Digital business models

Taiwan leads in AI defence of democracy

Taiwan has emerged as a global model for using AI to defend democracy, earning recognition for its success in combating digital disinformation.

The island joined a new international coalition led by the International Foundation for Electoral Systems to strengthen election integrity through AI collaboration.

Constantly targeted by foreign actors, Taiwan has developed proactive digital defence systems that serve as blueprints for other democracies.

Its rapid response strategies and tech-forward approach have made it a leader in countering AI-powered propaganda.

While many nations are only beginning to grasp the risks posed by AI to democratic systems, Taiwan has already faced these threats and adapted.

Its approach now shapes global policy discussions around safeguarding elections in the digital era.

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Meta expands AI ambitions with more OpenAI hires

According to a report published by The Information on Sunday, Meta Platforms has hired four additional researchers from OpenAI.

The researchers—Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren—are set to join Meta’s AI team as part of a broader recruitment drive. All four were previously involved in AI development at OpenAI, the Microsoft-backed company behind ChatGPT and other generative models.

Earlier in the week, The Wall Street Journal reported that Meta had hired three more OpenAI researchers—Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai—based in the firm’s Zurich office.

The hires reflect Meta’s increased investment in advanced AI research, particularly in ‘superintelligence’, a term CEO Mark Zuckerberg has used to describe future AI capabilities.

Meta and OpenAI have not yet responded to requests for comment. Reuters noted that it could not independently verify the hiring details at the time of reporting.

With growing competition among tech giants in AI innovation, Meta’s continued talent acquisition suggests a clear intention to strengthen its internal capabilities through strategic hiring.

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ChatGPT emerges as a search alternative, but Google holds ground

ChatGPT is now used by over 400 million people weekly and ranks the eighth most visited website globally. While many users rely on it for tasks like writing, productivity, and planning, a growing number are also turning to it for search — a space long dominated by Google.

Despite its popularity, experts say ChatGPT won’t fully replace Google. Rohan Sarin, a former product lead at Google and Microsoft, argues that the two serve different purposes. Google excels at direct, fact-based queries, while ChatGPT is better suited for exploration and synthesis.

‘Google connects users to the raw internet,’ Sarin notes, ‘whereas ChatGPT acts as an interpreter, helping users frame ideas and questions.’

The comparison also highlights user behaviour. While Google remains the tool of choice for verifying information, Sarin points out that many users want ‘something that works’, not necessarily precision — a strength of ChatGPT’s fast, ad-free responses.

However, industry experts don’t expect Google’s dominance to end soon. Eric M. Hoover, SEO director at Jellyfish, says Google’s integration of AI tools like Gemini and AI Overviews will help it stay competitive. ‘Search is still built into browsers, apps, and digital ecosystems,’ he adds.

Rather than one replacing the other, experts believe both platforms will coexist. ChatGPT is changing how we explore information, but Google’s role in search remains vital — especially for accuracy and source verification. For now, the best approach may not be choosing one tool over the other but knowing when to use each.

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AI training with pirated books triggers massive legal risk

A US court has ruled that AI company Anthropic engaged in copyright infringement by downloading millions of pirated books to train its language model, Claude.

Although the court found that using copyrighted material for AI training could qualify as ‘fair use’ under US law when the content is transformed, it also held that acquiring the content illegally instead of licensing it lawfully constituted theft.

Judge William Alsup described AI as one of the most transformative technologies of our time. Still, he stated that Anthropic obtained millions of digital books from pirate sites such as LibGen and Pirate Library Mirror.

He noted that buying the same books later in print form does not erase the initial violation, though it may reduce potential damages.

The penalties for wilful copyright infringement in the US could reach up to $150,000 per work, meaning total compensation might run into the billions.

The case highlights the fine line between transformation and theft and signals growing legal pressure on AI firms to respect intellectual property instead of bypassing established licensing frameworks.

Australia, which uses a ‘fair dealing’ system rather than ‘fair use’, already offers flexible licensing schemes through organisations like the Copyright Agency.

CEO Josephine Johnston urged policymakers not to weaken Australia’s legal framework in favour of global tech companies, arguing that licensing provides certainty for developers and fair payment to content creators.

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Nvidia insiders sell over $1bn in shares amid AI market boom

Senior Nvidia executives have sold more than $1bn worth of shares over the past year, with over half of those sales taking place in June.

The move comes as Nvidia’s stock soared to record highs, driven by renewed investor enthusiasm for AI. According to the Financial Times, insiders took advantage of the AI-driven rally instead of waiting for further market shifts.

Among those selling shares was Nvidia CEO Jensen Huang, who offloaded stock for the first time since September, as revealed in recent regulatory filings.

The surge in share price helped the company briefly reclaim its title as the world’s most valuable firm, following upbeat forecasts from analysts predicting Nvidia will ride a ‘Golden Wave’ of AI growth.

Nvidia’s stock has recovered more than 60% since early April, when markets were rattled by President Donald Trump’s global tariff plans.

The rebound reflects optimism that upcoming trade negotiations may soften the economic blow and keep momentum behind tech and AI-focused firms.

