Search results for Michael Kratsios
AI & Enterprise
Japan joins U.S. AI project Genesis Mission to co-invest $1 billion over five years
Japan will join the U.S. government’s artificial intelligence research project Genesis Mission as its first overseas partner. The two countries plan to invest $1 billion over five years to jointly develop technology to accelerate scientific research. Senior officials from Japan’s education and industry ministries are to visit the United States in early June and officially announce cooperation measures with the Department of Energy, which oversees the programme.
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.
