AI interviews leave job candidates in the dark

An increasing number of startups are now using AI to conduct video job interviews, often without making this clear to applicants. Senior software developers are finding themselves unknowingly engaging with automated systems instead of human recruiters.

Applicants are typically asked to submit videos responding to broad interview prompts, including examples and case studies, often without time constraints or human engagement.

AI processes these asynchronous interviews, which evaluate responses using natural language processing, facial cues and tone to assign scores.

Critics argue that this approach shifts the burden of labour onto job seekers, while employers remain unaware of the hidden costs and flawed metrics. There is also concern about the erosion of dignity in hiring, with candidates treated as data points rather than individuals.

Although AI offers potential efficiencies, the current implementation risks deepening dysfunctions in recruitment by prioritising speed over fairness, transparency and candidate experience. Until the technology is used more thoughtfully, experts advise job seekers to avoid such processes altogether.

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AI fluency is the new office software skill

As tools like ChatGPT, Copilot, and other generative AI systems become embedded in daily workflows, employers increasingly prioritise a new skill: AI fluency.

Much like proficiency in office software became essential in the past, knowing how to collaborate effectively with AI is now a growing requirement across industries.

But interacting with AI isn’t always intuitive. Many users encounter generic or unhelpful responses from chatbots and assume the technology is limited. In reality, AI systems rely heavily on the context they are given, and that’s where users come in.

Rather than considering AI as a search engine, it helps to see it as a partner needing guidance. A vague prompt like ‘write a proposal’ is unlikely to produce meaningful results. A better approach provides background, direction, and clear expectations.

One practical framework is CATS: context, angle, task, and style.

Context sets the stage. It includes your role, the situation, the audience, and constraints. For example, ‘I’m a nonprofit director writing a grant proposal for an environmental education program in urban schools’ offers much more to work with than a general request.

Angle defines the perspective. You can ask the AI to act as a peer reviewer, a mentor, or even a sceptical audience member. The roles help shape the tone and focus of the response.

Task clarifies the action you want. Instead of asking for help with a presentation, try ‘Suggest three ways to improve my opening slide for an audience of small business owners.’

Style determines the format and tone. Whether you need a formal report, a friendly email, or an outline in bullet points, specifying the style helps the AI deliver a more relevant output.

Beyond prompts, users can also practice context engineering—managing the environment around the prompt. The method includes uploading relevant documents, building on previous chats, or setting parameters through instructions. The steps help tailor responses more closely to your needs.

Think of prompting as a conversation, not a one-shot command. If the initial response isn’t ideal, clarify, refine, or build on it. Ask follow-up questions, adjust your instructions, or extract functional elements to develop further in a new thread.

That said, it’s essential to stay critical. AI systems can mimic natural conversation, but don’t truly understand the information they provide. Human oversight remains crucial. Always verify outputs, especially in professional or high-stakes contexts.

Ultimately, AI tools are powerful collaborators—but only when paired with clear guidance and human judgment. Provide the correct input, and you’ll often find the output exceeds expectations.

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UN reports surge in intangible investment driven by AI and data

Global investment is increasingly flowing into intangible assets such as software, data, and AI, marking what the UN has described as a ‘fundamental shift’ in how economies develop and compete.

According to a new report from the World Intellectual Property Organisation (WIPO), co-authored with the Luiss Business School based in Italy, investment in intellectual property-related assets grew three times faster in 2024 than spending on physical assets like buildings and machinery.

WIPO reported that total intangible investment reached $7.6 trillion across 27 high- and middle-income economies last year, up from $7.4 trillion in 2023—a real-term growth rate of 3 percent. In contrast, growth in physical asset investment has been more sluggish, hindered by high interest rates and a slow economic recovery.

‘We’re witnessing a fundamental shift in how economies grow and compete,’ said WIPO Director General Daren Tang. ‘While businesses have slowed down investing in factories and equipment during uncertain times, they’re doubling on intangible assets.’

The report highlights software and databases as the fastest-growing categories, expanding by more than 7 percent annually between 2013 and 2022. It attributes much of this trend to the accelerating adoption of AI, which requires significant investment in data infrastructure and training datasets.

WIPO also noted that the United States remains the global leader in absolute intangible investment, spending nearly twice as much as France, Germany, Japan, and the United Kingdom. However, Sweden topped the list regarding investment intensity, with intangible assets representing 16 per cent of its GDP.

