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AI & Enterprise

Shinsegae chairman Chung Yong-jin attends Foundry School launch ceremony

Shinsegae Group said its Chairman Chung Yong-jin attended the launch ceremony of Foundry School in Washington on Sept. 3 local time. The U.S. State Department-led project aims to foster future talent for manufacturing and advanced industries through industry-academia cooperation. U.S. officials and ReflectionAI’s CEO highlighted Shinsegae’s partnership with ReflectionAI. Shinsegae said it is working on establishing a joint venture and selecting a site for a large AI data centre project in South Korea.

AI & Enterprise

DeepMind\'s Hassabis urges U.S.-led AI standards body

Google DeepMind CEO Demis Hassabis urged the creation of a U.S.-led AI standards body to oversee new AI models and assess national security risks such as cybersecurity and biological threats. He proposed a public-private partnership under federal oversight, similar to FINRA, with a board including independent technical experts and open-source representatives. He said the body would require substantial funding and computing resources, likely from industry.

Industry

Chinese arms-linked firm, Qatar royal money secretly bought SpaceX stake

New documents show that when SpaceX was a private company, investors with addresses in mainland China, Hong Kong and Russia bought stakes via a U.S. broker. The list includes an individual linked to a Chinese military contractor and an investor tied to Qatar royal funds. Records show at least 12 such investors put money into SpaceX-related funds from 2018 to 2021, with investments ranging from $800,000 to $40 million.