Search results for Michael Kratsios
Crypto
Bitcoin fails again to break $80,000 as U.S.-China AI tensions return
Bitcoin traded around the $78,000 level but again failed to break above the key resistance level of $80,000, as renewed tension between the United States and China dented risk appetite in the cryptocurrency market. The White House stepped up its stance on AI, while on-chain indicators pointed to resistance near $76,800. In derivatives, Deribit’s $80,000 call options held the largest share, with a notional value of $1.78 billion.
General News
South Korea, U.S. agree to launch technology prosperity working group
South Korea will launch a working group with the United States to pursue strategic cooperation on technologies including artificial intelligence and research security, the science ministry said on Friday. Science and ICT Minister Bae Kyung-hoon met White House science adviser Michael Kratsios and agreed to form the group to implement an October Korea-U.S. technology prosperity memorandum. The group will include officials and experts and will be coordinated by South Korea’s science ministry and the U.S. State Department.
People & Appointments
Bae Gyeong-hun chairs GPAI ministerial council as co-chair
South Korea\'s Deputy Prime Minister and Minister of Science and ICT Bae Gyeong-hun chaired a Global Partnership on Artificial Intelligence ministerial council meeting in New Delhi on Thursday as co-chair and discussed intergovernmental AI cooperation with ministers from major countries. The ministry said participants shared the need to strengthen accountability of AI systems, secure computing infrastructure and bolster policy implementation. Bae also held separate talks with officials from Singapore, India and the United States.