The US, France, and Finland followed at 15 percent each, while India ranked ahead of several EU countries and Japan at an intensity of nearly 10 percent.

Despite economic disruptions over the past decade and a half, intangible investments have remained resilient, growing at a compound annual rate of 4 percent since 2008. By contrast, investment in tangible assets rose just 1 percent over the same period.

‘We are only at the beginning of the AI boom,’ said Sacha Wunsch-Vincent, head of WIPO’s economics and data analytics department.

He noted that in addition to driving demand for physical infrastructure like chips and servers, AI is now contributing to sustained investment growth in data and software, cornerstones of the intangible economy.

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Countries build state-level Bitcoin reserves worldwide

Bitcoin is no longer the preserve of tech-savvy investors and crypto enthusiasts. As of mid-2025, more than 460,000 BTC — around 2.3% of the total supply — is held by governments worldwide, according to blockchain data and legal disclosures.

The shift has elevated Bitcoin’s role in global finance, making it a strategic asset for nation-states.

The United States leads the pack with nearly 200,000 BTC, acquired mainly through criminal seizures. Unlike previous administrations, President Trump’s government has moved to consolidate these funds under a federal Strategic Bitcoin Reserve.

China follows closely behind, having confiscated 190,000 BTC from the PlusToken scam, though the fate of much of that stash remains unclear.

Beyond the prominent players, countries like Bhutan have quietly amassed impressive reserves. Using hydropower for mining, Bhutan has reportedly gathered up to 13,000 BTC — worth over $1 billion — equating to more than a third of its GDP.

Meanwhile, the UK holds 61,000 BTC from a money-laundering case, Ukraine used Bitcoin donations during wartime, and Iran requires licensed miners to send their BTC directly to the central bank.

While some nations broadcast their Bitcoin strategy, others operate in silence. From El Salvador’s legal tender experiment to rumours of holdings in the UAE and Bulgaria, the landscape is varied and opaque. Still, one trend is clear: state-level Bitcoin adoption is no longer theoretical.

Governments are actively shaping the future of decentralised money — sometimes loudly, often quietly, but always strategically.

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Turkey sets sights on DeFi platforms after PancakeSwap ban

Turkey’s recent decision to block PancakeSwap has raised concerns that more decentralised finance (DeFi) services could soon face similar enforcement. The move came after the Istanbul Blockchain Week, where regulators outlined a stricter framework for overseeing crypto platforms.

Updated guidelines require DEXs and non-custodial wallets to follow the same rules as centralised platforms if they promote services to Turkish citizens. According to Ali İhsan Güngör of the Capital Markets Board, institutions promoting to users in Turkey fall within the country’s regulatory scope.

Although capital movement remains unrestricted, regulators have begun blocking access to DeFi platforms that directly advertise or promote within the country.

Turkish authorities ordered internet service providers to block access to PancakeSwap and 46 other websites. Mobile apps and social media accounts tied to those platforms were also affected.

PancakeSwap, a decentralised protocol with no registered presence in Turkey, cannot apply for a crypto service provider licence, making it vulnerable under the new enforcement rules.

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Over 2.3 million users hit by Chrome and Edge extension malware

A stealthy browser hijacking campaign has infected over 2.3 million users through Chrome and Edge extensions that appeared safe and even displayed Google’s verified badge.

According to cybersecurity researchers at Koi Security, the campaign, dubbed RedDirection, involves 18 malicious extensions offering legitimate features like emoji keyboards and VPN tools, while secretly tracking users and backdooring their browsers.

One of the most popular extensions — a colour picker developed by ‘Geco’ — continues to be available on the Chrome and Edge stores with thousands of positive reviews.

While it works as intended, the extension also hijacks sessions, records browsing activity, and sends data to a remote server controlled by attackers.

What makes the campaign more insidious is how the malware was delivered. The extensions began as clean, valuable tools, but malicious code was quietly added during later updates.

Due to how Google and Microsoft handle automatic updates, most users receive spyware without taking action or clicking anything.

Koi Security’s Idan Dardikman describes the campaign as one of the largest documented. Users are advised to uninstall any affected extensions, clear browser data, and monitor accounts for unusual activity.

