Fintech
1. US SEC, Coinbase clash in court over crypto rulemaking
Coinbase and the U.S. securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange pressed the agency to create new rules for digital assets. (The Star)
IT intrastructure
2. TSMC, Samsung consider building chip factories in UAE, WSJ reports
Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. have discussed building major new factories in the United Arab Emirates in coming years to help satisfy soaring demand for artificial intelligence computing, the Wall Street Journal reported. (Yahoo Finance)
3. Apollo eyes $5 billion investment in Intel, Bloomberg News reports
Apollo Global Management, a prominent US-based asset management firm, is reportedly negotiating a substantial investment of up to $5 billion in Intel, according to a Bloomberg report. (Trading View)
Tech trends
4. Samsung plans to invest $1.8 bln more in Vietnam for OLED manufacturing
In a significant move to bolster its global manufacturing capabilities, Samsung Display has announced a $1.8 billion investment to build an OLED display factory in Vietnam. (Business Korea)
5. China urges vigilance against Taiwanese cyberattacks
A Taiwanese hacking group called Anonymous 64 has been carrying out cyberattacks against targets in mainland China, Hong Kong and Macau, China’s national security ministry said on Monday, urging netizens to report cases of “anti-propaganda sabotage.” (Hindustan Times)
6. Some Kaspersky customers receive surprise forced-update to new antivirus software
Customers of Kaspersky antivirus in the United States found out in the last few days that their cybersecurity software was automatically replaced with a new one called UltraAV, according to several customers who posted on social media. (Tech Crunch)
AI
7. UAE seeks closer AI, tech ties in Biden talks as China interest stirs US concern
President Joe Biden will host the United Arab Emirates president on Monday for a visit set to include White House talks on the Gulf state’s plans for artificial intelligence, an ambitious effort also drawing interest from U.S. geopolitical rival China. (Reuters)
8. AI startup Scribenote raises $8.2 mln in Andreessen Horowitz-led funding round
Scribenote, a startup that uses AI to generate medical records for veterinarians, said on Monday it has raised $8.2 million in an early-stage funding round led by venture capital firm Andreessen Horowitz. (Aol)
9. Russia produced most AI content to sway presidential vote, US intelligence official says
Russia has generated more AI content to influence the US presidential election than any other foreign power, a US intelligence official said on Monday. (Hindustan Times)
10. An official OpenAI X account was taken over to peddle a crypto scam
OpenAI’s Newsroom account made a post advertising an OpenAI-themed crypto token and pointed to a sketchy website. (The Verge)
11. Sam Altman catapults past founder mode into ‘god mode’ with latest AI post
Sam Altman, the CEO of the AI startup headed for a $150 billion valuation, OpenAI, has historically pitched AI as the solution to the world’s problems, despite its significant impact on energy resources, carbon emissions, and water usage to cool data centers, coming at the cost of the progress the world has made toward combating climate change. (Tech Crunch)
12. Ephos wants to shatter the market for AI and quantum chips with a new design based on glass
A theoretical physicist believes he has made a breakthrough in photonics research that will enable us to have faster and better processors — a major need in artificial intelligence, quantum computing, and other tech with heavy workloads. (Tech Crunch)
IoT
13. aicas launches Edge Device Portal, with applications for pilot customers now open
aicas launches Edge Device Portal, with applications for pilot customers now open. (IoT Tech news)
