Plus: Companies warned to prepare for Mythos Image: AI needs to augment, not replace Welcome to Computing’s weekly roundup of tech news in Asia. This week we look at China’s new ruling on AI, how countries are preparing for Anthropic’s Mythos, and the ongoing dispute between Samsung workers and management in South Korea. At a…
The White House said China had targeted US artificial intelligence (AI) technology for theft. It said advanced US AI systems faced the risk of proprietary information being extracted through proxy accounts and jailbreaking techniques. The US administration said it was reviewing information-sharing with US AI companies and accountability measures to respond to industrial-scale technology theft…
The US raised allegations of technology theft, taking issue with China’s attempt to improperly secure core AI-related technologies. The allegations came as US-China competition over advanced semiconductors and AI intensifies. Market participants are watching the impact of the US-China technology rivalry on the broader semiconductor and AI industries and the possibility of additional sanctions. Forecast…
HSBC, the largest lender in Europe and Hong Kong by assets, has signalled for the first time its intent to engage with the city’s forthcoming stablecoin regime, citing Hong Kong’s sound regulatory environment and its potential to drive innovation in the digital asset space. “We are interested in every part of Hong Kong’s innovation landscape,…
Hong Kong has finalized its Basel crypto rules for banks, codifying standards in legislation while issuing non-statutory guidance that takes a more favorable approach to certain stablecoins and permissionless blockchains than the Basel Committee’s position. The territory is one of the few major jurisdictions implementing the Basel Committee for Banking Supervision (BCBS) crypto rules in…
As we dive into the global week ahead, a compelling question arises from recent market insights: which tail is wagging the market dog? According to CNBC, this metaphor captures the essence of current financial dynamics, where various economic indicators, geopolitical events, and corporate developments vie for influence over stock and cryptocurrency markets. In this analysis,…
China’s strategic approach to its long-term rivalry with the United States is reshaping investor sentiment toward Chinese stocks, potentially creating unique trading opportunities in both traditional and cryptocurrency markets. According to financial reports, Beijing is focusing on a patient, enduring strategy amid escalating tensions, which could stabilize Chinese equities over time while influencing global crypto…
Hong Kong is accelerating reforms of its financial market by making the sector’s ecosystem more resilient and comprehensive, a minister has said, as the city grapples with geopolitics and a rapidly changing technology-led global landscape. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong would take a two-pronged approach by strengthening its…
Caliber (NASDAQ: CWD), a real estate and digital asset management platform, has completed its first purchase of Chainlink (LINK) tokens as part of its Digital Asset Treasury (DAT) Strategy. The company plans to fund LINK acquisitions through its ELOC, cash reserves, and equity-based securities. As the first…
A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…