Despite the serious breach, Google and Microsoft have not responded publicly.

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Tether defends gold reserves as markets and scrutiny rise

Tether has revealed it holds around $8 billion worth of gold in a Swiss vault, placing it among the largest private holders of the precious metal globally.

According to CEO Paolo Ardoino, the El Salvador-based firm owns almost an 80-tonne stockpile outright, describing the site as ‘the most secure vault in the world’.

Gold accounts for nearly 5% of Tether’s $112 billion reserve portfolio, matching UBS Group’s reported gold exposure. While self-custody helps reduce operational fees, regulatory frameworks in the US and EU may soon force stablecoin issuers to exclude commodities from their reserves.

If enforced, Tether could be required to liquidate its bullion unless the gold backs its separate token, XAUT.

XAUT currently circulates against 7.7 tonnes of gold worth approximately $819 million. Although far below significant exchange-traded funds, its physical redemption model adds a layer of investor confidence.

Ardoino suggested demand for bullion-linked crypto could rise if investors grow wary of US fiscal health or seek to avoid deposit risk.

Gold prices have surged 25% in 2025 amid trade frictions and geopolitical concerns. As BRICS banks buy more gold, Tether blends bullion with blockchain but must show regulators it won’t harm USDT’s liquidity in times of stress.

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Fraudsters exploit dormant Bitcoin addresses to steal data

Analysts at BitMEX Research have revealed a new scam aimed at early Bitcoin holders, particularly those with dormant wallets dating back to 2011. Attackers use Bitcoin’s OP_Return field to send false transactions and messages to deceive owners into sharing sensitive data.

One high-profile victim is the ‘1Feex’ wallet, known for holding around 80,000 BTC stolen from the Mt. Gox hack.

Scammers made a fake Salomon Brothers site claiming that wallets are abandoned unless owners prove ownership with signed messages or personal documents. The site bears no genuine link to the original financial firm or its former executives.

Crypto community members recommend a safer approach: moving a small amount of Bitcoin to demonstrate wallet activity instead of risking the full balance. BitMEX urges users to avoid interacting with fake sites or sharing personal data.

The scam exemplifies growing sophistication in crypto fraud, with losses exceeding $2.1 billion in just the first half of 2025.

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New Zealand bans crypto ATMs and limits cash transfers

New Zealand is introducing sweeping reforms to tackle money laundering and criminal finance by banning crypto ATMs and capping international cash transfers at $5,000. The new bill expands enforcement powers and lets the Financial Intelligence Unit gather more data on persons of interest.

The $5,000 transfer limit aims to block criminals from moving funds offshore via cash while permitting legitimate transfers through electronic banking channels. A recent report found that criminals use crypto ATMs to purchase cryptocurrency and quickly transfer it overseas to finance drugs and scams.

Industry figures broadly welcome the crackdown, viewing it as necessary to mature the sector and protect consumers. Experts note that everyday users favour reputable exchanges over crypto ATMs, which often carry high fees and attract illicit use.

Internationally, New Zealand’s actions reflect a broader trend. Australia’s AUSTRAC and US cities like Spokane have also tightened crypto ATM regulations following alarming fraud and money laundering reports.

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Italy’s Piracy Shield sparks EU scrutiny over digital rights

Italy’s new anti-piracy system, Piracy Shield, has come under scrutiny from the European Commission over potential breaches of the Digital Services Act.

The tool, launched by the Italian communications regulator AGCOM, allows authorities to block suspicious websites within 30 minutes — a feature praised by sports rights holders for minimising illegal streaming losses.

However, its speed and lack of judicial oversight have raised legal concerns. Critics argue that individuals are denied the right to defend themselves before action.

A recent glitch linked to Google’s CDN disrupted access to platforms like YouTube and Google Drive, deepening public unease.

Another point of contention is Piracy Shield’s governance. SP Tech, a company owned by Lega Serie A, manages the system, which directly benefits from anti-piracy enforcement.

The Computer & Communications Industry Association was prompted to file a complaint, citing a conflict of interest and calling for greater transparency.

While AGCOM Commissioner Massimiliano Capitanio insists the tool places Italy at the forefront of the fight against illegal streaming, growing pressure from digital rights groups and EU regulators suggests a clash between national enforcement and European law.

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