18 Jul 2025, 12:00

Taiwanese tech firms to throttle China business over cyber threats, security concerns

Officials announced on Friday that Taiwan is imposing fresh restrictions on exports of domestically developed technology to several leading Chinese firms, citing national security concerns. In Taipei, Vice President Hsiao Bi‑khim acknowledged that talks between state authorities and private-sector players had been tough, as mentioned in a Bloomberg report. When asked about the blacklist of Chinese chip makers, she said, “This has been a very challenging conversation between governments and private businesses,” and added, “But we have generally aligned in understanding that ultimately, export control is to ensure that technology innovated, developed, and produced in Taiwan, is not used to compromise our security or to harm the safety and security of the Taiwanese people.” She noted Taiwan will coordinate with foreign partners to defend values central to its society. Government sources have stressed these measures form part of ongoing trade negotiations with the United States. In June, Taipei added Huawei Technologies Co . and its fabrication partner SMIC to its restricted‑entities list. Officials said the move aims to stop weapons from spreading and reduce other security threats. Under the updated regulations, local suppliers must obtain government authorization before engaging with any organization on the strategic high‑tech commodities list. Earlier this year, Bloomberg reported that a number of Taiwanese vendors were helping Huawei establish chip‑manufacturing sites in southern China, territory Beijing claims and has threatened to seize if peaceful reunification fails. Chinese cyber threats targeted Taiwan’s chip sector At the same time, Reuters reported, researchers at Proofpoint cautioned on Wednesday that China‑aligned hacking groups have intensified campaigns to infiltrate Taiwan’s semiconductor sector and the analysts who cover it. “We’ve seen entities that we hadn’t ever seen being targeted in the past being targeted,” said Mark Kelly, a threat researcher specializing in China‑related cyber operations. Proofpoint traced at least three separate China‑linked groups running campaigns between March and June, and warned some may still be active. These attacks happened as the U.S. tightened limits on American‑designed chips going to China, and as China scrambled to replace its shrinking stock of advanced U.S. parts, especially for AI. Although they declined to name specific victims, the analysts told Reuters that roughly 15–20 organizations, including small local suppliers, banking analysts in the U.S., and large multinationals, had been targeted. Major Taiwanese foundries such as TSMC, MediaTek, UMC, Nanya Technology, and RealTek were contacted. It remains unknown whether any breaches succeeded. In May, Taiwan’s AI exports jumped 38.6% year‑on‑year to $51.74 billion. That was the fastest pace in nearly 15 years and the first time exports exceeded $50 billion, the finance ministry said. Exports rose for the 19th month in a row, beating the 25% increase economists expected and April’s 29.9% rise. Companies like TSMC, the world’s biggest contract chipmaker, supply Nvidia, Apple and other major tech firms. The ministry said strong AI demand and buyers ordering early to avoid possible U.S. tariffs helped boost May exports. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More

18 Jul 2025, 11:30

Citigroup enhances FX risk management using AI

Citigroup has partnered with Singapore-based fintech firm Ant International to launch a pilot program that aims to enhance foreign exchange (FX) risk management using artificial intelligence. Ant International is an affiliate of China’s fintech giant Ant Group, founded by billionaire Jack Ma, providing global digital payment, digitization and financial technology with operations across Asia, Europe, the Middle East and Latin America. The pilot program was originally developed for aviation According to Citigroup and Ant International on Friday, the initiative integrates Citi’s Fixed FX Rates solution, which is already widely used by clients in sectors like e-commerce, with Ant International’s Falcon Time-Series Transformer (TST) model, an AI-powered forecasting tool with nearly 2 billion parameters and the ability to help businesses reduce hedging FX costs. The pilot program was originally developed to serve aviation clients, but it has shown great potential in the risk management sector. It has already been used in live transactions with major Asian airlines and the companies claim that it was able to reduce cost in the airline’s fixed FX hedging for online ticket sales. The pilot program was originally developed to serve aviation clients. Source: @Ant_Intl . The results are encouraging. Kelvin Li, general manager of Platform Tech at Ant International, said the achievement shows how cost efficiency can be achieved with AI-enabled FX hedging. He also expressed enthusiasm for the collaboration with Citi as it will help them reach more businesses and industries. The launch comes about half a year after Citi started its roll out of new AI tools for employees in eight countries, and providing the same level of access to 140,000 employees globally. Large banks have been using AI tools in more specific ways Since the AI boom started, various industries have gradually shifted to adapt to the new development, and the banking sector has not been left behind. According to reports, large banks are increasingly deploying AI tools for targeted applications to enhance efficiency, reduce costs, and improve decision-making. Good examples include Morgan Stanley with its chatbot which was created to aid financial advisors in interactions with clients, and Bank of America’s virtual assistant Erica, created to focus on the day-to-day transactions of retail clients, using it to flag suspicious activity with greater precision. JPMorgan Chase reportedly now uses AI for real-time risk assessment and regulatory compliance. It also operates the COiN platform, which reduces time spent on manual reviews by helping to analyze legal documents. HSBC has also taken to using AI to detect money laundering patterns, a move it claims has improved detection to 20% faster than legacy systems. Commentators believe this widespread adoption of AI in the financial industry is encouraged by the desire of the big banks to outdo each other and stay relevant. Regulatory support has also played a role in the adoption. In 2024, the Federal Reserve stated that AI could save the banking sector $80 billion annually by 2030. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

