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Alipay has rejected claims that its payment network supports cryptocurrency trading after decentralised marketplace Peer introduced a service allowing customers to exchange Chinese yuan for the dollar-linked stablecoin USDC. The Chinese payments company said on 28 October that it neither supports virtual currency transactions nor authorises third-party platforms to offer cryptocurrency purchases through its services. It warned customers to safeguard their money and accounts when encountering such […]

Cybercriminals have distributed malicious software disguised as ChatGPT and Claude desktop applications, exploiting legitimate digitally signed installers to execute malware on Windows computers, cybersecurity company Check Point Research has disclosed. The operation, identified as Yoba, uses fraudulent GitHub repositories and accompanying websites advertising supposed applications named GPT-5.6 Sol, GPT-6 Astra and Claude Opus. Researchers disclosed the campaign on 27 October after tracking its activity for approximately two […]

Sharjah has temporarily closed beaches across the city after an offshore tanker oil spill raised concerns that marine pollution could reach its coastline. The Sharjah Government Media Bureau announced the precautionary measure on Wednesday, October 28, saying specialist teams and relevant authorities were taking steps to protect the shoreline and ensure public safety. The decision extends restrictions imposed earlier on Al Hamriyah Beach as authorities respond to […]

Abu Dhabi Global Market (ADGM) has issued dedicated guidance requiring commercial cryptocurrency mining businesses operating within or from its jurisdiction to follow a defined licensing and governance framework overseen by its Registration Authority. The international financial centre said the guidance, published on Wednesday, was the first comprehensive document of its kind issued by a regional international financial centre. It identifies crypto mining as a licensable commercial activity […]

Arabian Post Staff -Dubai Dubai’s financial regulator has imposed a $585,825 (Dh2.15 million) penalty on Moody’s Investors Service Middle East Limited after finding failures in its protection of confidential information, including disclosures to recipients outside the company. The Dubai Financial Services Authority (DFSA) announced the action on Wednesday, saying the credit rating agency had breached rules requiring adequate systems and controls to protect sensitive data and prevent […]

Swedish technology startup Strawberry has released version 1.0 of its artificial intelligence browser, moving beyond beta testing with a product designed to help employees automate work without writing code. The Stockholm company announced the launch on 26 October, positioning its browser as an alternative to established American AI platforms, including OpenAI’s ChatGPT, Anthropic’s Claude and Google’s Gemini. Its software places AI assistants directly alongside websites and business […]

Autistic children show substantially different patterns of brain activity when viewing human faces, with neural responses developing differently from those of neurotypical children, according to a large study that could reshape scientific understanding of facial recognition and social perception in autism. Researchers at Yale School of Medicine found that brain signals associated with recognising faces become increasingly specialised as neurotypical children grow older, while comparable changes are […]

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The Kerala Cabinet on Wednesday ordered a vigilance investigation into alleged irregularities in the Kerala Infrastructure Investment Fund Board (KIIFB), bringing its land acquisition transactions and appointments under scrutiny despite strong opposition from the Left Democratic Front (LDF). The decision follows the f…
The Kerala High Court on Wednesday declined to suspend the state government’s notification exempting two sections of the Vigilance and Anti-Corruption Bureau (VACB) from the Right to Information Act, while directing authorities to explain the scope of the exemption within three weeks. A Division Bench comprising Chief…
Kerala Public Service Commission chairman M R Baiju appeared before the Crime Branch in Thiruvananthapuram on Wednesday for questioning over alleged irregularities in a State Planning Board recruitment examination. The special investigation team, headed by Inspector General Ajeetha Begum, summoned Baiju to clarify dec…

Blockchain security company SlowMist has uncovered malicious JavaScript associated with Udesk customer-service software that can capture website visitors’ login information and replace cryptocurrency deposit addresses, potentially exposing accounts and diverting transfers. The company disclosed its findings on 27 October after examining two JavaScript samples obtained during routine threat monitoring. Its investigation identified separate mechanisms for collecting sensitive browser data and manipulating payment destinations on three cryptocurrency trading […]

Robinhood Markets will introduce Ripple’s dollar-backed RLUSD stablecoin to its retail trading app later this year, expanding an institutional partnership despite its involvement in a competing digital dollar, USDG. The companies announced on Tuesday that RLUSD was already available on Robinhood Chain and Bitstamp, the cryptocurrency exchange owned by Robinhood. They also outlined plans to use the token for institutional settlement through the XRP Ledger, alongside arrangements […]

