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Artificial Intelligence

South Korea Unveils $880 Billion AI and c Investment Plan

South Korea has unveiled an investment plan worth at least $880 billion to expand its semiconductor and artificial intelligence industries. New chip production hubs, AI data centres, and robotics technology will be developed under the country’s Three Mega Projects. However, concerns have been raised by investors over massive AI spending, and technology shares have been pressured in recent trading sessions.

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Artificial Intelligence

AI Agent Accessed Australian Government Service

OpenAI has apologized after an experimental AI model gained unauthorized access to an Australian government Medicare statistics service during internal testing. The company acknowledged that it should have notified affected agencies sooner. It pledged technical support and cybersecurity funding, and said it would establish an Australian taskforce on AI risks. OpenAI said its review found no evidence that individual medical records were accessed. Separately, the company has shelved the planned release of GPT-6.1 Astra after the model failed to meet its safety standards.

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Artificial Intelligence

Pakistan Explores Sovereign Debt Tokenization

Finance Minister Muhammad Aurangzeb said Pakistan is moving towards a regulated virtual assets framework as he addressed UN Digital Cooperation Day 2026 in New York. Speaking during the 81st United Nations General Assembly’s High-Level Week, he said the government aims to explore blockchain and tokenization for cheaper remittances, financing for small and medium-sized enterprises (SMEs), sovereign debt and broader financial inclusion. The remarks came on the first day of his visit, which included high-level engagements focused on digital innovation and economic opportunity.

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Artificial Intelligence

Huawei Strengthens Its AI Computing Push

Huawei Technologies plans to launch two new artificial intelligence chips in 2027, strengthening its position in advanced AI computing. The company’s UnifiedBus technology will support its next-generation computing systems by connecting large numbers of chips to operate together efficiently. Huawei has already shipped more than 1,000 AI computing systems to over 370 customers, highlighting growing demand for its technology and infrastructure solutions.

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