The Guardian

Friday 6 November

Nvidia Boosts Chip Tracking in Southeast Asia to Fight Smuggling

AI-generated summary Nvidia Corp. is increasing the monitoring of artificial intelligence accelerators sold in Southeast Asia to combat semiconductor smuggling. The chipmaker now requires regional customers to use its fleet intelligence system to track hardware locations in order to become official Nvidia Cloud Partners.

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3 charged in scheme to use AI to impersonate CEOs and attorneys to steal $129 million

AI-generated summary Prosecutors said three individuals were indicted on charges of wire fraud and aggravated identity theft after allegedly using artificial intelligence to steal about $129 million. Court documents state that Jacob Soall, Sharon Hazan, and Guy Sheetrit targeted thousands of companies worldwide by impersonating corporate executives and attorneys.

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Thursday 5 November

Watch Market Reassessing Pace of AI Boom: T. Rowe Price's Wang

AI-generated summary Tony Wang states that markets are currently reassessing the pace, feasibility, and long-term returns of the artificial intelligence boom. The portfolio manager attributes the recent selloff to crowded positioning, leverage, and momentum-driven trading.

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Nasdaq heading for worst day in 18 months as Wall Street sustains widespread losses

AI-generated summary The US Nasdaq share index headed for its worst day in 18 months after slumping by up to 5% on Thursday as Wall Street sustained widespread losses. Nvidia fell 6.7% while SanDisk tumbled 19% and Western Digital dropped 16.5% amid growing signs that the artificial intelligence industry will face tougher regulation.

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Albanese government warned it’s ‘sleepwalking into another robodebt scenario’ over use of algorithms and AI

AI-generated summary The Centre for Public Integrity warns that the federal government is risking another robodebt scandal due to insufficient transparency and legislation surrounding automated decision-making. A newly released report by the centre recommends establishing a mandatory audit, a public register for automated decision tools, and an independent oversight body.

‘Sad and devastated’: Canva cuts hit staff and Australian tech overall

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AI-generated summary Canva chief executive Melanie Perkins told staff that 1271 people would be affected by a restructuring after growth slowed this year. Dunja Popovs was among the workers losing their job at the design software maker, according to the report.

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Tech Billionaires Face Tricky Political Waters After Democratic Midterm Sweep

AI-generated summary Readers viewing a preview of the article can see that tech executives such as Jensen Huang of Nvidia, Elon Musk of Tesla and SpaceX, and Mark Zuckerberg of Meta previously met with President Trump. Democrats will soon control Congress and prominent state governments after a midterm sweep, placing some tech executives in a trickier position regarding their political alignment.

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How the midterms could fuel the K-shaped AI trade

AI-generated summary CoreWeave, Nebius, and Iren shares became available after falling at least 30% in October as tightening credit markets raised funding questions. JPMorgan Asset Management says financially stronger hyperscalers could secure cheaper capacity or acquire assets if weaker operators scale back.

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Activists across Europe prepare two days of protests against datacentres

AI-generated summary Activists across Europe will hold two days of protests against datacentres this week to call for a halt to major artificial intelligence projects. Owen Espley says communities and civil society are rising up to demand politicians impose moratoria on large-scale datacentre developments.

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(2nd LD) Seoul shares plunge over 5 pct on AI regulation concerns after U.S. midterms

AI-generated summary South Korean stocks are available for trading on the KOSPI index after dropping more than 5 percent following the U.S. midterm elections. Kim Seok-hwan, an analyst at Mirae Asset Securities, says the election outcome sparked foreign selling and raised concerns over tighter regulations on artificial intelligence data centers.

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Wednesday 4 November

Voters across the country reject data centers • Stateline

AI-generated summary Thirty-three ballot measures that restrict data centers are available after being passed by voters or leading in ongoing vote counts late Tuesday evening. Residents in communities across the country pushed back on plans by tech companies to build data centers to power artificial intelligence platforms.

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