Your Essential AI News Feed

Hong Kong’s ambitious tech drive gains momentum with new investments as 17 companies, including iFlytek under U.S. sanctions, sign deals to set up operations in the city.

Seventeen companies, including iFlytek, which has been under U.S. sanctions since 2019, have signed agreements to set up or expand operations in Hong Kong as part of a government-led push to bolster the city’s tech sector. The move is expected to contribute HK$42 billion in investments and create around 17,000 jobs.

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Researchers develop an AI-powered e-nose, offering a cost-effective and efficient way to detect and analyze oil spills.

Researchers have developed an AI-powered e-nose capable of detecting oil spills and identifying their origin based on volatile compounds. The device, significantly cheaper and more portable than current gas analysis equipment, can aid in environmental monitoring and oil field studies.

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Asian financial institutions face mounting risks as slow AI adoption leaves them vulnerable to evolving financial crime threats.

A report by SymphonyAI and Regulation Asia shows that despite AI's potential in fighting financial crime, only 15% of Asian financial institutions have advanced AI in their compliance systems. Legacy system integration and regulatory challenges impede progress, leaving them vulnerable as financial crimes evolve.

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AI didn't swing the 2024 U.S. presidential election but deepened the divide, fueling distrust in reality and sowing seeds of misinformation that polarized voters.

AI didn’t sway the election,” says Professor Hany Farid, but it spread misinformation and reinforced partisan beliefs. Experts highlight how social media, especially X, allowed unmoderated AI content, fueling confusion and distrust.

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Taiwan Semiconductor Manufacturing Company (TSMC) set to halt production of advanced AI chips for Chinese clients, marking a significant shift in the global semiconductor landscape.

Taiwan Semiconductor Manufacturing Co (TSMC) has notified Chinese chip design companies that it is suspending production of their most advanced AI chips from Monday, the Financial Times reported, citing three people familiar with the matter.

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Open or Closed? AI model choices define safety, transparency, and governance challenges for the future.

AI is rapidly evolving, and with it, the debate over open versus closed models intensifies. While open models enable broader innovation and transparency, they also introduce security risks, as recent reports of repurposing models for military use show. Closed models offer more control but limit transparency. Striking a balance between access, innovation, and safety is key as policymakers grapple with AI’s future.

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Meta’s Llama AI now powers U.S. national security efforts, expanding AI’s role in government operations

Meta's Llama AI model is set to bolster U.S. national security efforts through partnerships with major tech and defense firms, focusing on applications in logistics, cybersecurity, and intelligence. This initiative highlights the critical role of AI in maintaining technological leadership amid global competition

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