Nvidia declined to comment on the report.

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Sam Altman reverses his stance on AI hardware as current computers can’t meet the demands

Sam Altman, CEO of OpenAI, has returned from his earlier position, saying that AGI would not need new hardware.

Speaking on a podcast with his brother, Altman said current computers are no longer suited for the fast-evolving demands of AI. Instead of relying on standard hardware, he now believes new solutions are necessary.

OpenAI has already started developing dedicated AI hardware, including potential custom chips, marking a shift from using general-purpose GPUs and servers.

Altman also hinted at a new device — not a wearable, nor a phone — that could serve as an AI companion. Designed to be screen-free and aware of its surroundings, the product is being co-developed with former Apple design chief Jony Ive.

The collaboration, however, has run into legal trouble. A federal judge recently ordered OpenAI and Ive to pause the promotion of the new venture after a trademark dispute with a startup named IYO, which had previously pitched similar ideas to Altman’s investment firm.

OpenAI’s recent $6.5 billion acquisition of io Products, co-founded by Ive, reflects the company’s more profound commitment to reshaping how people interact with AI.

Altman’s revised stance on hardware suggests the era of purpose-built AI devices is no longer a vision but a necessary reality.

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EU investors can now buy tokenised MSTR stock on Gemini

Crypto exchange Gemini has introduced a tokenised version of Michael Saylor’s Strategy (MSTR) stock for investors in the European Union. The launch allows EU users to invest in the Bitcoin-focused firm on-chain, bypassing many traditional market restrictions.

Gemini described tokenised stocks as a way to modernise financial rails and offer greater access with fewer limitations.

The platform partnered with US provider Dinari to offer tokenised stocks with greater liquidity, transparency, and full economic rights. Gemini offers only MSTR but announced plans to roll out additional tokenised stocks and exchange-traded funds (ETFs) shortly.

Unlike traditional markets, on-chain stock trading offers frictionless, 24/7 access without moving assets between platforms.

Interest in tokenised US equities is rising across Europe, with other crypto platforms such as Robinhood, Kraken, and Coinbase also aiming to enter this market. Industry experts suggest the tokenised equities market could become a significant trillion-dollar sector in the coming years.

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Bitcoin takes centre stage as America’s new dream

Changpeng Zhao, former CEO of Binance, has declared that owning Bitcoin could soon replace home ownership as the American dream. Zhao praised the FHFA’s directive for Fannie Mae and Freddie Mac to consider cryptocurrencies in mortgage risk assessments.

The FHFA’s order asks these agencies first to explore using cryptocurrencies as mortgage reserve assets without converting them to US dollars. Prospective homeowners could use crypto holdings on regulated US exchanges as part of their mortgage applications if adopted.

FHFA Director Bill Pulte described the move as historic for cryptocurrency and mortgage industries. He credited President Donald Trump for helping position the US as a global crypto hub.

Meanwhile, during a recent White House press briefing, Trump praised Bitcoin, highlighting its benefits for the US dollar.

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Crypto adoption grows among Koreans aged 20 to 50 with Bitcoin leading the way

Crypto ownership in South Korea is rising rapidly, with 27% of people aged 20 to 50 now holding digital assets, according to new research by the Hana Institute of Finance. Among investors, 70% plan to grow their crypto holdings, with Bitcoin remaining the top choice.

Many now view digital assets as a serious tool for building wealth and planning for retirement. The report revealed that investment behaviour is becoming more structured.

Regular purchases jumped from 10% to 34%, while mid-term trading saw a similar rise. In contrast, short-term trading declined slightly. More investors also turn to official exchanges and data platforms, moving away from informal advice and word-of-mouth.

Economic hardship is driving the trend, particularly among younger Koreans. Youth unemployment remains high, and traditional investment options offer limited returns. Crypto has emerged as a perceived lifeline, with many viewing it as their best chance to gain financial stability or afford property.

While optimism about crypto’s growth remains strong, concerns persist. Market volatility still worries 56% of investors, and many say they would feel more confident if traditional banks were more involved.

Restrictions on linking multiple bank accounts with exchanges are also viewed as a barrier to greater adoption.

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Stablecoins surpass Visa and Mastercard in online transaction volume

According to Noam Hurwitz from Alchemy, stablecoins are now the leading medium for internet transactions, having overtaken Visa and Mastercard in on-chain volume. He described their adoption as ‘explosive’, highlighting their growing role as the ‘default settlement layer’ for digital payments.

Major fintech companies like PayPal, Stripe, and Robinhood are now integrating stablecoins to facilitate quicker, cheaper transactions using blockchain rails. Alchemy powers these operations, enabling stablecoin flows for prominent platforms.

Stablecoins are now widely used in global payments and decentralised prediction markets. They have also become significant holders of US Treasury debt, with Tether reportedly earning $13 billion in profits last year.

However, not everyone is convinced. The Bank for International Settlements has raised doubts about stablecoins serving as real money, arguing that they fail key economic tests and behave more like financial assets than currency.

Even so, the broader trend suggests stablecoins reshape how money moves online.

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