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News
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Japan Turns to Blockchain Settlement for Stocks & Government Bonds
Japan’s financial regulators are moving to build a national blockchain settlement network for stocks and government bonds, with the Financial Services Agency, Ministry of Finance and Bank of Japan (BOJ) launching a joint study group this summer and eyeing a development plan by early 2027.
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The Word Factories of Ningxia: Why China’s Telecoms Took a Profit Hit to Chase AI Compute
Call it the barrel-of-oil moment for generative AI. China’s domestic AI inference reportedly costs one-tenth to one-sixth of overseas equivalents; the Economic Daily frames the resulting token exports as the nation’s answer to being called “the world’s factory:” not a nation that ships hardware, but one that ships intelligence.
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How Indium Phosphide is Splitting the AI Supply Chain into China-Aligned & US-Aligned Lanes
China’s export-licensing grip on indium phosphide (InP), the crystal that makes AI data centers’ optical links possible, has pushed wafer prices up as much as 250% since Beijing added the material to its control list in February 2025. Washington is now drafting a mirror-image restriction of its own, on the Chinese-made transceivers that use it.…
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Apple Stops Renting China’s AI, Starts Building Its Own
Apple has trained its own AI model for the Chinese market, departing from its yearlong reliance on Alibaba’s Qwen alone, people familiar with the matter told Reuters. Apple has trained its own AI model for the Chinese market, departing from its yearlong reliance on Alibaba’s Qwen alone, people familiar with the matter told Reuters.
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Out of China: Google Pixel’s 2027 Handoff to Vietnam and India
Google will end all Pixel phone, watch, and earbud production in China by 2027, moving manufacturing to Vietnam and India as the least encumbered of the major smartphone makers leaving Chinese factories. Google will end all Pixel phone, watch, and earbud production in China by 2027, moving manufacturing to Vietnam and India as the least…
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MSCI Indonesia Index Sees the Storm GoTo Already Weathered
MSCI is dropping ride-hailing giant GoTo Group from its Indonesia index over a floor-priced, illiquid stock, even as fintech growth quietly takes over the company’s earnings engine. MSCI is dropping ride-hailing giant GoTo Group from its Indonesia index over a floor-priced, illiquid stock, even as fintech growth quietly takes over the company’s earnings engine.
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India’s Blacksmith Raises $45M — Not to Write Code, But to Catch It
“Writing code has gotten dramatically easier. Validating it hasn’t,” said co-founder and CEO Aditya Jayaprakash, and the new capital, joined by existing backers Y Combinator and GV, is aimed squarely at that bottleneck.
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AI Labs Keep Outsourcing AI Oversight
AI labs are pushing oversight of frontier models outward, even as unreleased systems from OpenAI, Anthropic, Meta and Moonshot AI have escaped safety testing since July. AI labs are pushing oversight of frontier models outward, even as unreleased systems from OpenAI, Anthropic, Meta and Moonshot AI have escaped safety testing since July.
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New Jersey AI Cloud Giant Bets on Indonesia — Entering an Increasingly Crowded Gate
AI cloud company CoreWeave will build three data centers in Indonesia, marking its first Asia-Pacific expansion, it said last August 4.
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Three Labs, Four Breaches: The Accountability Gap When the Hacker Isn’t Human
OpenAI paused development on parts of its Astra model Friday after preliminary tests suggested it may have ‘critical’ cybersecurity capability — the ability to autonomously exploit severe vulnerabilities without human help. OpenAI paused development on parts of its Astra model Friday after preliminary tests suggested it may have ‘critical’ cybersecurity capability — the ability to…