U.S. Urges Asia to Avoid European AI Regulations
During a visit to South Korea, U.S. White House technology adviser Michael Kratsios urged Asian nations to reject the “European model of fear and over-regulation” of artificial intelligence (AI), referencing the EU’s stringent AI Act. He emphasized that Asian countries should adopt independent approaches to AI regulation and development. Kratsios also criticized China’s recent proposal for global AI governance, asserting that such international efforts are neither effective nor widely desired. He promoted a U.S. initiative to export a “full stack” of American AI technologies tailored to individual nations’ needs. [ft.com]
Anthropic’s AI Model Excels in Cybersecurity Competitions
Anthropic’s AI model, Claude, has outperformed human teams in hacking competitions like PicoCTF and Hack the Box. With minimal human input, Claude demonstrated near-expert capabilities in tasks like reverse-engineering malware and breaching systems, though it still struggles with unconventional inputs. Anthropic’s red team warns that defenders need to start harnessing AI’s power just as attackers may soon do. [axios.com]
Palantir Secures $10 Billion U.S. Army Contract
The U.S. Army awarded Palantir a $10 billion contract, consolidating 75 deals into one. This underscores Palantir’s growing dominance in defense tech and a shift in government procurement towards Silicon Valley. The contract has contributed to a 6% surge in Palantir’s stock, pushing its market cap to $363 billion. [reuters.com]
U.S. Markets Decline Amid Economic Concerns
According to AP News, “US stocks slip following the latest discouraging signal on the economy,” major indexes fell as a weak services sector report heightened RECESSION fears. The S&P 500 dropped 0.5%, the Dow Jones 0.1%, and the Nasdaq 0.7%, reflecting investor unease over potential tariff impacts. [apnews.com]
Dollar Weakens on Fed Independence Worries
Reuters reports, “Trump’s attacks on Fed, data integrity weigh on US dollar forecasts,” indicating the DOLLAR’s nearly 9% decline this year. Analysts cite concerns over Federal Reserve independence and data reliability, with expectations of interest rate cuts further pressuring the currency. [reuters.com]
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