18 Jul 2025, 11:00

Crypto Hacks: Unprecedented Losses in H1 2025 Reveal Alarming Security Gaps

BitcoinWorld Crypto Hacks: Unprecedented Losses in H1 2025 Reveal Alarming Security Gaps The cryptocurrency world has been rocked by a truly staggering revelation: crypto hacks in the first half of 2025 have already surpassed the total losses recorded throughout all of 2024. This isn’t just a slight increase; it’s a dramatic surge, painting a grim picture for the state of digital asset security in the rapidly evolving Web3 landscape. The Alarming Scale of Crypto Hacks in H1 2025 According to a recent report by Bloomberg, citing data from leading blockchain intelligence firm Chainalysis, a colossal $2.17 billion has been siphoned off from various crypto services and individual wallets by June 2025. This figure is not just a statistic; it represents real losses for individuals and companies, underscoring the urgent need for enhanced blockchain security measures across the industry. What makes this figure particularly shocking is its comparison to previous years: H1 2025: $2.17 billion stolen Full Year 2024: Total losses were less than $2.17 billion (implied lower) This stark contrast highlights an accelerating trend of sophisticated cyberattacks targeting the burgeoning crypto ecosystem. The sheer volume of funds lost in just six months indicates that threat actors are becoming more aggressive, resourceful, and successful in their illicit activities. Understanding the Devastating Bybit Attack A significant portion of these unprecedented losses can be attributed to a single, record-breaking incident: the staggering $1.5 billion Bybit attack that occurred in February 2025. This incident alone accounts for nearly 70% of the total funds stolen in the first half of the year, making it one of the largest cryptocurrency heists in history. While details surrounding the Bybit incident are still emerging, the scale of the theft sends a chilling message to both centralized exchanges (CEXs) and decentralized protocols (DeFi). It underscores that even major players with significant resources can fall victim to highly coordinated and sophisticated cyber campaigns. The implications for user trust and platform integrity are profound. Who is Behind These Attacks? The Shadowy Lazarus Group The finger of blame for the massive Bybit breach, and many other high-profile crypto heists, often points to North Korea’s notorious Lazarus Group . This state-sponsored hacking collective has long been identified as a major player in the world of crypto cybercrime, allegedly using stolen funds to finance the regime’s illicit weapons programs. The Lazarus Group’s tactics are known for their sophistication and persistence. They often employ a mix of: Social Engineering: Phishing campaigns targeting employees with access to critical systems. Supply Chain Attacks: Compromising software or services used by crypto firms. Zero-Day Exploits: Leveraging previously unknown vulnerabilities in software. Malware Deployment: Installing malicious software to gain control over systems. Their ability to execute multi-stage attacks, combined with seemingly unlimited resources, makes them an incredibly formidable adversary. Their continued success poses a significant challenge to global law enforcement and the crypto industry’s efforts to bolster blockchain security . Why Are Crypto Assets Still So Vulnerable? Bolstering Digital Asset Security Despite continuous advancements in security technologies, why do crypto hacks continue to plague the industry? Several factors contribute to the ongoing vulnerability of digital assets: Rapid Innovation vs. Security Maturity: The pace of innovation in crypto and Web3 often outstrips the development and implementation of robust security protocols. New protocols, smart contracts, and applications emerge constantly, each potentially introducing new attack vectors. Complexity of Smart Contracts: Bugs or logical flaws in smart contract code can be exploited for massive losses. Audits are crucial but not foolproof. Human Element: Phishing, social engineering, and insider threats remain potent vectors for breaches, regardless of technological safeguards. Decentralization Challenges: While decentralization offers benefits, it can also complicate incident response and recovery, as there isn’t a central authority to halt or reverse transactions easily. Anonymity and Global Reach: The pseudonymous nature of crypto transactions and the global reach of the internet make it challenging to trace and recover stolen funds, and to apprehend perpetrators like the Lazarus Group . Improving digital asset security requires a multi-pronged approach, encompassing technological safeguards, stringent operational procedures, and continuous education for both users and developers. Actionable Insights: How Can You Protect Your Digital Assets? Given the alarming rise in crypto hacks , what steps can individuals and platforms take to safeguard their investments and infrastructure? For Individuals: Use Hardware Wallets: For significant holdings, hardware wallets (e.g., Ledger, Trezor) offer the best protection against online threats. Enable 2FA (Two-Factor Authentication): Always use strong 2FA (preferably authenticator apps, not SMS) on all your crypto accounts. Be Wary of Phishing: Double-check URLs, emails, and messages. Never click suspicious links or download attachments from unknown sources. Diversify Holdings: Don’t keep all your assets on a single exchange or in one wallet. Educate Yourself: Stay informed about common scams and security best practices. Regularly Review Permissions: For DeFi users, regularly review and revoke unnecessary smart contract permissions. For Platforms (Exchanges, DeFi Protocols): Conduct Regular Security Audits: Comprehensive third-party audits of smart contracts and infrastructure are non-negotiable. Implement Multi-Signature Wallets: Require multiple approvals for large transactions. Enhance Intrusion Detection Systems: Proactive monitoring for suspicious activities. Employee Training: Regular training on cybersecurity best practices and social engineering awareness. Incident Response Plan: A well-defined plan for rapid detection, containment, and recovery in case of a breach. Bug Bounty Programs: Incentivize ethical hackers to find and report vulnerabilities. The Bybit attack serves as a stark reminder that even the most robust systems can be breached, emphasizing the need for continuous vigilance and adaptation in blockchain security . The Road Ahead: Rebuilding Trust and Strengthening Blockchain Security The first half of 2025 has been a sobering period for the cryptocurrency industry, highlighting the persistent and evolving threat of crypto hacks . While the sheer volume of stolen funds is concerning, it also serves as a powerful catalyst for change. The industry must collectively redouble its efforts to fortify digital asset security . This includes: Collaboration: Sharing threat intelligence among exchanges, security firms, and law enforcement. Innovation in Security: Developing more resilient cryptographic solutions, formal verification methods for smart contracts, and AI-powered threat detection. Regulatory Clarity: Clear regulations can help establish security standards and foster accountability, potentially deterring groups like the Lazarus Group . User Empowerment: Continuing to educate users on best practices, shifting some responsibility for security back to the individual where appropriate. The future of crypto hinges on its ability to provide a secure and trustworthy environment for users. Only by addressing these profound security challenges head-on can the industry truly achieve its potential and regain the confidence shaken by these massive breaches. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain security and institutional adoption. This post Crypto Hacks: Unprecedented Losses in H1 2025 Reveal Alarming Security Gaps first appeared on BitcoinWorld and is written by Editorial Team

18 Jul 2025, 11:00

Urgent Binance Warning: Safeguarding Your Digital Assets from Deceptive Trusta.AI Phishing Links

