China, South Korea Agree to Strengthen Talks on Chip Industry

China and South Korea have agreed to strengthen dialog and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China’s commerce minister said. Wang Wentao met with South Korean Trade Minister Ahn Duk-geun on the sidelines of the Asia-Pacific Economic Cooperation (APEC) …

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Regulators Take Aim at AI to Protect Consumers, Workers

As concerns grow over increasingly powerful artificial intelligence systems like ChatGPT, the nation’s financial watchdog says it’s working to ensure that companies follow the law when they’re using AI. Already, automated systems and algorithms help determine credit ratings, loan terms, bank account fees, and other aspects of our financial lives. …

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TikTok Sues to Stop Ban in US State of Montana

TikTok on Monday filed suit in U.S. federal court to stop the northern state of Montana from implementing an overall ban on the video-sharing app. The unprecedented ban, set to start in 2024, violates the constitutionally protected right to free speech, TikTok argued in the suit. “We believe our legal …

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Early Warning Systems Send Disaster Deaths Plunging, UN Says

Weather-related disasters have surged over the past 50 years, causing swelling economic damage even as early warning systems have meant dramatically fewer deaths, the United Nations said Monday.  Extreme weather, climate and water-related events caused 11,778 reported disasters between 1970 and 2021, new figures from the U.N.’s World Meteorological Organization …

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G7 Calls for ‘Responsible’ Use of Generative AI

The world must urgently assess the impact of generative artificial intelligence, G7 leaders said Saturday, announcing they will launch discussions this year on “responsible” use of the technology. A working group will be set up to tackle issues from copyright to disinformation, the seven leading economies said in a final …

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Congress Eyes New Rules for Tech

Most Democrats and Republicans agree that the federal government should better regulate the biggest technology companies, particularly social media platforms. But there is little consensus on how it should be done.  Concerns have skyrocketed about China’s ownership of TikTok, and parents have grown increasingly worried about what their children are …

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Buffett Shares Good News on Profits, AI Thoughts at Meeting

Billionaire Warren Buffett said artificial intelligence may change the world in all sorts of ways, but new technology won’t take away opportunities for investors, and he’s confident America will continue to prosper over time. Buffett and his partner Charlie Munger are spending all day Saturday answering questions at Berkshire Hathaway’s …

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