Samsung R&D Institute, Noida (SRI-Noida), and the Indian Institute of Technology Bombay (IIT Bombay) have entered into a five-year Memorandum of Understanding (MoU) to drive innovation in critical areas such as AI, digital health, and other emerging technologies. That collaboration highlights Samsung’s commitment to strengthening industry-academia ties for technological advancements.
The MoU establishes a framework for joint research projects, where IIT Bombay students and faculty will collaborate with Samsung engineers. This initiative enhances students’ industry readiness and facilitates the publication of joint research papers, promoting knowledge sharing that will accelerate technological progress and industry-aligned innovation.
In addition to research collaboration, the partnership offers specialised training and certification programs for Samsung engineers in cutting-edge fields like AI and digital health. This expertise exchange ensures that academia and industry professionals benefit from the partnership.
Through this partnership, Samsung and IIT Bombay aim to foster innovation and push the boundaries of next-generation technologies. By combining industry expertise and academic knowledge, the collaboration seeks to inspire future breakthroughs and set the foundation for sustained technological progress.
The National Information Technology Development Agency (NITDA) has partnered with TikTok under the ‘Safer Together’ initiative to enhance digital safety and literacy in Nigeria. That collaboration, announced at the TikTok Online Safety and Digital Awareness Programme in Abuja, reflects Nigeria’s leadership in Africa’s digital transformation, supported by a growing tech ecosystem and increasing connectivity.
The partnership addresses key challenges such as misinformation, cyberbullying, and digital exploitation while aligning with NITDA’s regulatory framework, emphasising awareness, innovation, and inclusivity. NITDA aims to achieve 70% digital literacy by 2027, fostering digital inclusion and empowering youth to drive the country’s digital economy. TikTok’s safety features, including screen time management and anti-bullying tools, are integral to educating parents, teachers, and stakeholders on safe and responsible digital practices.
The programme highlights the importance of collective efforts in creating a secure digital environment, requiring collaboration between the government, private sector, and civil society. Through initiatives like this, the partnership aims to inspire creativity, build trust, and shape positive digital experiences for millions in Nigeria while addressing the risks associated with technological advancement.
Saab, Thales, and ST Engineering have formed a strategic partnership to advance Singapore’s Air Traffic Management (ATM) infrastructure. The Memorandum of Understanding (MoU), signed on 20 November during the Sweden–Singapore Royal Business Forum, focuses on modernising and innovating Singapore’s ATM system. The collaboration will integrate global technologies with local expertise to support ATM operations from en route services to gate management.
The partnership’s key contribution is Saab’s fully integrated Digital Tower Suite (i-DTS), which combines Advanced Surface Movement Guidance & Control Systems (ASMGCS) with Digital Tower functionality. That integration enhances situational awareness for airport controllers, allowing them to manage traffic effectively in all weather and visibility conditions, from any location. The collaboration aims to set a new global standard for ATM and may extend to other regions worldwide.
South Korea has become Taiwan’s largest source of trade deficit, surpassing Japan, with a record $18.1 billion deficit in the first 10 months of this year, according to Taiwan’s Ministry of Finance. Integrated circuits account for $12.9 billion, or 71.3%, of the total deficit, driven by South Korea’s dominance in memory chip production and its role in the AI supply chain.
South Korea’s SK hynix, the second-largest memory chip maker, has partnered with Taiwan’s TSMC to produce advanced HBM chips for AI leader NVIDIA, underscoring the countries’ intertwined roles in the tech industry. Taiwan relies on South Korea for DRAM, a key component in packaging and integrating AI technologies, further fueling the deficit.
Trade between the two nations remains robust, with South Korea ranking as Taiwan’s fifth-largest export market and fourth-largest import source. Both export-oriented economies share overlapping industrial structures, particularly in electronics, highlighting their competition and collaboration within global supply chains.
The US government is expected to reduce Intel Corp‘s preliminary $8.5 billion federal chips grant to less than $8 billion, according to a report by The New York Times. The decision reflects Intel’s recent $3 billion contract to produce chips for the Pentagon, unnamed sources said.
Earlier this year, the Biden administration announced nearly $20 billion in grants and loans for Intel to expand its semiconductor manufacturing capabilities. The funding, part of the 2022 CHIPS and Science Act, supports building two new factories in Arizona and modernising an existing one.
The CHIPS Act allocated $52.7 billion to bolster US semiconductor production, including $39 billion for subsidies and $11 billion for research and development, as part of a national push to strengthen domestic chip manufacturing and reduce reliance on foreign supply chains.
China‘s low Earth orbit satellite firm, SpaceSail, has signed an agreement with Brazilian state telecom Telebras to provide satellite broadband services. The deal was announced during President Xi Jinping’s state visit to Brazil, following the G20 summit in Rio de Janeiro.
SpaceSail’s entry into Brazil marks its first international venture, challenging Elon Musk’s Starlink, which has over 6,000 satellites globally and serves various sectors in Brazil. The Thousand Sails Constellation will power SpaceSail’s services, offering connectivity in remote areas.
Brazil’s government aims to diversify satellite service providers amid recent tensions involving Starlink and Musk’s social media platform X. China’s growing satellite presence includes 1,059 satellites, with plans for massive constellations to rival Starlink’s dominance.
