
China is huge for chip designer Arm. That's a risk for its new investors
As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its China business has become a serious point of concern.
1970-01-01 08:00

France’s iPhone 12 ban could spread across Europe, regulators say
France’s ban of iPhone 12 sales due to radiation fears could have Europe-wide implications, regulators in Belgium, Germany and the Netherlands have warned. Apple will have to recall all iPhone 12 phones in France if corrective updates do not work, the country’s National Frequency Agency (ANFR) said on Tuesday, after tests revealed electromagnetic radiation that was 40 per cent above the legal limit. On Wednesday, the Dutch digital watchdog said it was looking into the ANFR report and is seeking an explanation from the US tech giant. “A norm has been exceeded. Fortunately, there is no acute safety risk but we will very shortly have a talk with producer,” Angeline van Dijk, an inspector with the Nederlandse Rijksinspectie Digitale Infrastructuur (RDI), told the Dutch newspaper Algemeen Dagblad. “The Netherlands attaches as much importance as France to safe use of mobile phones. Mobile phones must comply with European norms.” Belgium and Germany followed with statements of their own on Thursday, with network regulators saying that the French procedure could have a guiding function for the whole of Europe. The Independent has reached out to Apple for comment. Jean-Noel Barrot, France’s junior minister for digital economy, said on Tuesday that the ANFR’s data would be shared with other EU member states, potentially leading to a “snowball effect” for Apple. “Apple is expected to respond within two weeks,” he told the French newspaper Le Parisien. “If they fail to do so, I am prepared to order a recall of all iPhones 12 in circulation. The rule is the same for everyone, including the digital giants.” The iPhone 12 series of smartphones were already set to be discontinued following the unveiling of the iPhone 15 on Tuesday, meaning any sales ban would not have a significant impact on Apple’s phone sales. A continent-wide recall would have considerable implications for the world’s richest company, however, if a solution is not found. Read More iPhone 15: Everything Apple killed off at its major live event Everything Apple killed off at iPhone 15 event The iPhone has gone all grown-up. Here’s why we should be grateful Why Apple getting rid of lightning cable iPhone charger is a big deal
1970-01-01 08:00

UFO hearings - live: Nasa to reveal first ever report on mysterious objects in sky
Nasa is about to release the first findings from its report into unidentified anomalous phenomena, or UFOs. The space agency has commissioned a study in response to a variety of reports of what appear to be unexplained and unknown craft, reported by US pilots and others. It says that unidentified anomalous phenomena, or UAP, are defined as “observations of events in the sky that cannot be identified as aircraft or known natural phenomena from a scientific perspective”. It has noted that there are very few high-quality observations of the phenomena, which makes them difficult to understand scientifically. The first report will “inform NASA on what possible data could be collected in the future to shed light on the nature and origin of UAP”, it said in its announcement. “The report is not a review or assessment of previous unidentifiable observations.” The media briefing on the report will begin at 10am local eastern time, or 3pm in the UK. The report will be published about half an hour before, Nasa said.
1970-01-01 08:00

John Lewis Expects to Stay in the Red for an Extra Two Years
John Lewis Partnership Plc has pushed back its plan to be profitable by two years as stubbornly high
1970-01-01 08:00

Singapore Crypto Policy Turned Conservative After FTX, Zhao Says
Singapore’s approach to crypto became more conservative after the collapse of FTX but the island remains crypto friendly
1970-01-01 08:00

Huawei flags product event, details about closely watched smartphones expected
BEIJING (Reuters) -China's Huawei Technologies said on Thursday it will hold a media event to discuss new products on Sept.
1970-01-01 08:00

Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering of tech giant chiefs
Tesla titan and multi-billionaire Elon Musk has reportedly warned US senators at a private meeting that unregulated artificial intelligence technology poses a “civilisational risk” to society. Senate majority leader Chuch Schumer convened a meeting of the most prominent tech executives in the US to help pass a bipartisan legislation encouraging both the rapid development of AI technology and also mitigating its biggest risks. The closed-door meeting was attended by some of the tech industry’s biggest names, including Tesla and SpaceX boss Mr Musk, Meta’s Mark Zuckerberg, former Microsoft chief Bill Gates, Alphabet’s Sundar Pichai, as well as OpenAI founder Sam Altman. As Mr Musk left the Capitol building following several hours of the meeting, he told reporters that “we have to be proactive rather than reactive” in regulating AI as its consequences of going wrong are “severe”. “The question is really one of civilizational risk. It’s not like … one group of humans versus another. It’s like, hey, this is something that’s potentially risky for all humans everywhere,” he said, according to NBC News. Mr Musk also reportedly called for a government AI agency, similar to the Securities and Exchange Commission or the Federal Aviation Administration to oversee developments in the sector and ensure safety. Leaders in the tech industry also called for a balanced approach towards regulating AI. In his prepared remarks, Mr Zuckerberg said the two defining issues for AI are “safety and access”, adding that the US Congress should “engage with AI to support innovation and safeguards”. “New technology often brings new challenges, and it’s on companies to make sure we build and deploy products responsibly,” the Meta chief said. “This is an emerging technology, there are important equities to balance here, and the government is ultimately responsible for that,” he added. The Facebook founder called for policymakers, academics, civil society and industry to work together to minimise the potential risks of AI, but also to maximise its potential benefits. Some of the measures he suggested for building safeguards into AI systems included “selecting the data to train with, extensively red-teaming internally and externally to identify and fix issues, fine-tuning the models for alignment, and partnering with safety-minded cloud providers to add additional filters to the systems we release”. As lawmakers at the US Capitol Hill interacted with tech giant chiefs about potential AI regulations, companies including Microsoft, OpenAI, Meta, Alphabet, and Amazon were also being probed on the conditions of the workers behind tools like ChatGPT, Bing, and Bard. Lawmakers are reportedly probing the working conditions of data labelers who are tasked by companies, often at outsourced firms, to label data used to train AI and for rating chatbot responses. “Despite the essential nature of this work, millions of data workers around the world perform these stressful tasks under constant surveillance, with low wages and no benefits,” lawmakers, including Elizabeth Warren and Edward Markey, said in a letter to tech executives. “These conditions not only harm the workers, they also risk the quality of the AI systems –potentially undermining accuracy, introducing bias, and jeopardizing data protection,” they said. Read More Elon Musk was on brink of death after catching malaria on South African safari, book claims Fatherhood, rows with Amber Heard and ‘the woke mind virus’: 6 big revelations from Elon Musk’s biography Putin praises Musk as ‘outstanding person’ days after report Tesla boss stopped Ukrainian attack Long-form video content is here to stay, says YouTube UK boss Cybertruck sparked Tesla revolt that saw secret design plan, Musk biography reveals Everything Apple killed off at iPhone 15 event
1970-01-01 08:00

OpenAI launches office in Dublin with three job listings
By Anna Tong Artificial intelligence leader OpenAI is opening an office in Dublin, the Microsoft-backed company announced Thursday.
1970-01-01 08:00

Singapore Central Bank Bans Zhu, Davies Over Three Arrows
Singapore’s central bank imposed nine-year prohibition orders on Su Zhu and Kyle Davies for transgressions at their collapsed
1970-01-01 08:00

Canada’s Wildfires Have Spewed More CO2 Than Mexico Did in a Year
Fires burning across most Canadian provinces and territories since May have released 410 million metric tons of carbon
1970-01-01 08:00

Drone Startup Shield AI Valued at $2.5 Billion in New Funding Round
Shield AI, a startup that makes autonomous drone technology for military applications, is raising $150 million from investors,
1970-01-01 08:00

Salesforce’s Benioff Says He Pressured San Francisco to Clean Up
Salesforce Inc. Chief Executive Officer Marc Benioff said he pushed San Francisco officials to clean up the city
1970-01-01 08:00