BitcoinWorld Urgent Binance Warning: Safeguarding Your Digital Assets from Deceptive Trusta.AI Phishing Links In the fast-paced world of cryptocurrency, where innovation meets investment, the need for robust security has never been more critical. As digital assets become increasingly integrated into our daily lives, so too do the sophisticated threats designed to compromise them. Recently, a significant Binance warning has echoed through the crypto community, highlighting a crucial vulnerability that every user must be aware of: deceptive links masquerading as legitimate platforms. Understanding the Urgent Binance Warning: What You Need to Know Binance, one of the world’s leading cryptocurrency exchanges, recently took to X (formerly Twitter) to issue a vital alert. The core of their message was clear and unequivocal: users must exercise extreme caution when encountering links related to Trusta.AI. This platform, which is an integral feature on both Binance Alpha and Binance Futures, has been targeted by malicious actors. The official and only legitimate website for Trusta.AI is trustalabs.ai . Why is this Binance warning so important? Because scammers are actively creating and promoting unaffiliated, potentially fake websites that mimic the legitimate Trusta.AI platform. These fake sites are designed with one primary goal: to trick unsuspecting users into divulging sensitive information, such as login credentials, private keys, or even directly sending funds to attacker-controlled wallets. The consequence of falling for such a trap can be devastating, leading to the irreversible loss of your valuable digital assets. The Rising Threat of Crypto Phishing: Why Vigilance is Key for Trusta.AI Security The incident with Trusta.AI is a stark reminder of the pervasive threat of crypto phishing . Phishing is a cybercrime in which a target or targets are contacted by email, telephone, or text message by someone posing as a legitimate institution to lure individuals into providing sensitive data such as personally identifiable information, banking, and credit card details, and passwords. In the crypto space, this often involves: Fake Websites: Mirroring legitimate exchange or dApp interfaces with slight URL variations. Malicious Links: Sent via email, social media, or messaging apps, designed to trick users into clicking. Impersonation: Scammers pretending to be official support, team members, or even well-known figures in the crypto community. The challenge for Trusta.AI security , and indeed for any crypto platform, lies in the user’s ability to discern authenticity. Scammers are becoming increasingly sophisticated, using advanced techniques to make their fake sites look incredibly convincing. They might use similar logos, brand colors, and even replicate complex functionalities. This makes it incredibly difficult for an untrained eye to spot the difference, underscoring why every crypto holder must develop a keen sense of skepticism and verification. Essential Online Safety Tips: Protecting Your Digital Assets Navigating the digital landscape requires a proactive approach to online safety . Here are actionable insights and best practices to protect your valuable digital asset protection from phishing attempts and other cyber threats: 1. Always Verify the URL: Your First Line of Defense This is perhaps the most crucial step. Before interacting with any website, especially those requiring login credentials or wallet connections, meticulously check the URL. For Trusta.AI, remember: trustalabs.ai is the only official address. Scammers often use subtle variations like: trustaa.ai trusta-ai.com trustalabs.co Misspellings or extra characters. Always type the URL directly into your browser or use a trusted bookmark. Never click on links from unsolicited emails, social media posts, or chat messages, no matter how convincing they appear. 2. Look for HTTPS and the Padlock Icon Ensure the website uses HTTPS (Hypertext Transfer Protocol Secure) and displays a padlock icon in your browser’s address bar. While this indicates an encrypted connection, it’s not a foolproof guarantee of legitimacy, as even phishing sites can obtain SSL certificates. However, its absence is a definite red flag. 3. Enable Two-Factor Authentication (2FA) Everywhere 2FA adds an extra layer of security beyond just a password. Even if a phisher manages to get your password, they won’t be able to access your account without the second factor (e.g., a code from your phone via an authenticator app like Google Authenticator or Authy, or a hardware key like YubiKey). Enable 2FA on your exchange accounts, email, and any other critical services. 4. Use Strong, Unique Passwords Never reuse passwords across different platforms. Use a strong, complex password that combines uppercase and lowercase letters, numbers, and symbols for each account. Consider using a reputable password manager to generate and store these securely. 5. Be Wary of Urgent or Emotional Language Phishing attempts often employ scare tactics or create a sense of urgency (e.g., ‘Your account will be suspended if you don’t act now!’). Be skeptical of any communication that pressures you to take immediate action without proper verification. 