Renewable energy investment continues under Trump, MUFG Americas says

Despite the incoming administration of Donald Trump, the US shift towards renewable energy is expected to continue, according to Mitsubishi UFJ Financial Group’s (MUFG) Americas CEO, Kevin Cronin. While Trump’s policies may favour fossil fuels, Cronin emphasised that renewable energy projects, which take years to plan and build, remain integral to the bank’s strategy regardless of political changes. MUFG, Japan’s largest banking group, remains committed to financing these long-term projects.

The bank’s position has been bolstered by President Joe Biden’s Inflation Reduction Act, which supports infrastructure and renewable investments. However, the real growth opportunity now lies in the booming demand for energy from data centres, driven by AI. Data centre capacity is expected to double by 2030, making reliable energy — both renewable and fossil-based — critical for future expansion.

MUFG has maintained its lead in project finance for 14 consecutive years and is adapting to state-level variations in energy policy. Since selling its retail banking arm in 2022, MUFG has focused on wholesale banking and technology-related sectors, even hiring talent from the collapsed Silicon Valley Bank to strengthen its position. The US market remains a cornerstone of MUFG’s global profits, contributing nearly 30% of its earnings in the last fiscal year.

Netherlands expands investment law to include AI and biotech

The Dutch government announced plans to expand its investment screening law to include emerging technologies like biotech, AI, and nanotechnology. The move aims to protect national security amid growing global tensions, with threats such as cyberattacks and espionage becoming more prevalent. Economy Minister Dirk Beljaarts emphasised the importance of safeguarding Dutch businesses, innovations, and the economy.

In addition to biotech and AI, the updated law will cover sensor and navigation technology, advanced materials, and nuclear technologies used in medicine. The government expects these changes to take effect by the second half of 2025.

Introduced in 2023, the investment screening law allows the Dutch government to block foreign takeovers of critical infrastructure or technology that could threaten national security. This comes after the Netherlands imposed restrictions on semiconductor exports to China under US pressure.

African parliamentarians discuss digital transformation at IGF 2024

A networking session at IGF 2024 in Riyadh examined the vital role of African parliamentarians in shaping inclusive digital policies. Discussions revolved around creating legislation that keeps pace with technological evolution, fostering multi-stakeholder collaboration, and addressing Africa’s unique challenges in the digital age.

Participants called for stronger engagement between parliamentarians, technologists, and scientists to craft practical and forward-looking digital frameworks.

Speakers, including Catherine Mumma from Kenya and Millennium Anthony from Tanzania, underscored the need to improve digital infrastructure and internet access, particularly in rural regions. Challenges such as expensive data costs, insufficient digital skills, and a lack of dedicated parliamentary committees for science and technology were highlighted. Susan Dossi from Malawi and Daniel Molokele from Zimbabwe stressed the importance of public participation in the legislative process to ensure policies reflect citizens’ needs.

The session addressed the borderless nature of the internet and the importance of regional and global collaboration to tackle cybercrime and cross-border governance issues. Ayoban Ngao from the Democratic Republic of Congo and Lekhotsa Mafatle from Lesotho emphasised the need to update educational curricula to align with digital needs while investing in digital skills and infrastructure. Ke Gong from China contributed insights on leveraging international best practices to guide Africa’s digital transformation.

Concluding discussions focused on the critical role of parliamentarians in driving digital growth through informed policymaking. Participants advocated for greater cooperation across sectors to ensure Africa capitalises on digital opportunities while addressing its unique challenges. The session underscored a collaborative approach as key to fostering inclusive digital development across the continent.

All transcripts from the Internet Governance Forum sessions can be found on dig.watch.

Starlink inactive in India, Musk confirms

Elon Musk confirmed that Starlink satellite internet is inactive in India, following recent seizures of Starlink devices by Indian authorities. Musk stated on X that Starlink beams were “never on” in the country, addressing concerns raised after a device was confiscated during an armed conflict operation in Manipur and another during a major drug bust at sea.

In Manipur, where ethnic conflict has continued since last year, the Indian Army seized a Starlink dish believed to be used by militants. Officials suspect it was smuggled from Myanmar, where rebel groups reportedly use Starlink despite the company’s lack of operations there.

Earlier this month, Indian police intercepted a Starlink device linked to smugglers transporting $4.2 billion worth of methamphetamine. Authorities believe the internet device was used for navigation, prompting a legal request to Starlink for purchase details.

Starlink is currently seeking approval to operate in India and is working to resolve security concerns as part of the licensing process.