By Ashok Nilakantan Ayers NEW YORK: India’s digital media industry has taken an unusually significant step in challenging Prime Minister Narendra Modi’s government. Twenty-one major news publishers, including media organisations owned by Mukesh Ambani and Gautam Adani, have approached the Supreme Court, arguing that India’s digital privacy legislation could undermine investigative journalism, compromise confidential sources […]

The article Indian Digital Media Challenging Modi Govt’s Privacy Law In Supreme Court Is A Major Step appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Brazilian companies sharply increased trading in dollar-backed stablecoins during Sunday’s presidential election, seeking protection against currency volatility as the country’s conventional financial markets remained closed. Corporate accounts accounted for 78% of trading volume on cryptocurrency exchange Mercado Bitcoin on 25 October, when President Luiz Inácio Lula da Silva defeated challenger Flávio Bolsonaro. Turnover in Tether’s dollar-pegged USDT token jumped nearly 800% compared with the preceding Sunday, while […]

Arabian Post Staff -Dubai Saudi Arabia has opened a two-month window for eligible Yemeni workers without valid residency status to regularise their employment and transfer to new employers through government digital platforms. The Ministry of Human Resources and Social Development said the programme, launched on 11 October, covers Yemeni nationals whose residence permits have expired and those recorded as absent from work. Applicants must hold valid travel […]

Datavault AI shares lost almost half their value after the Nasdaq-listed company disclosed that it could not withdraw bitcoin held through Biconomy and would revise financial statements covering several reporting periods. The stock closed Tuesday at $0.067, down 49.55%, with approximately 244 million shares changing hands. The sell-off followed an October 26 regulatory filing detailing accounting errors linked to a $150 million share purchase agreement with Scilex […]

China could become the global leader in advanced artificial intelligence models by 2030 while matching or challenging other countries across strategically important technologies, according to a new assessment by Bloomberg Intelligence.

The forecast identifies large language models, which underpin generative AI applications, as an area where China is particularly well positioned to establish leadership. It also anticipates that Chinese companies and research institutions will become at least competitive across other critical technology sectors, potentially reshaping the balance of technological capabilities between Beijing and Washington.

The assessment comes as Chinese AI developers narrow the performance gap with American competitors despite restrictions on access to advanced semiconductors. Improvements in model efficiency, expanding domestic computing infrastructure and competitive pricing have strengthened China’s position in the global market.

Bloomberg Intelligence senior analyst Robert Lea identified a sharp improvement in Chinese model performance earlier this month. Leading Chinese systems trailed their American counterparts by approximately 3% on benchmark scores, compared with around 9% in May and 15% earlier this year.

That narrowing gap followed the September introduction of DeepSeek’s V4.1 Flash model, which demonstrated further advances in reasoning and computational efficiency. The findings suggest that restrictions on sophisticated American chips have not prevented Chinese developers from improving their systems.

The projections nevertheless remain conditional on technological progress, investment and commercial adoption over the next four years. Competitive performance in individual benchmarks does not necessarily establish overall leadership, particularly when computing capacity, profitability and enterprise deployment are considered.

China’s expanding capabilities are already influencing international adoption patterns. Models developed by DeepSeek, Alibaba and Moonshot AI have attracted developers seeking alternatives to comparatively expensive proprietary systems offered by American technology companies.

Data from OpenRouter, a platform providing access to multiple AI models, showed Chinese systems gaining substantial shares of usage during 2026. However, the figures represent activity through that platform rather than the entire global market, where direct subscriptions and enterprise contracts remain significant.

Chinese developers have also benefited from distributing models with openly available weights, allowing businesses and programmers to customise systems without depending entirely on proprietary services. This approach has encouraged international experimentation and strengthened adoption among cost-conscious users.

American companies retain important advantages, particularly in advanced semiconductor access, large-scale computing infrastructure and commercial relationships with enterprise customers. OpenAI, Anthropic and Google continue investing heavily in frontier models and the infrastructure required to train increasingly sophisticated systems.

Financial performance illustrates the distinction between technological competitiveness and commercial success. Anthropic disclosed revenue of $16.3 billion for the first half of 2026, compared with $1.2 billion during the corresponding period a year earlier, reflecting strong demand for its enterprise services.

