Finance

Digital asset institutionalisation picks up pace as big platforms clash over entry into online lending industry

Cooperation between traditional financial firms and crypto-asset operators is expanding, with moves by Kakao Group, brokerages and exchanges. In the United States, the OCC gave preliminary approval to two digital banks pursuing crypto custody and stablecoin business. In South Korea, the Democratic Party plans to draw up a Digital Asset Basic Act this year. Competition is also shifting across platform finance, raising questions about entry rules, conflicts of interest, consumer choice and security.

AI & Enterprise

Should AI model development really be slowed? AI safety debate enters new phase

The debate over AI model safety has flared again as people working at, or who previously worked at, AI companies raise the prospect of human extinction from AI. Major AI companies have also floated slowing AI development. Sam Altman (샘 알트먼), CEO of OpenAI, said solving AI safety issues comes first and said the company will not pursue an IPO this year.