TP-Link faces US ban amid cybersecurity concerns, WSJ reports

US authorities are weighing a potential ban on TP-Link Technology Co., a Chinese router manufacturer, over national security concerns, following reports linking its home internet routers to cyberattacks. According to the Wall Street Journal, the US government is investigating whether TP-Link routers could be used in cyber operations targeting the US, citing concerns raised by lawmakers and intelligence agencies.

In August, two US lawmakers urged the Biden administration to examine TP-Link and its affiliates for possible links to cyberattacks, highlighting fears that the company’s routers could be exploited in future cyber operations. The Commerce, Defence, and Justice departments have launched separate investigations into the company, with reports indicating that a ban on the sale of TP-Link routers in the US could come as early as next year. As part of the investigations, the Commerce Department has reportedly subpoenaed the company.

TP-Link has been under scrutiny since the US Cybersecurity and Infrastructure Agency (CISA) flagged vulnerabilities in the company’s routers, that could potentially allow remote code execution. This comes amid heightened concerns that Chinese-made routers could be used by Beijing to infiltrate and spy on American networks. The US government, along with its allies and Microsoft, has also uncovered a Chinese government-linked hacking campaign, Volt Typhoon, which targeted critical US infrastructure by taking control of private routers.

The Commerce, Defence, and Justice departments, as well as TP-Link, did not immediately respond to requests for comment.

Basis lands $34 million to revolutionise accounting

Basis, an AI startup, has secured $34 million in a Series A funding round to develop its AI-powered accounting automation product. The round, led by Khosla Ventures, attracted a diverse group of investors, including NFDG (the AI-focused fund managed by former GitHub CEO Nat Friedman and ex-Apple executive Daniel Gross), OpenAI board members Larry Summers and Adam D’Angelo, and Google’s chief scientist Jeff Dean.

The New York-based company is part of a growing group of AI startups creating autonomous agents—systems capable of performing tasks independently. Basis’ product, designed specifically for accounting firms, can handle various workflows such as entering transactions, verifying data accuracy, and integrating with popular ledger systems like QuickBooks and Xero. The product has already shown promising results, with large firms like Wiss reporting a 30% reduction in time spent on manual accounting tasks. Basis functions similarly to a junior accountant, allowing staff to focus on reviewing the AI’s work rather than completing tasks themselves.

Basis also aims to address the critical shortage of accountants in the US, exacerbated by retiring baby boomers and a decline in younger generations entering the profession. According to the Bureau of Labor Statistics, the accounting sector employs over 3 million people, but the number of candidates sitting for the CPA exam has fallen by 33% between 2016 and 2021. The shortage has led many firms to outsource work to countries like India. Moreover, with AI’s potential to automate tasks traditionally performed by accountants, the sector is expected to experience significant disruption. A 2023 OpenAI paper suggested that automation powered by large language models could eventually impact all accountant and auditor roles.

Ericsson wins patent victory against Lenovo in US

A preliminary ruling by the US International Trade Commission (ITC) has found Lenovo smartphones, including models from its Motorola Mobility division, infringe patents held by Ericsson. The decision, announced on Tuesday, centres on technology related to 5G wireless communications. If upheld, the ruling could lead to a ban on the import of affected Lenovo smartphones into the United States.

The dispute began last year when Ericsson filed a complaint accusing Motorola’s Moto G, Edge, and Razr phones of patent violations. Lenovo has denied these allegations. The ITC is expected to deliver its final verdict in April, leaving the potential ban looming over Lenovo’s operations in a major market.

This is not the only legal battle between the two tech giants. They are currently engaged in related lawsuits across South America, the United Kingdom, and North Carolina. Courts in Brazil and Colombia have already granted preliminary bans on Lenovo smartphone sales, though Lenovo has been pushing back, including a successful appeal in the US to revisit these enforcement measures.

With 5G technology at the heart of the dispute, the case underscores the high stakes involved in global telecommunications innovation and intellectual property rights. Both companies have so far declined to comment on the latest ruling.

TikTok appeals to Supreme Court to block looming US ban

TikTok and its parent company, ByteDance, have asked the Supreme Court to halt a US law that would force ByteDance to sell TikTok by 19 January or face a nationwide ban. The companies argue that the law violates the First Amendment, as it targets one of the most widely used social media platforms in the United States, which currently has 170 million American users. A group of TikTok users also submitted a similar request to prevent the shutdown.

The law, passed by Congress in April, reflects concerns over national security. The Justice Department claims TikTok poses a threat due to its access to vast user data and potential for content manipulation by a Chinese-owned company. A lower court in December upheld the law, rejecting TikTok’s argument that it infringes on free speech rights. TikTok maintains that users should be free to decide for themselves whether to use the app and that shutting it down for even a month could cause massive losses in users and advertisers.

