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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. hold kickoff meeting for Technology Prosperity Working Group

South Korea and the United States on April 9 held a kickoff meeting for the Korea-U.S. Technology Prosperity Working Group and began cooperation to implement a bilateral technology prosperity memorandum of understanding. The two countries had agreed to launch the working group to carry out the MOU signed in October. The meeting was the first official session, with South Korea’s science and foreign ministries and the U.S. White House science office and State Department attending.