ARTIFICIAL INTELLIGENCE REGULATION
TRAI crackdown on spam: Over 1.24 lakh mobile connections barred or disconnected in Jul-Sep
TRAI enforced strict regulations against over 1.24 lakh telecom resources for violating unsolicited commercial communications rules. The regulator responded to 15.29 lakh complaints, classifying 7.23 lakh as actionable during the quarter. It blocked 3,725 SMS headers and blacklisted 374 entities from obtaining telecom resources for one year.
Nvidia scandal looms over US-China AI talks
AI bots going rogue and humans using the technology for harm will likely be on the agenda when Donald Trump and Xi Jinping meet next week, with the Nvidia scandal hanging over the talks on AI safety. But the scandal is unlikely to "dominate the agenda" or affect Trump and Xi's personal relationship, predicted Dylan Loh of Singapore's Nanyang Technological University.
New framework in works to put a number on knowledge economy
The statistics ministry is examining a framework to better measure how knowledge, innovation and technology contribute to India’s economic growth. A committee led by former finance secretary Ratan P Watal has proposed separate statistical accounts for seven areas, including AI, research and development, human capital, the creative economy and the digital economy.
Democratic political group launches new push to shape AI agenda before 2028
Tomorrow Together was one of several groups that tried to counter the industry's huge campaign war chest during the midterms. It pushed for new limits on artificial intelligence and data centres and spent USD 6.5 million on behalf of candidates calling for more regulation.
AI to stay dominant force behind US business investment in 2027, Goldman says
Goldman Sachs forecasts that artificial intelligence-related spending will reach approximately $1.4 trillion by the end of 2027. This spending is expected to represent nearly 4% of the US economy. The brokerage anticipates AI will drive significant business investment growth, with an estimated total exceeding $900 billion by the end of 2026. Furthermore, AI investment is projected to enhance capital expenditure and GDP growth rates in 2027.
Chinese AI firms rush to secure Nvidia chip capacity as spy scandal stirs fear of US curbs
Chinese artificial intelligence companies are actively seeking to rent Nvidia-powered computing capacity from overseas data centres. They are motivated by fears of stricter US export controls and political controversies surrounding Nvidia's CEO. Major cloud providers and smaller AI labs are exploring international options to maintain access to advanced processors.
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South Korean shares rise as tech stocks rebound on Wall Street
South Korean shares edge higher 0.36%, supported by gains in technology stocks following Wall Street’s rebound. Samsung Electronics and SK Hynix advance as foreign investors buy equities. Despite uncertainty surrounding Nvidia CEO Jensen Huang, the won strengthens against the dollar, while government bond yields decline amid mixed broader market sentiment.
Nvidia preparing to oust CEO Jensen Huang as two affairs, China spy allegations rock chip giant
Nvidia's co-founder and CEO Jensen Huang faces potential ousting due to various controversies involving multiple affairs. Reports indicate Huang is involved with two women, including a subordinate at Nvidia. Shareholders have filed a class action lawsuit against him for failing to disclose pertinent information about his relationships. The company’s stock has significantly declined following Huang's admission of infidelity.
Alice Huang, who reportedly had an affair with Nvidia CEO, is a Chinese banker turned tech exec
Jensen Huang, CEO of Nvidia, was reportedly involved in an affair with Alice Huang, a Chinese businesswoman. Alice Huang faced allegations of being a spy for China targeting advanced Nvidia chip availability. Reports indicated she may have influenced Nvidia’s operations, causing concern among policymakers. Megaspeed, where she held a leadership role, was scrutinized for potentially violating export controls. The Chinese government has denied the accusations of espionage against Alice Huang.
Is the AI wheel broken? Julius Baer flags 3 variables shaping AI investments ahead of Anthropic IPO
Anthropic’s proposed $1.4 trillion IPO valuation will put the economics of the AI industry under the spotlight. Julius Baer analysts identify three key variables investors should watch: demand growth, pricing power and computing costs. The listing could also establish a valuation benchmark for OpenAI’s expected 2027 IPO.
Wells Fargo upgrades US AI infrastructure stocks to neutral after chip rout
Wells Fargo upgraded its outlook on US AI infrastructure stocks to neutral from negative, citing improved valuations after a steep semiconductor sell-off. However, it warned that slowing AI investment and rising depreciation costs could pressure earnings in 2028.
Global credit conditions to weaken next year: Moody's
Moody’s Ratings expects global credit conditions to weaken in 2027 as higher financing costs and elevated energy prices create pressure across sectors, even as major economies continue to grow. The agency said tariffs, regulation, export controls and strategic government investment will increasingly shape credit risks, trade and capital allocation. Higher refinancing costs are likely to weigh on highly leveraged borrowers and those facing near-term maturities, while banks and life insurers could benefit from higher rates.
Terminator: Rise of the AI sceptics
The Republican Party’s midterm defeat could reshape America’s AI policy, giving Democrats greater influence over regulation and safety standards. While Trump has backed a unified federal framework to accelerate AI development, Democratic lawmakers favour stronger safeguards. The shift may create unexpected political allies for major AI companies seeking tighter rules.
Nvidia and CEO Jensen Huang face class-action lawsuit over Chinese spy affair
Jensen Huang of Nvidia faces a class-action lawsuit filed by Rosen Law Firm concerning shareholder miscommunication. The lawsuit alleges that Huang's unreported relationship with a Chinese executive raised national security concerns impacting shareholders. Reports indicated the woman involved was linked to foreign intelligence efforts, leading to market instability. Huang admitted his unfaithfulness in a message to employees while expressing remorse for his actions.