The Japanese government has announced plans to invest an additional 200 billion yen ($1.3 billion) in Rapidus Corp. in fiscal 2025, aiming to enhance the domestic semiconductor industry. This follows a 920 billion yen package already allocated to support the chipmaker, with the added funding expected to attract private-sector investment to strengthen Japan‘s supply chain for next-generation chips.
Rapidus, a venture formed in 2022 by major Japanese companies like Toyota and Sony, estimates it will require around 5 trillion yen to complete a cutting-edge manufacturing plant in Hokkaido. The plant aims to begin mass production of advanced semiconductors by 2027. The project has also secured technical collaboration with United States tech giant IBM, ensuring access to key expertise in chip development.
The government is set to approve a comprehensive financial package that includes the new funding and potential loan guarantees, highlighting its focus on revitalising the once-dominant semiconductor industry. The move aligns with Japan’s strategy to mitigate geopolitical risks and compete in the global chip market, which remains critical for technologies from AI to electric vehicles.
The additional funding underscores Japan’s commitment to regaining a leading position in the semiconductor supply chain amid growing global competition. By fostering public-private partnerships and strengthening technological capabilities, Japan aims to reduce reliance on foreign suppliers and secure its stake in an increasingly vital industry.
The rapid expansion of AI and cloud computing is increasing global electricity demand, raising concerns over the environmental impact. Data centres, primarily in the US, Europe, and Asia, are driving a surge in fossil fuel usage as renewable energy deployment struggles to keep pace. Coal and natural gas are being used to bridge the gap, undermining global decarbonisation targets.
In the US, data centre hubs like Northern Virginia have prompted utilities to extend fossil-fuel plant lifespans and construct new gas facilities. This trend mirrors developments in Poland, Germany, and Malaysia, where coal remains a significant energy source due to insufficient renewable capacity. Critics argue that current measures to offset emissions, such as sourcing clean energy, are not sufficient to counter the overall carbon footprint of the industry.
Efforts to decarbonise the sector include investments in advanced nuclear reactors and renewables. However, such solutions face delays, leaving utilities reliant on natural gas, described by analysts as cost-effective but imperfect. Projections suggest US natural gas demand could rise significantly, exacerbating emissions and hindering the clean-energy transition.
International commitments, like Azerbaijan’s Digitalisation Day initiative at COP29, highlight the urgency of balancing digital growth with sustainability. While global data centres aim to adopt green practices, the slow pace of renewable energy integration risks prolonging reliance on fossil fuels and delaying climate progress.
Tuvalu, a Pacific Island nation, is facing existential threats from climate change, notably rising sea levels predicted to submerge much of its land and infrastructure by 2050. In response, the government is creating a digital ‘twin’ of the country, as part of the Future Now project introduced by Foreign Minister Simon Kofe at COP27. This initiative aims to digitally safeguard Tuvalu’s land, culture, and legal rights as the physical reality of the nation becomes increasingly threatened by frequent flooding and environmental changes.
The Digital Nation project addresses critical sovereignty issues by adapting international law standards, which currently require a defined territory and permanent population. As Tuvalu’s territory is at risk, the project includes innovative measures like digital passports on blockchain to maintain governmental operations. While the project has faced scepticism for its resource demands and perceived impracticality, it promises significant practical benefits, such as improving solar and water management capacities, by transforming cultural preservation into a tangible digital endeavour.
This digital approach has sparked debate among leaders and citizens, with former Prime Minister Enele Sopoaga and others urging physical resilience over digital displacement. However, the project continues to progress with advanced technologies like Lidar for mapping and enhanced telecommunications to support connectivity, showing significant international collaboration.
Tuvalu’s strategy may influence global trends, as other nations, notably in advanced economies, are also exploring digital spatial management for urban and resource planning. This bold initiative not only addresses immediate threats but also potentially redefines national sovereignty in the face of climate change, offering a model for similarly at-risk countries.
Source: BBC
Brazil’s banking sector saw significant profitability improvements in the first half of 2024, led by digital lenders. The central bank’s Financial Stability Report revealed a rise in return on equity (ROE) to 15.11% by June, up from 14.23% at the end of 2023. Digital banks outperformed, achieving a ROE of 19.1%, a sharp jump from 11.45% six months earlier. These gains reflect operational efficiency and reduced provisioning costs.
Institutions like Nubank, Banco Inter, and C6 Bank played a pivotal role in driving digital banking success. Improved credit models and monetisation strategies have helped digital banks outperform traditional lenders, according to the central bank. Years of fostering innovation and competition in the sector have paid off, ensuring digital players maintain robust operational frameworks.
Upcoming regulatory changes in January aim to align financial accounting standards with global norms. The central bank expects provisions to increase by approximately 38 billion reais, though this adjustment will not impact profits or credit issuance. Only a small number of banks have voiced concerns, with the central bank committing to case-by-case support during the transition.
Brazil’s central bank anticipates continued profitability growth across the sector. Aided by stable provisioning costs and effective expense controls, lenders are well-positioned to sustain revenue expansion. Discussions are also underway to explore fresh funding mechanisms for real estate and potential adjustments to reserve requirements.
