Updates
EU designates Shein as VLOP
Shein, a prominent fast-fashion company, faces stricter regulations after being designated as a very large online platform by the EU, signalling heightened scrutiny over its operations.
Elon Musk’s xAI aims to raise $6 billion in fundraising round
xAI aims to bridge the gap between the digital and physical worlds by utilising training data from Musk’s other companies.
FCC revives net neutrality rules, sparking legal challenges and political debate
The decision, supported by the Democratic-majority commission, has reignited a longstanding political and legal battle, with cable and telecom operators preparing to mount a legal challenge.
Japan tightens export rules for advanced tech to prevent military use
Advanced technologies will require prior approval even if the original transaction was for civilian use.
Google and Microsoft impress investors with AI growth
Investors were pleasantly surprised by Microsoft Corp. and Google owner Alphabet Inc.’s quarterly results, with both companies exceeding Wall Street expectations, driven by their AI and cloud computing endeavours.
Rubio urges Biden to halt Huawei sales amidst Intel Chip controversy
Senator Marco Rubio calls on Biden administration to halt all sales to Huawei after the Chinese tech giant releases an AI-powered laptop with an Intel chip. Rubio criticizes Commerce Department for potential oversight, amplifying pressure to curb Huawei’s influence amidst espionage concerns.
ByteDance weighs options as TikTok faces US ban threat
The Big Tech remains tight-lipped about its plans, merely reiterating its lack of intention to sell TikTok.
A final version of stablecoin bill in the US could be ready soon
US House Representative Maxine Waters has indicated that the final version of the stablecoin bill could be ready soon. Waters, the top Democrat on the House Financial Services Committee, expressed optimism about getting the bill in the short run
Taiwan now houses Google’s largest hardware R&D center outside the US
Google opens its second research and development office in Taiwan
The Alan Turing Institute stresses AI’s vital role in UK national security
The Turing’s Centre for Emerging Technology and Security (CETaS) emphasizes AI’s pivotal role in national security. It highlights the technology’s rapid data processing and threat detection capabilities, underscoring its potential to reshape security strategies.
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