Most Americans want new Democratic Congress to end Trump's Iran war, Reuters/Ipsos poll finds
A new Reuters/Ipsos poll reveals that many Americans desire Congress to end the war with Iran. Support for repealing tariffs imposed by the Trump administration is also significant among respondents. Both Democrats and Republicans expressed a need for bipartisan cooperation on addressing cost of living issues. Concerns about potential impeachment proceedings against Trump were also noted among poll participants.
Kiss your wife goodnight: Donald Trump says he threatened to arrest unnamed top AI executive
US President Donald Trump revealed he issued a serious threat to an unnamed AI executive regarding security issues. After receiving intelligence about risk from an AI firm, he intervened directly with a warning of imminent arrest. Trump emphasized the need for American technological dominance in the face of competition from China and expressed a willingness to work with Democrats on regulations.
Wall Street brokerages call AI stock selloff overdone, see buying opportunity in tech stocks
Wall Street brokerages Morgan Stanley, UBS and HSBC consider the recent AI stock selloff excessive, maintaining confidence in long-term investment prospects. Analysts expect Nvidia earnings, Anthropic's potential IPO and continued data centre spending to drive market sentiment, viewing regulatory concerns as unlikely to derail the broader artificial intelligence investment cycle.
AI demand unlikely to be derailed by Nvidia CEO controversy: Taiwan supply chain executives
Global demand for artificial intelligence (AI) is expected to remain strong despite the controversy surrounding Nvidia Chief Executive Officer Jensen Huang, with Taiwan's semiconductor supply chain sources expecting limited long-term impact on the industry, according to a news report by Focus Taiwan.
Australia to adopt 'mandatory' AI safeguards
Artificial intelligence companies will have to abide by new "mandatory" safeguards when operating in Australia, Prime Minister Anthony Albanese said Tuesday. With immense renewable energy potential and vast stretches of uninhabited land, Australia has billed itself as a prime location for the data centres needed to power artificial intelligence.
Citi downgrades US stocks to 'neutral' as AI sell-off, regulatory risks mount
Citigroup strategists have downgraded US equities to neutral due to ongoing market volatility and regulatory concerns. This decision follows a significant sell-off that erased $3 trillion from the market value of S&P 500 companies. The strategists expressed worries about the potential for key indices like Nasdaq to shift into net-short territory. They also adjusted global and European technology sector ratings to neutral while upgrading healthcare stocks.
South Korean shares rebound as chipmakers recover from AI-driven selloff
South Korean shares rebounded on Monday as benchmark index KOSPI rose over 1.5%. Chip giants Samsung Electronics and SK Hynix led the recovery following Wall Street gains and government assurances over Nvidia GPU supply continuity, despite remaining net selling pressure from foreign investors.
Japan's Nikkei rebounds 2% after tech stock rout
Japan's Nikkei 225 rebounded 2% on Monday following a sharp technology stock selloff that pushed the benchmark into bear market territory. The recovery was driven by Wall Street gains and tech sector stabilization, though market sentiment remained cautious amid ongoing Middle East tensions and US regulatory concerns.
Nvidia opens probe into CEO Jensen Huang over affair with woman suspected of spying for China
Nvidia has launched an independent probe into CEO Jensen Huang over an affair with a Chinese executive suspected by US intelligence of working for Beijing. Huang admitted to being unfaithful and apologised. The investigation will examine potential national security risks and possible exposure of company secrets.
Eurozone bond yields set for biggest weekly fall since September as investors seek safety
Eurozone government bond yields are heading for their steepest weekly decline since late September as investors seek safe-haven assets amid a global technology selloff. Easing expectations of further ECB rate hikes have added to the decline, while Germany's 10-year yield touched a multi-month low.
China blocks SoftBank's $5.4 billion acquisition of ABB Robotics
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expansion. The intervention highlights Beijing’s growing scrutiny of cross-border deals involving strategically important technologies.
Why did US stocks crash? Trump blames Democrats as AI regulation fears rattle markets
Donald Trump blamed the Democrats' midterm election gains for Wall Street's sharp selloff, as concerns over potential curbs on AI investments rattled technology stocks. Uncertainty surrounding data centre expansion and regulatory scrutiny added to investor anxiety.
Infosys, Wipro, TCS and other IT stocks rise up to 3% as US AI rout deepens; is the bubble bursting?
In the wake of a worldwide AI stock decline, companies such as Infosys and TCS have seen their shares rise, demonstrating a contrasting trend. This downturn has sparked fears of impending regulations within the sector, prompting analysts to predict that Indian IT companies might leverage this moment to enhance their entrepreneurial AI ventures, all while experts caution against excessive financial commitments in the AI landscape.
Kazakhstans growing presence in global technology landscape
Kazakhstan is improving its position in global digital development as it prepares for integrating artificial intelligence. The country ranked 60th in the Government AI Readiness Index, a notable rise of 16 places. Additionally, it was placed 24th in the UN E-Government Survey for digital services, reflecting strong advancements.
India cybercrime agency warns financial firms on AI attacks
"These attacks are financially motivated and are being carried out with the help of Artificial Intelligence (AI) agents leading to machine speed compromise," the Indian Cybercrime Coordination Centre said in an advisory made public on Wednesday.
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