egypt #Export #Fund #Ghana #Import #Kenya #KI #Lesotho #market #Rwanda #Sierra Leone #Support #Tanzania #Uganda #Zimbabwe

Hwang Ki-yeon, chairman and CEO of the Export-Import Bank of Korea (Korea Eximbank), held a series of high-level meetings with officials from 10 African countries in Seoul to discuss development projects and ways to support Korean companies seeking to enter the continent's growing markets, the bank said Friday. The meetings were held on the sidelines of the 8th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference, which brought together government delegations from 45 African countries. Hwang met with the vice president of Botswana and finance ministers from Tanzania, Kenya, Rwanda, Ghana, Egypt, Uganda, Zimbabwe, Lesotho and Sierra Leone on Wednesday and Thursday. The talks covered each country's development needs, potential projects financed through the Economic Development Cooperation Fund (EDCF) and ways to facilitate Korean companies' participation in development projects, according to Korea Eximbank. One of the projects discussed was the construction of an artificial intelligence (AI) and digital technology training institute in Tanzania. The project, approved in August

cnbc.com | 1 days ago

Chinese Nvidia rival Enflame soars 206% on stock market debut as AI demand stays hot

#AI #China #market #stock #Stock Market

Chinese AI chipmaker Enflame, an Nvidia rival and one of China's "four little dragons," made its Shanghai market debut.

koreatimes.co.kr | 1 days ago

Exports up 83% in first 10 days of September on chips

#AI #artificial intelligence #Boom #China #Chips #Export #Import #petroleum products #semiconductor #Semiconductors #trade #trade surplus #United States

Korea's exports surged nearly 83 percent year-on-year in the first 10 days of September, customs data showed Friday, driven by robust semiconductor shipments amid the global artificial intelligence (AI) boom. Outbound shipments reached $35 billion in the Sept. 1-10 period, according to the numbers released by the Korea Customs Service. The customs agency said exports reached the highest level for the first 10 days of September on record. Imports rose 20.7 percent year-on-year to $24.6 billion over the cited period, resulting in a trade surplus of $10.4 billion. Semiconductors led the overall gains, soaring 270 percent to $16.5 billion, also setting a fresh high for the period. Outbound shipments of petroleum products jumped 57 percent to $1.87 billion, while automobile exports increased 10 percent to $1.7 billion. Exports of ships and steel products also shot up 66.8 percent and 10.3 percent, respectively, the report showed. By destination, exports to China doubled to $7.95 billion, while those to the United States increased 137.5 percent to $7 billion. The country's total exports from Jan.

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