The post South Korean Won: Rate hike support from exports and inflation – DBS appeared on BitcoinEthereumNews.com.
DBS economists Radhika Rao and Mo Ji expect the Bank of Korea (BoK) to raise its base rate to 2.75% from 2.50% in July, citing persistent CPI inflation above 3% and resilient growth. They highlight robust exports and investment linked to the AI (Artificial intelligence) boom and note that Korean Won weakness and portfolio outflows further justify tighter monetary policy. Korean policy tightening backed by data “The Bank of Korea is expected to raise the base rate to 2.75% from 2.50% in July.” “The BoK signaled in June that it remains prepared to tighten monetary policy despite the recent decline in oil prices following the easing of tensions in the Middle East.” “CPI inflation has remained above 3% yoy for two consecutive months through June, and is expected to stay around this level for the remainder of the year, supported by lingering cost pass-through, elevated inflatio
The post Marc Andreessen Takes Strategic Role in Federal Reserve’s AI Task Force appeared on BitcoinEthereumNews.com.
Marc Andreessen, a co-founder of the investment powerhouse Andreessen Horowitz, is set to take a prominent position in a new task force established by the Federal Reserve. This initiative focuses on assessing artificial intelligence’s role in shaping productivity and job markets. Continue Reading:Marc Andreessen Takes Strategic Role in Federal Reserve’s AI Task Force Source: https://en.bitcoinhaber.net/marc-andreessen-takes-strategic-role-in-federal-reserves-ai-task-force
Suit claims OpenAI poached Apple workers, coaxing them to share confidential material in bid to create hardware
Apple filed a lawsuit against OpenAI on Friday alleging the artificial intelligence firm stole company trade secrets in a move to create its own hardware device.
The suit claims OpenAI poached Apple employees, coaxing them to hand over confidential material, product designs and other tightly held information.
Continue reading...
The post Singapore: Resilient GDP and strong NODX – DBS appeared on BitcoinEthereumNews.com.
DBS economists Radhika Rao and Mo Ji forecast Singapore’s advance 2Q26 Gross Domestic Product (GDP) growth at 5.8% year-on-year and 1.5% quarter-on-quarter seasonally adjusted, slightly below 1Q26 but still resilient. They cite strong manufacturing and wholesale trade on AI-related electronics demand, robust modern services and construction, and expect non-oil domestic exports to post a fourth consecutive month of double-digit growth despite a slowdown from May. AI demand underpins growth outlook “We expect Singapore’s advance GDP growth estimate for 2Q26 to register 5.8% yoy, 1.5% qoq sa, remaining resilient compared with 6.0% yoy, 1.0% qoq sa in 1Q26.” “Manufacturing accelerated, while wholesale trade performed well despite some moderation, driven by robust global demand for artificial intelligence (AI)-related electronics.” “Modern services remained resilient, supported by continued momentum
The post OpenAI sold AI to Pentagon-blacklisted Chinese firms, raising alarms appeared on BitcoinEthereumNews.com.
OpenAI has reportedly supplied AI technology to Chinese companies on the Pentagon’s military-linked blacklist, adding fresh scrutiny to U.S. controls over advanced artificial intelligence exports. Summary OpenAI and Google reportedly provided AI access to Chinese firms on the Pentagon’s Section 1260H blacklist. The reported access has renewed debate over U.S. AI export controls and cloud-based model distribution. The development comes as OpenAI expands GPT-5.6 Sol, Terra, and Luna across ChatGPT, Codex, and its API. According to the reported findings, OpenAI and Google provided access to their AI models to Chinese companies included on the U.S. Department of Defense’s Section 1260H list, which identifies entities the Pentagon believes are tied to China’s military-industrial complex. While inclusion on the list does not automatically prohibit commercial dealings or trigger
OpenAI has reportedly supplied AI technology to Chinese companies on the Pentagon’s military-linked blacklist, adding fresh scrutiny to U.S. controls over advanced artificial intelligence exports. According to the reported findings, OpenAI and Google provided access to their AI models to…
The post Ethereum Foundation Set AI Agents Loose on Its Code: Here’s What They Actually Found appeared on BitcoinEthereumNews.com.
Key Takeaways Ethereum Foundation AI agents uncovered CVE-2026-34219, a remotely-triggerable bug in libp2p’s gossipsub. One agent produced about 1,000 candidate findings, with 86% of top-tier picks surviving expert review. The foundation said July 9 that triage, not bug-finding, is the bottleneck; human validation stays essential. A Lot of Misdiagnosis The experiment was detailed in a blog post published July 9 by Nikos Baxevanis of the foundation’s protocol security team, under a title that doubled as the firm’s thesis, i.e. “The triage is the product.” The findings drew wide attention as the most flagged issues turned out to be false positives (even though there were real bugs in the mix). Ethereum Foundation blog detailing the false positives encountered from its recent tests. The headline discovery is real enough, as the agents helped surface a remotely
The Ethereum Foundation’s protocol security team ran coordinated artificial intelligence (AI) agents against the code Ethereum depends on, surfacing at least one remotely exploitable bug along with a flood of convincing false positives that humans had to untangle. A Lot of Misdiagnosis The experiment was detailed in a blog post published July 9 by Nikos […]
The post Elon Musk Lauds Anthropic as Bernanke Joins AI Oversight Trust appeared on BitcoinEthereumNews.com.
Key Insights: Elon Musk called Anthropic the current leader in AI. Ben Bernanke joined Anthropic’s Long-Term Benefit Trust. Trust members hold no equity and advise on AI risk. Elon Musk placed Anthropic at the center of the AI news cycle. He called the company the leader in artificial intelligence. His comments on X marked a sharp change in tone from earlier criticism of the startup. The remarks landed as Anthropic named former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust. Elon Musk Shifts Tone as Anthropic Gains AI Spotlight Elon Musk said he was “clearly wrong” about Anthropic in a post on X. He added that the company is “obviously” the current leader in AI. Musk pointed to Anthropic’s Mythos and Fable models as examples of its technical lead. Source: Elon Musk (X) The comment followed a reply about whether SpaceXAI could use its compute position to hurt A