With the ban set to take effect the day before President-elect Donald Trump’s inauguration, TikTok has urged the Supreme Court to decide by 6 January. Trump, who once supported banning TikTok, has since reversed his position and expressed willingness to reconsider. The case highlights rising trade tensions between the US and China and could set a precedent for other foreign-owned apps operating in America.

Experts discuss internet growth and the multistakeholder model at the IGF in Riyadh

At the 2024 Internet Governance Forum in Riyadh, experts convened to assess two decades of internet governance since the World Summit on the Information Society (WSIS). Discussions focused on key achievements, persistent challenges, and principles shaping the future digital landscape. The success of the multistakeholder model, credited with increasing global internet usage from 16% to 67% since WSIS, was a central theme.

Milestones such as the introduction of internationalised domain names, the expansion of internet exchange points, and the IANA stewardship transition were highlighted. Challenges including cybersecurity threats, misinformation, internet fragmentation, and the digital divide were also discussed. Experts agreed on the need for collaborative approaches to maintain a unified, resilient internet.

Speakers included Brendan Dowling, Australia’s ambassador, Kurtis Lindqvist, ICANN President and CEO, and Raquel Gatto, VP of ISOC Brazil and Head of Legal at NIC.br. Tripti Sinha, Chair of the ICANN Board, called for strengthened collaboration among governments, civil society, and the private sector. Ian Sheldon, Vice Chair of ICANN’s Governmental Advisory Committee, also shared insights, emphasising the importance of engaging smaller countries in governance discussions.

The technical community’s contributions were recognised as vital to mitigating risks and building trust. Innovations like DNSSEC and RPKI were highlighted as frameworks for enhancing security and ensuring stability. Discussions explored the potential of technical solutions to address future challenges, such as artificial intelligence governance.

Riyadh’s role as host of IGF 2024 provided an opportunity to reflect on the past and prepare for WSIS+20. Experts stressed that preserving the multi-stakeholder model is crucial for maintaining trust and fostering innovation in the digital age. Continued collaboration among all stakeholders will be essential to creating a secure, inclusive, and open internet for future generations.

All transcripts from the Internet Governance Forum sessions can be found on dig.watch.

Experts at the IGF explore strategies for closing digital divides and enhancing meaningful connectivity

Experts from various sectors gathered in Riyadh, Saudi Arabia, to discuss strategies for achieving meaningful connectivity worldwide, focusing on closing digital divides and ensuring internet access leads to tangible benefits. Vint Cerf, a member of the IGF Leadership Panel, emphasised the evolving definition of meaningful access, highlighting the need for safe, productive, and affordable online experiences.

Martin Schaaper from the International Telecommunication Union (ITU) shared data showing 67% global internet usage but noted that high broadband costs in some regions still exclude many, particularly underserved populations.

The digital divide remains a significant challenge, with gaps across gender, geography, and socioeconomic lines. Director of the Pakistan Telecom Authority, Syeda Shafaq Karim, highlighted Pakistan’s Digital Gender Inclusion Strategy, addressing the disparity in mobile broadband usage among women.

Meanwhile, Lina Viltrakiene, Ambassador-at-Large for Economic and Digital Diplomacy from Lithuania, showcased the ‘No One Left Behind’ initiative, providing free digital literacy courses to over 500,000 elderly citizens. These efforts illustrate the importance of targeted interventions alongside broader infrastructure development and skills training.

Panelists also explored innovative solutions to expand access. Mohamed Slim Alouini, professor of Electrical and Computer Engineering and chair of Education on Connected at King Abdullah University of Science and Technology, discussed using non-terrestrial networks to improve rural connectivity, while Talant Sultanov, Chair and Co-Founder of the Internet Society ISOC Assistance Chapter, shared how IoT technologies are advancing climate monitoring in Central Asia.

Public-private partnerships and government investments were repeatedly cited as essential, with Alhagie Mbow, co-moderator of the session and a member of the African Union Parliament, stressing their effectiveness in bridging gaps. At the same time, Bobby Bedi from Content Follow Studios, LLC argued that entertainment and cultural engagement play a crucial role in driving internet adoption, expanding the conversation beyond purely functional uses.

The session concluded with calls for continued collaboration, data collection, and policy development to ensure inclusive and adaptive connectivity efforts. Vint Cerf stressed the need for accessibility features and ongoing initiatives like the IGF, while online moderator Judith Hellerstein highlighted concerns about data protection for vulnerable groups. Achieving meaningful connectivity, the panel agreed, requires a multifaceted approach that balances technological innovation with social and cultural considerations.

All transcripts from the Internet Governance Forum sessions can be found on dig.watch.