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AI & Enterprise

Japan digital minister warns of 'AI colony' as government considers using sensitive data without consent

Japan is pushing a legal revision that would allow sensitive personal data such as medical records and criminal histories to be used for artificial intelligence development without the individual’s consent. Digital Minister Hisashi Matsumoto said Japan could become an “AI colony” if it fails to narrow the gap with global rivals. The bill has passed the lower house and awaits review in the upper house, with opposition parties warning it could weaken safeguards and raise data-leak risks.

Finance

Huaxing Securities joins Futu, Tiger in curbing trades for mainland China clients

Huaxing Securities will restrict new trading for mainland China clients, extending curbs beyond Futu Holdings, Tiger Brokers and Longbridge as Chinese regulators widen their offshore broker crackdown. From June 15 Beijing time, Huaxing will stop new purchases and position openings for mainland accounts and block incoming funds and securities transfers, while allowing sales of existing holdings. The firm said the move follows regulatory requirements during a two-year rectification period.

AI & Enterprise

Trillion Labs to develop world models based on Nvidia Omniverse and Nemotron, targeting AI factories

Trillion Labs said on June 8 it will develop industrial world models for AI factories based on Nvidia Omniverse libraries and the Nvidia Nemotron open model. The models are designed to help AI understand and simulate complex industrial environments such as AI data centres and power plants to optimise operations. The company said it is building an intelligence layer that predicts outcomes of decisions and supports operators.