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Trump Orders Creation of US Sovereign Wealth Fund, Says It Could Buy TikTok

3 months 1 week ago
U.S. President Donald Trump signed an executive order on Monday ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund and said it may purchase TikTok. From a report: "We're going to stand this thing up within the next 12 months. We're going to monetize the asset side of the U.S. balance sheet for the American people," Treasury Secretary Scott Bessent told reporters. "There'll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people." Trump had previously floated such a government investment vehicle as a presidential candidate, saying it could fund "great national endeavors" like infrastructure projects such as highways and airports, manufacturing, and medical research. Details on how exactly the fund would operate and be financed were not immediately available, but Trump previously said it could be funded by "tariffs and other intelligent things." Typically such funds rely on a country's budget surplus to make investments, but the U.S. operates at a deficit.

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Singapore says Nvidia's astounding local sales don't mean it's the source of DeepSeek's GPUs

3 months 1 week ago
PLUS: Chinese bus lanes put Tesla in a tangle; India drops electronics tariffs; Samsung worries about soft demand

Asia In Brief  Nvidia’s quarterly results occasionally raise eyebrows because they report that Singapore is a disproportionately large market for its wares. In a Q3 2025 filing [PDF], for example, the accelerator colossus revealed that Singapore is its second-largest market and accounted for 22 percent of revenue.…

Simon Sharwood

Anthropic Makes 'Jailbreak' Advance To Stop AI Models Producing Harmful Results

3 months 1 week ago
AI startup Anthropic has demonstrated a new technique to prevent users from eliciting harmful content from its models, as leading tech groups including Microsoft and Meta race to find ways that protect against dangers posed by the cutting-edge technology. From a report: In a paper released on Monday, the San Francisco-based startup outlined a new system called "constitutional classifiers." It is a model that acts as a protective layer on top of large language models such as the one that powers Anthropic's Claude chatbot, which can monitor both inputs and outputs for harmful content. The development by Anthropic, which is in talks to raise $2 billion at a $60 billion valuation, comes amid growing industry concern over "jailbreaking" -- attempts to manipulate AI models into generating illegal or dangerous information, such as producing instructions to build chemical weapons. Other companies are also racing to deploy measures to protect against the practice, in moves that could help them avoid regulatory scrutiny while convincing businesses to adopt AI models safely. Microsoft introduced "prompt shields" last March, while Meta introduced a prompt guard model in July last year, which researchers swiftly found ways to bypass but have since been fixed.

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