Chinese developers face greater pressure on pricing, with intense domestic competition limiting opportunities to convert growing usage into sustainable earnings. Lower-cost models can accelerate adoption while simultaneously reducing margins available to finance future development.

Semiconductor manufacturing remains another constraint. Washington’s export controls restrict Chinese access to certain advanced processors and manufacturing equipment, although domestic suppliers including Huawei are developing alternatives intended to support national computing requirements.

China’s response increasingly combines domestic chip development with software optimisation. Researchers have demonstrated that improvements in training methods, architecture and inference efficiency can reduce dependence on the most powerful available hardware.

Beijing is also pursuing greater integration between artificial intelligence and telecommunications infrastructure. A three-year programme issued by the Ministry of Industry and Information Technology in June established targets for autonomous networks, computing access and specialised AI applications through 2028.

The programme envisages significant breakthroughs in core technologies by 2030, alongside improved coordination between communications networks, computing resources and intelligent services. Its objectives complement broader efforts to establish domestic technological capabilities.

Regulatory developments could influence the international availability of Chinese technology. Authorities proposed export restrictions this month covering 23 categories of AI technology, including language models, autonomous agents, chip designs and computing clusters.

The draft measures would potentially subject transfers of certain model weights, source code and advanced technologies to government approval. Their final scope and implementation remain undetermined.

China’s Ministry of Commerce has presented the proposals as part of a wider effort to regulate strategically sensitive technology transfers. The consultation also covers technologies beyond artificial intelligence, reflecting the government’s expanding attention to intellectual property and national security.

For overseas developers using Chinese models, the eventual rules could affect access to advanced systems and associated technical resources, depending on the restrictions adopted and the thresholds applied to particular technologies.

Peru’s exports are projected to reach $110.794 billion by the end of 2026, an increase of 21.16% over the previous year, as higher mineral prices and strong international demand lift the country’s overseas sales. The Lima Chamber of Commerce released the forecast based on estimates prepared by its Institute for Foreign Trade Research and Development (Idexcam), identifying mining as the principal contributor to the anticipated expansion. The […]

South Korean cryptocurrency exchange Bithumb has confirmed a cyberattack on its internal employee communications system, exposing personal information and prompting an investigation into whether customer data was compromised. The exchange discovered unauthorised access to its mobile groupware system on Tuesday and disclosed the incident on Wednesday, as financial regulators examined separate security breaches at brokerage Daishin Securities and asset manager Mirae Asset Global Investments. Bithumb said the […]

General Motors will transfer its stock market listing from the New York Stock Exchange to Nasdaq on November 17, aligning its market identity with an expanding emphasis on artificial intelligence, autonomous driving and software-driven vehicles. The Detroit-based automaker announced the decision on Tuesday, confirming that its shares will continue trading on the NYSE until November 16 before moving to the Nasdaq Global Select Market. The company will […]

Arabian Post Staff -Dubai Dubai-based ENOC Group has extended its aviation technical services agreement with Indonesia’s PT Pertamina Patra Niaga for another three years, maintaining cooperation on aircraft refuelling safety, fuel quality and operational standards at Indonesian aviation facilities. The renewed agreement, announced on Tuesday, covers annual inspections, technical guidance, operational assistance and specialised training. It builds on a three-year arrangement established in 2023 and a commercial […]

Brazilian senator Flávio Bolsonaro has left the country for the United States after losing the presidential election and failing to surrender his passports under a Supreme Court order linked to a money-laundering investigation. The US State Department confirmed on Tuesday that Bolsonaro and his family would receive visas permitting their entry into the United States. His departure followed Sunday’s unexpected electoral defeat by President Luiz Inácio Lula […]

ISC2 plans to convene its new Cyber-AI Workforce Coalition in November, with initial employment toolkits targeted for spring 2027 as artificial intelligence reshapes cybersecurity jobs and recruitment. Chief executive Scott Beale outlined the timetable during the organisation’s Security Congress in Denver on 26 October, saying the coalition would bring employers, technology companies and workforce specialists together to establish clearer descriptions of emerging security roles. Some companies could […]

Kerala’s proposed cooperative sector airline will reach another milestone on Wednesday when its promoters formally hand over the venture’s registration certificate and bylaws to the state government in Thiruvananthapuram. The proposed airline, tentatively named Co-Keralam, is being developed through the Keralam Civil…
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