6. Keep Your Software Updated Regularly update your operating system, web browser, antivirus software, and any crypto-related applications. Updates often include critical security patches that protect against known vulnerabilities. 7. Consider Hardware Wallets for Cold Storage For significant amounts of crypto, a hardware wallet (like Ledger or Trezor) offers the highest level of security. These devices keep your private keys offline, making them immune to online phishing attacks. Actionable Steps: How to Verify Official Sources and Avoid Fake Crypto Sites The best defense against fake crypto sites is a disciplined approach to source verification. Here’s how you can proactively protect yourself: Bookmark Official Sites: Once you’ve confirmed a website’s legitimacy (e.g., Binance, Trusta.AI), bookmark it. Always access the site through your bookmark, not through search engine results or external links. Official Announcements: Rely solely on official announcements from Binance’s verified social media channels (like their official X account with the blue checkmark), their official blog, or directly on the Binance website. If you see a warning or announcement elsewhere, cross-reference it with these official sources. Direct Communication: If you receive a suspicious email or message claiming to be from Binance or Trusta.AI, do not click any links. Instead, open your browser, type the official website address directly, and log in to check for any notifications or messages within your account. Report Suspicious Activity: If you encounter a fake link or suspect a phishing attempt, report it immediately to Binance’s security team. This helps them take action and protect other users. The responsibility for digital asset protection ultimately rests with the user. While exchanges like Binance implement robust security measures, the human element remains the most common vulnerability. A single click on a deceptive link can undo years of careful accumulation and investment. Conclusion: Vigilance is Your Strongest Shield The recent Binance warning about fake Trusta.AI links serves as a potent reminder that the cryptocurrency space, while offering immense opportunities, is also a constant battleground against malicious actors. The threat of crypto phishing is ever-present, and scammers are relentlessly adapting their tactics. By internalizing essential online safety practices, meticulously verifying URLs, and maintaining a high degree of skepticism, you can significantly enhance your Trusta.AI security and overall digital asset protection . Stay informed, stay vigilant, and always prioritize your security above all else. Your financial future in the crypto world depends on it. Frequently Asked Questions (FAQs) Q1: What exactly is the Binance warning about Trusta.AI? A1: Binance has warned users about fake websites impersonating Trusta.AI, a legitimate feature on Binance Alpha and Binance Futures. The only official website is trustalabs.ai . Users are urged to carefully check URLs to avoid falling victim to phishing scams. Q2: How can I ensure Trusta.AI security when accessing the platform? A2: To ensure Trusta.AI security, always type trustalabs.ai directly into your browser or use a trusted bookmark. Never click on links from emails, social media, or unofficial messages. Verify the URL meticulously before entering any credentials. Q3: What are the common signs of a crypto phishing website? A3: Common signs include subtle misspellings in the URL, unusual domain extensions (e.g., .co instead of .com or .ai), a lack of HTTPS or a padlock icon (though some fake sites have these), requests for unusual information, and a sense of urgency in accompanying messages. Q4: Besides checking URLs, what are key online safety tips for digital asset protection? A4: Beyond URL verification, crucial online safety tips include enabling Two-Factor Authentication (2FA) on all accounts, using strong and unique passwords, being wary of unsolicited communications, keeping all software updated, and considering hardware wallets for significant crypto holdings. Q5: What should I do if I suspect I’ve encountered a fake crypto site or a phishing attempt? A5: Do not interact with the suspicious site. Close the tab immediately. If you clicked a link, do not enter any information. Report the incident to Binance’s security team or the relevant platform. If you accidentally entered credentials, change your passwords immediately on legitimate sites and enable 2FA if you haven’t already. To learn more about the latest crypto market trends and essential security practices, explore our article on key developments shaping digital asset protection in the evolving blockchain landscape. If you found this article helpful, please consider sharing it with your friends and fellow crypto enthusiasts on social media. Your share can help raise awareness and protect others from falling victim to deceptive phishing scams. Let’s build a safer crypto community together! This post Urgent Binance Warning: Safeguarding Your Digital Assets from Deceptive Trusta.AI Phishing Links first appeared on BitcoinWorld and is written by Editorial Team

