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AI-driven cyber risk is top concern for global financial stability, watchdog says <br> Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying ​the technology could change the speed, scale and economics of an attack. The ​FSB is a global watchdog that seeks to identify and manage ⁠risks in financial systems. In a letter to G20 finance ministers and central ​bank governors ahead of meetings this week, Bailey, who also serves as the Bank ​of England governor, said many countries do not have systems in place to manage the deployment of advanced artificial intelligence models. The financial sector&#39;s dependence on a handful of powerful tech providers could undermine ​system-wide market confidence, he added. Read More: EU subjects ChatGPT, Reddit, Roblox to stricter oversight under Digital Services Act The comments highlighted concerns among regulators that ...

EU subjects ChatGPT, Reddit, Roblox to stricter oversight under Digital Services Act <br> The European Commission on Monday designated ChatGPT, Reddit and Roblox as very large digital services under the EU&rsquo;s Digital Services Act (DSA), subjecting them to additional obligations and oversight. ChatGPT was designated as a Very Large Online Search Engine (VLOSE), while Reddit and Roblox were designated as Very Large Online Platforms (VLOPs), the Commission said. The three services reported at least 45 million average monthly users each in the EU, meeting the threshold for the designations. The services will have four months, until the end of December 2026, to comply with the additional DSA obligations. These include assessing and mitigating systemic risks linked to the dissemination of illegal content, effects on minors, users&rsquo; physical and mental well-being, fundamental rights, electoral processes and public security. The Commission said the designation...

Chinese researchers complete Earth-Moon two-way laser link test <br> Researchers have completed a laser communications test between Earth and the Moon, successfully verifying two-way high-speed laser link capabilities in orbit, the Technology and Engineering Center for Space Utilization (CSU) of the Chinese Academy of Sciences said on Friday. After more than a year of in-orbit testing, the team established a two-way laser communication link across a distance of over 400,000 km, marking the expansion of China&#39;s space laser communications from near-Earth orbit to deep space. Compared with traditional microwave communications, laser communications offer faster speeds, greater bandwidth, stronger security and more compact hardware. However, enabling laser communications across the Earth-Moon distance required overcoming three major challenges: beam alignment, signal weakness and transmission speed. &quot;Earth-Moon communication is like threading a needle from a t...

Data centre backlash scrambles US midterm politics <br> The data centres powering America&#39;s artificial intelligence boom have become an unlikely target in November&#39;s midterm elections, as anger over rising electricity bills and noise turns Democrats - and a growing number of Republicans - against Big Tech. Candidates in at least 21 races across 18 states have aired television advertisements mentioning data centres this cycle, according to marketing data cited by US media, almost evenly divided between both parties. On the grid serving Senate battleground Ohio, as well as 12 other states, demand from data centres drove up capacity costs by $9.3 billion in a single year, a 174% increase, according to an independent market monitor. Anger over household bills has merged with a broader populist distrust of Silicon Valley, exposing lawmakers who, until recently, were courting the sprawling server farms with tax breaks and promises of jobs and investment. Read:...

OpenAI to cut off AI models for SpaceX-owned Cursor, escalating feud with Musk <br> OpenAI said on Friday &zwnj;that it plans to stop providing AI models to Cursor, the coding-tool company now owned by Elon Musk&#39;s SpaceX, marking a further escalation in the bitter rivalry between OpenAI CEO Sam Altman and Musk. Musk and Altman have been at odds for years, ​a feud that culminated earlier this year in a trial over Musk&#39;s $150 billion lawsuit against OpenAI. ​During the&nbsp;trial, Musk&#39;s lawyer said that Musk and other witnesses had testified that Altman ⁠was a liar, while OpenAI argued that Musk had sought control of the company. &quot;We are making this choice ​because we cannot be confident that SpaceX will use our technology within our terms of service, based on our ​experience with Elon Musk&#39;s companies violating contracts,&quot; OpenAI said in a blog post. Musk responded early on Saturday in an X post, writing, &quot...

China’s record robotic strides show the limits of human speed <br> &nbsp;A made-in-China humanoid shattered Usain Bolt&rsquo;s world record time in the 100-metre sprint this week, a milestone in the development of robots that can match, and even surpass, human achievements. But the robot did not beat Bolt by running like him, or like any human, sport science experts say. Make sense of global markets with the Trading Day newsletter.&nbsp;Sign up&nbsp;here. In ​its final and fastest run, China&#39;s Tiangong Ultra humanoid ran 100 m in 8.64 seconds, blazing past Bolt&#39;s 9.58-second human world record. That &zwnj;amounts to an average speed for the robot of almost 42 kph (26 mph). &quot;It is a remarkable advancement in technology where humanoids can keep balance and sprint at a speed that humans can&#39;t catch up with,&quot; said Jung Moon-hyun, a sports science professor at South Korea&#39;s Chungnam National University. Bu...