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South Korea Floats 'Citizen Dividend' Using AI Profits

4 days 3 hours ago
South Korea's presidential policy chief is calling for a "citizen dividend" that would return some AI-driven profits and tax revenue to the public. The Straits Times. From the report: Presidential policy chief Kim Yong-beom said in a Facebook post that a portion of the profits and tax revenue derived from the artificial intelligence boom "should be structurally returned to all citizens." That is because, Mr Kim argued, the economic gains from AI are based at least partly on industrial infrastructure built by the country over five decades. Mr Kim's comments come after tens of thousands of people gathered outside Samsung's main chip hub in April to demand employees get a greater share of AI profits. The company's labour union wants 15 per cent of operating profit handed to chip-division employees. The union has threatened an 18-day strike starting May 21. Workers have pointed to rising payouts at SK Hynix, which in 2025 agreed to allocate 10 per cent of its annual operating profit to a performance bonus pool, as evidence they deserve more pay. "Excess profits in the AI era are, by nature, concentrated," Mr Kim wrote. Memory companies, core engineers and asset holders are highly likely to receive substantial benefits, while much of the middle class may experience only indirect effects.

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Instructure Pays Canvas Hackers To Delete Students' Stolen Data

4 days 4 hours ago
Instructure, the company behind the widely used Canvas learning platform, says it reached an agreement with the hackers who stole 3.5 terabytes of student and university data. The company says it received "digital confirmation" that the information was destroyed and that affected schools and students would not be extorted. The BBC reports: Paying cyber criminals goes against the advice of law enforcement agencies around the world, as it can fuel further attacks and offers no guarantee the data has been deleted. In previous cases, criminals have accepted ransom payments but lied about destroying stolen data, instead keeping it for resale. For example, when the notorious LockBit ransomware group was hacked by the National Crime Agency, police found stolen data had not been deleted even after payments had been made. Instructure said in a statement on its website that protecting students' and education staff data was its primary motivation. "While there is never complete certainty when dealing with cyber criminals, we believe it was important to take every step within our control to give customers additional peace of mind, to the extent possible," the company said. Instructure did not set out the terms of the agreement but said that it meant that: - the data was returned to the company - it received "digital confirmation of data destruction" - it had been informed that no Instructure customers would be extorted as a result of the incident - the agreement covers all affected customers, with no need for individuals to engage with the hackers

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