18 Jul 2025, 10:08

Why Bitcoin will outperform the S&P 500, according to Michael Saylor

Michael Saylor of Strategy (NASDAQ: MSTR ), formerly known as MicroStrategy, believes Bitcoin ( BTC ) will outperform the S&P 500 (SPY) by 6-8% annually. In a recent interview , Saylor outlined annual targets of 12% for the S&P 500 and 18-20% for Bitcoin. His reasoning is straightforward: Bitcoin doesn’t have the counterparty risk of corporate structures or currency exposure that plagues traditional stocks. “Bitcoin is pure capital,” Saylor stated, noting it faces no tariff or supply chain issues, management problems, or political risks that burden S&P 500 companies. Strategy price analysis MicroStrategy’s Bitcoin strategy has paid off spectacularly. In fact, the company just closed at an all-time high market capitalization. The stock has climbed 22.30% over the past month, closing Thursday at $451.34, up 50.44% year-to-date. $MSTR just closed at an all-time high market cap. pic.twitter.com/2MtLBczzzu — Michael Saylor (@saylor) July 16, 2025 Meanwhile, Bitcoin has surged 10% over the past month, hitting new highs of $122,884 on Monday before pulling back to $118,583. Strategy announced in a Monday SEC filing that they acquired 4,225 Bitcoin for $472.5 million last week, continuing their aggressive accumulation. Will Strategy join the S&P 500? Strive Funds Bitcoin Strategy Vice President Jeff Walton announced on X that it’s the 12th day of the Strategy qualifying for S&P 500 inclusion. This milestone comes as the company has transformed from a software firm into what many consider a Bitcoin proxy investment. Strategy tracking day 346 $MSTR now ranked 83rd largest US company by market cap ($127.2B) Fell 3 companies today. Between two companies that sell lawn mowers. Day 12 of qualifying for S&P 500 21st largest publicly traded equity by volume (this metric has gotten more volatile… https://t.co/oUrV7QhAN5 pic.twitter.com/pXtMlLwxFt — Jeff Walton (@PunterJeff) July 18, 2025 The key breakthrough came from a Financial Accounting Standards Board rule change that allowed firms to record digital assets at fair value, finally enabling MicroStrategy to meet the profitability criteria that had been blocking S&P 500 inclusion. Walton estimated the company will report a $14 billion profit in Q2, translating to roughly $11 billion in net profit over the past 12 months. However, qualifying doesn’t guarantee inclusion; the S&P 500 committee still has complete discretion and some analysts argue the firm now operates more like a closed-end fund than an operating business. Strategy will release its latest earnings report on July 31 after the market close. The company has reported net losses for the past three quarters, although investors seem to be focused on Bitcoin’s appreciation rather than traditional software metrics. Featured image via Shutterstock. The post Why Bitcoin will outperform the S&P 500, according to Michael Saylor appeared first on Finbold .

18 Jul 2025, 09:57

Trump is expected to announce better policy guidelines for AI

President Donald Trump is expected to loosen regulations around artificial intelligence as he announces policy guidelines for the sector. He is also expected to call for expanding energy sources for data centers. The U.S. government is scheduled to establish the AI Action Plan in the coming days. Trump is also expected to provide more details on AI policy on July 23 during an event hosted by the tech consortium Hill and Valley Forum and the All-In podcast. Trump wants the U.S. to lead in artificial intelligence The proposal will not focus much on a sweeping vision of the long-term effects of AI, but will be limited to actions of the Executive Office of the President. The policy will be the most significant policy directive in the AI industry, showing the Trump administration’s efforts to position the U.S. as a global hub for artificial intelligence. Trump revoked some existing AI policies and directives from the Biden era that limited U.S. AI innovation. The Trump administration has revealed plans to reduce regulatory barriers in the AI industry, while promoting AI adoption and innovation in the country. The U.S. Senate removed the AI moratorium provision from Trump’s Tax Bill earlier this month through a 99-1 vote. The sweeping tax would have restricted states from regulating AI, but the tech industry is focused on reducing such laws nationwide. The White House Office of Science and Technology Policy will reportedly lead the plan, which will be deployed in a nationwide promotional campaign. Many believe the proposal would highlight the administration’s goals of supporting infrastructure by simplifying environmental standards in the National Environmental Policy Act. They also revealed that the President would not include guidance on strengthening power grids in the plan. The proposal would also include security measures to prevent foreign adversaries from accessing the U.S. AI technology by establishing global AI partnerships. It also revealed a collaboration between the U.S. International Development Finance Corporation and the Export-Import Bank to advance Trump’s export promotion orders to support global U.S. hardware and software deployment. Conservatives have condemned the Export-Import Bank, arguing it’s a tool to bail out big corporations. Some argued that the senior White House policy adviser AI and crypto czar, David Sacks, and the senior White House policy adviser on AI, Sriram Krishnan, will spearhead a third executive order that calls for all large language models procured by the government not to be biased. The initiative follows Trump’s directive earlier this year to develop a framework that will enhance global AI dominance in the country. The President also awaits signing a flurry of executive orders to establish some of the policies included in the plan. Trump advances other AI and energy plans The announcement also champions other efforts by industry players to forge international partnerships in pursuit of advancing in the sector. The administration revealed earlier this year a $500 billion investment collaboration by OpenAI and SoftBank to establish more AI infrastructure in the U.S. Many firms condemned what they saw as a limiting approach to AI under President Joe Biden. The President also announced earlier this week in the inaugural Pennsylvania energy and innovation summit plans to invest roughly $70 billion to construct more AI data centers in Pennsylvania. Senator Dave McCormick argued that the proposal would boost the local economy, acknowledging that Trump had kept his promise to serve the people of Pittsburgh. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage