Information Technology · Monday, 2 November 2026
South Korea's record 2027 budget nearly doubles spending on AI chips and data centres to 21.3 trillion won, and puts 4.7 trillion won into a national AI model
Signals on this beat
The bar and the word are our reading of how hard each one is pushing, and the arrow is where it is heading.
- South Korea set aside 4.7 trillion won for a national AI model.
[1] - India proposed letting AI makers train only inside Indian data exchanges.
[8] - The US Defense Department is talking to Google about guarding a missile shield's data.
[10]
- A developer used Claude to make free copies of Adobe's Photoshop and other apps.
[21] - Shops on Temu and Shein sell 'Aboriginal' designs, mostly with no artist named.
[22] - DeepSeek, a Chinese lab, gave away a coding agent aimed at Anthropic's paid tool.
[6]
- A police chief in Plymouth, Minnesota, had staff unplug Flock's number-plate cameras.
[11] - JPMorgan Chase and Amazon block AI agents sent by their own customers.
[25] - OpenAI is planning a new name for data centres because they are so unpopular.
[19]
- South Korea's defence budget rises 8.2%, with more AI, robots and drones.
[1] - Taiwan simulated two fleets of 10 drones flying with no pilot.
[24] - Golden Dome, a planned US missile shield, is estimated at $185 billion.
[10]
The stories
19 stories on this beat today.
Every story told the same way: what happened, who is involved, why it matters, how it works, the truth and the good news.
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01
South Korea's record 2027 budget nearly doubles spending on AI chips and data centres to 21.3 trillion won, and puts 4.7 trillion won into a national AI model
820.9 trillion won
South Korea's planned government spending for 2027
up 12.8%, the biggest budget the country has ever had
[1] 21.3 trillion won
for chips, AI-run machines and AI data centres
nearly double the 2026 level
[1] 4.7 trillion won
for a national AI model, on top of that
Lee wants it to have the world's highest performance
[1] What happened
-
South Korea's president, Lee Jae Myung, presented the country's biggest budget ever on Monday.
[1] -
It would raise government spending in 2027 by 12.8%, to 820.9 trillion won, about $610 billion.
[1] -
Of that, 21.3 trillion won goes to chips, AI that runs machines, and AI data centres.
[1] -
That is nearly double the 2026 amount.
[1] -
A separate 4.7 trillion won will pay for a 'sovereign' AI model, meaning a national one.
[1] -
Lee said the model should have the "world's highest performance".
[1] -
Defence spending would rise 8.2% to 73.3 trillion won, with more AI, robots and drones.
[1] -
The plan also trains 2,000 specialists to design chips.
[1] -
Universities already run company-linked degrees that lead to jobs at Samsung Electronics and SK Hynix.
[1] -
Those two firms make memory chips, which AI data centres buy in huge numbers.
[3] [4] -
Chip sales abroad helped push South Korea's exports to a record $115.3 billion in October.
[1] -
Samsung made 107 trillion won of operating profit from July to September.
[5] -
More than 99% of that profit came from selling chips.
[5] -
SK Hynix expects memory to stay short of demand until at least 2030.
[4] -
Sam Altman, who runs ChatGPT's maker OpenAI, met about 50 Samsung executives on Saturday.
[2] -
Korean media say he also lunched with SK Group's chairman, Chey Tae-won, that day.
[2] -
SK Hynix told CNBC it could not confirm the meeting.
[2] -
Before the meeting, Samsung's leaders had taken a hands-on course in using AI.
[3]
Who is involved
- Lee Jae Myung South Korea's president; he presented the record budget to parliament
- Sam Altman chief executive of OpenAI, which makes ChatGPT; he met Samsung and SK leaders on Saturday
- About 50 Samsung executives
- Chey Tae-won chairman of SK Group
- Samsung
- SK Hynix a South Korean memory-chip maker; it expects shortages until 2030
- Samsung Electronics South Korea's biggest chip maker; nearly all of its profit now comes from chips
How it unfolded
- Now memory in short supply
- 2030 still short, SK Hynix expects
-
Oct 2025
OpenAI signs memory-chip deals with Samsung and SK
[2] -
28 Oct
SK Hynix says memory stays short until 2030
[4] -
Sat 31 Oct
Altman meets Samsung and SK leaders
[2] -
Mon 2 Nov
Lee presents the 2027 budget
[1]
Why it matters
South Korea's fast growth rests largely on selling chips for AI.
[1] The budget puts more public money behind that one industry.
[1] How it works
Economists call this industrial policy: a government steering money into industries it picks.
[1] The truth
-
What is really going on
South Korea will spend 21.3 trillion won of public money on chips, AI-run machines and AI data centres, and 4.7 trillion won on a national AI model, while its two chip makers already earn record sums from AI memory.
[1] [4] [5] - Samsung and SK Hynix gain: the budget backs their industry and trains graduates for their jobs.
[1] - Lee says the spending adds "virtually no" net debt, because new bonds repay old ones.
[1] -
Who gains
Samsung Electronics and SK Hynix
— The budget nearly doubles spending on their industry, and company-linked degrees train graduates for their jobs.
[1] -
Nobody knows yet
Which companies will build South Korea's 4.7 trillion won national model, and how its performance will be judged.
Lee set the goal of the world's highest performance, and no builder or test has been named.
[1]
-
South Korea's president, Lee Jae Myung, presented the country's biggest budget ever on Monday.
-
02
DeepSeek gives away an AI coding helper
What happened
-
DeepSeek, a Chinese AI lab, released the code for an AI coding helper called Super-Agent.
[6] -
Anyone can copy and change it: DeepSeek put it on GitHub under an MIT licence.
[6] -
Its team described the design on Saturday in a post on WeChat, a Chinese messaging app.
[6] -
The agent takes coding jobs from a whole team, inside one project's code.
[6] -
It can watch a team's group chats and offer fixes without being asked, Bloomberg reported.
[6] -
DeepSeek calls it a research prototype and "not an official DeepSeek product".
[6]
Who is involved
- DeepSeek a Chinese AI lab
- Shyam Sankar Palantir's technology chief
How it unfolded
In August it released a preview of its own rival to Anthropic's coding tool, Claude Code.
[6] - August a preview of a rival app
- Saturday Super-Agent code released
Why it matters
Last month, US civilian government agencies were told to remove DeepSeek.
[6] How it works
Programmers call this open-sourcing: publishing the code so anyone may use and change it.
[6] The truth
- Palantir's technology chief expects Chinese labs to stop giving models away once they lead.
[7]
-
DeepSeek, a Chinese AI lab, released the code for an AI coding helper called Super-Agent.
-
03
India wants AI trained without data leaving
What happened
-
India's IT ministry proposed a way to train AI on Indian data without handing it over.
[8] -
Its name is DEPA, short for Data Empowerment and Protection Architecture for AI Training.
[8] -
Hospitals, banks and government offices would put scrambled, nameless data into shared exchanges.
[8] -
AI makers would train their models inside those exchanges, under rules the data's owners set.
[8] -
India's chief science adviser, Ajay Kumar Sood, said "the model travels to the data".
[8]
Who is involved
- India's IT ministry MeitY
How it unfolded
India already runs public tools, like the UPI payment system, so Big Tech cannot dominate.
[8] Why it matters
India wants AI built on local data, fearing foreign model makers will ignore its problems.
[8] India's ministry says shared bank data could bring loans to 400 million people and small firms.
[8] How it works
Privacy engineers call one tool differential privacy: it stops a model learning about any one person.
[8] Why a government pays to build its own AI instead of renting one
Economists call it industrial policy: a government spends public money so a key industry grows at home, even when buying abroad costs less.
The twist
A model a country builds itself usually costs more than one it rents, and the extra buys the certainty that no foreign company can raise the price or switch it off.
Step by step
- A few firms in a few countries make the best AI and chips
- Renting their tools is usually cheaper today
- But a renter lives with the seller's prices, rules and choices
- So a government spends public money to build its own
- It pays more now to depend less on others later
The same force, elsewhere today
Where this chain is also running, in today's other stories.
-
India's plan to keep data at home
India wants AI trained on Indian data inside Indian exchanges, because it fears foreign model makers will not work on its problems.
-
The EU's duty on cheap parcels
The EU charges a fee on each small parcel from abroad to protect European shops: the trade side of the same policy.
-
Google and Golden Dome
The US government is turning to one of its own companies to keep a missile shield's data safe, instead of any supplier.
Where you've seen this
Planes
European governments backed Airbus from 1970 so they would not rely only on American plane makers.
Chips in Taiwan
Taiwan's government helped start TSMC in 1987, and it now makes most of the world's most advanced chips.
Chip factories in the US
A 2022 US law set aside about $52 billion to bring chip factories back home.
Food
Many countries pay their own farmers to keep growing food, so trouble abroad cannot empty the shops.
The catch
The bet can fail: a government can back the wrong technology, or end up with a home-grown model that is weaker than the one it could have rented.
And the whole of it
A Korean student on a degree linked to Samsung, an Indian hospital asked to share its records and a European shopkeeper facing cheap parcels are all inside these decisions. Each of them sees only the part that reaches them.
The truth
- How much work remains before DEPA actually runs is unclear.
[8] -
Nobody knows yet
How much work remains before India's DEPA exchanges actually run.
India already runs several data exchanges, but the plan does not say how far DEPA itself has got.
[8]
-
India's IT ministry proposed a way to train AI on Indian data without handing it over.
-
04
Google in talks to guard a missile shield's data
What happened
-
Google is in talks with the US Defense Department to help protect data for Golden Dome.
[10] -
Golden Dome is President Trump's planned shield against attacks, from the ground to space.
[9] -
Its cost estimate is $185 billion.
[10] -
The US Defense Department is forming a group of firms to secure Golden Dome's software data.
[10] -
Their job: keep data flowing even if landlines and phone towers are cut.
[9] -
The talks cover Google's data storage, networking and security work, one source told Bloomberg.
[9]
Who is involved
- US Defense Department
- Anduril
- Palantir
- SpaceX
How it unfolded
Anduril, Palantir and SpaceX are already building the programme's command software.
[9] Why it matters
It would make Google one of the firms keeping a US missile shield's data safe.
[9] How it works
The US government is turning to one of its own companies to keep a missile shield's data safe, instead of any supplier.
The idea, in story 03: Why a government pays to build its own AI instead of renting one →The truth
-
What is really going on
India has proposed keeping its data at home for AI training, and Google is in talks with the US Defense Department about guarding a missile shield's data.
[8] [10] - A US Defense Department official said nothing is decided on the group or its members.
[9] -
Who gains
Google
— If the talks succeed, it gets data-security work on a missile shield costed at $185 billion.
[10] -
Nobody knows yet
Whether Google joins the Golden Dome data group at all.
A Pentagon official said no final decision has been made on the group or on which companies would join it.
[9]
-
Google is in talks with the US Defense Department to help protect data for Golden Dome.
-
05
An EU parcel duty cuts Google's ad sales
What happened
-
Google says some Asian advertisers are buying fewer ads because of a new EU import duty.
[5] -
Philipp Schindler, Google's business chief, said so on its parent Alphabet's results call.
[5] -
The EU now charges a €3 duty on each parcel worth under €150 from outside it.
[5] -
Many came from Chinese online shops such as Temu, Shein and Alibaba.
[5] -
Those shops may bring about 10% of Google's and Meta's ad money, the Register says.
[5]
Who is involved
- Philipp Schindler Google's chief business officer
- Temu
- Shein
- Alibaba
How it unfolded
Before that, almost 5.9 billion such small items came in duty-free in 2025 alone.
[5] Why it matters
So a European trade rule helped slow ad growth at Google, a US company.
[5] How it works
Economists call the duty a tariff: a tax on imports, here meant to shield European shops.
[5] The EU charges a fee on each small parcel from abroad to protect European shops: the trade side of the same policy.
The idea, in story 03: Why a government pays to build its own AI instead of renting one →The truth
-
Who pays
Chinese online sellers such as Temu and Shein
— They now pay a €3 duty on each small parcel into the EU, and are buying fewer Google ads.
[5]
-
Google says some Asian advertisers are buying fewer ads because of a new EU import duty.
-
06
A Huawei car's brake part breaks in a test
What happened
-
A test found the brake pedal bracket broke on the Maextro V800, a luxury electric car.
[5] -
Huawei, the Chinese tech giant, makes the car with JAC, a Chinese carmaker.
[5] -
Dongchedi, a Chinese car review site, found it in a full-force stop at 100 km/h.
[5] -
Its drivers could still stop the car, but more slowly.
[5] -
Within days, reports of the test began vanishing from the internet, China Digital Times says.
[5]
Who is involved
China Digital Times is a US-based site that reports on Chinese affairs.
[5] - Huawei Chinese tech giant
- JAC Chinese carmaker
How it unfolded
- Test the bracket breaks
- Days later reports disappear
Why it matters
It is a safety question about a car sold as smart and high-end.
[5] The truth
- Who removed the reports is not known; the Register notes theories that China's government objected.
[5] -
Nobody knows yet
Who removed the reports of the Maextro brake test, and why.
China Digital Times says the reports disappeared within days; nobody has shown who took them down.
[5]
-
A test found the brake pedal bracket broke on the Maextro V800, a luxury electric car.
-
07
A police chief unplugs Flock's cameras
What happened
-
Plymouth, a city in Minnesota, voted in September to end its contract with Flock Safety.
[12] -
Flock makes cameras that read car number plates, and US police use them.
[12] -
Plymouth told Flock on 23 September; its head office did not reply for over a week.
[12] -
So Police Chief Eric Fadden had staff pull out the cameras' power cords.
[11] -
He wanted "to be sure that they are not functioning or recording plates".
[11] -
In nearby Dayton, Flock put a camera back in service against the city's orders.
[11] -
On Sunday Flock told The Verge it respects Plymouth's choice and is working to remove them.
[11]
Who is involved
- Plymouth, Minnesota ended the contract
- Flock Safety camera maker
How it unfolded
Flock has more than 300,000 cameras across the US, Tom's Hardware reports.
[12] - 23 Sept city tells Flock
- A week on no reply
Why it matters
Cities cancelling Flock are finding it hard to get the cameras taken down, The Verge says.
[11] The truth
- Leaving cameras up likely costs Flock nothing, while removing them costs labour.
[12] -
Who pays
Plymouth's police staff
— They had to unplug Flock's cameras by hand, while leaving them up likely costs Flock nothing.
[12] -
Nobody knows yet
When Plymouth's Flock cameras will actually come down.
Flock says it is working with the city to remove them, and gave no date.
[11]
-
Plymouth, a city in Minnesota, voted in September to end its contract with Flock Safety.
-
08
Britain's copper phone lines go off in January
What happened
-
Openreach says Britain's old copper phone network will switch off on 31 January 2027.
[13] -
Openreach is the network arm of BT, Britain's biggest telecoms company.
[13] -
It told phone providers this week that the date will not be pushed back.
[13] -
Card machines, fire and burglar alarms, and care alarms for older people still use these lines.
[13] -
Instead, a home phone will plug into a broadband router, a service called Digital Voice.
[13]
Who is involved
- Openreach BT's network arm
- Age UK a charity for older people
How it unfolded
The deadline already moved once, after the UK government asked to protect care-alarm users.
[13] Why it matters
Age UK, a charity for older people, says no care-alarm user should be left behind.
[13] The truth
- Firms still on old business lines already pay double last year's rent for them.
[13] -
Who pays
Older people with care alarms on copper lines
— Openreach will switch the old network off on 31 January and says it will not delay again.
[13]
Good news
- Homes without fibre will likely keep their old phone through equipment at the local exchange.
[13]
-
Openreach says Britain's old copper phone network will switch off on 31 January 2027.
-
09
Linux takes in a flood of AI-found fixes
What happened
-
Linus Torvalds released the first test version of Linux 7.4, the core of the Linux system.
[14] -
It holds almost 20,000 changes, against the usual 15,000 or so.
[14] -
Many fix problems that AI tools found, and AI suggested more of the patches too.
[14] -
Torvalds said he was "much happier" that this work came early, not as late fixes.
[14]
Who is involved
- Linus Torvalds leads the Linux kernel
Why it matters
He called AI fixes arriving in the first stage "a much healthier model".
[14] How it works
Linux first takes in new changes, then spends a 'stabilization phase' only fixing bugs.
[14] The truth
- He noted 7.4 is expected to be a long-term support release, another reason it is big.
[14]
Good news
- The first test version of Linux 7.4 holds almost 20,000 changes, many of them fixes for flaws that AI tools found. Linus Torvalds said he was much happier to see those fixes arrive early, as normal work.
-
Linus Torvalds released the first test version of Linux 7.4, the core of the Linux system.
-
10
Instagram offers YouTubers up to $500,000
What happened
-
Instagram has offered some YouTube stars $50,000 to $500,000 to post long videos, Business Insider reports.
[15] -
The videos go into Features, a new Instagram format up to 90 minutes long.
[15] -
Instagram, owned by Meta, announced Features on 26 October.
[15] -
The deals are not exclusive: stars can post the same video on YouTube that day.
[15] -
Instagram's boss, Adam Mosseri, said "the economics matter a ton".
[16]
How it unfolded
Creators had complained that Features shared no ad money with them.
[16] YouTube's partner scheme gives creators 55% of the ad money their videos earn.
[17] - Before paid creators for IGTV
- 2022 IGTV shut down
Why it matters
It is Instagram's attempt to pull long videos, and their viewers, away from YouTube.
[17] The truth
- Instagram paid creators for its earlier long-video format, IGTV, which shut in 2022.
[15] -
Who gains
A few YouTube stars
— Instagram has offered some of them $50,000 to $500,000 to post their long videos there too.
[15] -
Nobody knows yet
Whether Instagram will ever share ad money on long Features videos.
Adam Mosseri says Instagram is exploring multiple options, and the paid deals Business Insider reported are confidential.
[15] [16]
-
Instagram has offered some YouTube stars $50,000 to $500,000 to post long videos, Business Insider reports.
-
11
Anthropic renames its top Claude plans
What happened
-
Anthropic, which makes the Claude AI, renamed its two Claude Max plans on Friday, keeping prices.
[18] -
The $100-a-month plan is now called Max, and the $200 plan is called Ultra.
[18] -
Ultra no longer has a usage limit that resets every five hours, for checked accounts.
[18] -
New accounts keep a temporary limit until checked, which Anthropic says prevents fraud.
[18] -
Weekly limits stay the same.
[18]
Who is involved
- Anthropic makes Claude
How it unfolded
A lawsuit filed in June claimed Anthropic oversold how much use both plans gave.
[18] Why it matters
Heavy Claude users on Ultra can now work longer without a five-hour pause.
[18] The truth
- The pricing page lists Ultra at 10 times the Pro plan's weekly use.
[18] - Its old name, Max 20x, pointed to 20 times; Anthropic's post did not mention the change.
[18]
-
Anthropic, which makes the Claude AI, renamed its two Claude Max plans on Friday, keeping prices.
-
12
OpenAI plans a new name for data centres
What happened
-
OpenAI plans a publicity push after the US midterm elections on Tuesday, Axios reports.
[19] -
One idea is to call its data centres "AI compute campuses".
[19] -
Data centres, the buildings full of computers AI runs on, are deeply unpopular, TechCrunch says.
[19] -
Chris Lehane, OpenAI's head of global affairs, also floated AI "speed limits".
[19]
Who is involved
- Chris Lehane OpenAI's head of global affairs
- Amazon
- Microsoft
How it unfolded
Amazon and Microsoft have said they will stop using secrecy deals with local governments.
[19] Why it matters
He expects AI to be "the issue" in the 2028 US presidential election.
[19] How it works
Public relations experts call this framing: choosing words that change how people feel about buildings.
[19] The truth
- Lehane said communities should hold companies "responsible and accountable".
[19]
-
OpenAI plans a publicity push after the US midterm elections on Tuesday, Axios reports.
-
13
A free tool unlocks Nvidia's held-back AI speed
What happened
-
A free tool switches on AI speed that Nvidia holds back in some graphics cards.
[20] -
It works on RTX 20, 30 and 40 series cards, in desktops and laptops.
[20] -
It runs from a USB stick each time the computer starts, before Nvidia's own software loads.
[20] -
On the developer's own RTX 4060 laptop chip, one kind of AI maths ran 65% faster.
[20] -
It cannot be used with games whose anti-cheat needs Secure Boot, a start-up safety check.
[20]
How it unfolded
Before, the trick worked mainly on Linux; now it works on Windows too.
[20] Why it matters
It opens the trick to the many Windows owners of Nvidia gaming cards, Tom's Hardware says.
[20] The truth
- Owners must run it again after every restart, because the unlock does not survive power loss.
[20]
-
A free tool switches on AI speed that Nvidia holds back in some graphics cards.
-
14
A coder clones Adobe's apps with AI
What happened
-
In early October, a team led by developer Brandon Thomas released free copies of Adobe's apps.
[21] -
The copies are called Artcraft; its Photoshop copy, Photocraft, has nearly matching menus.
[21] -
Thomas used Anthropic's Claude to rebuild the apps; the team says it used no Adobe code.
[21] -
Users report bugs, such as deleted images, and it cannot open Photoshop's own files.
[21]
Who is involved
Adobe sells Photoshop, Lightroom and its other Creative Cloud apps as a monthly subscription.
[21] - Brandon Thomas software developer
How it unfolded
Thomas says he did it after Adobe's "cancellation fee" hit him too often.
[21] Why it matters
Engadget says one person skilled with AI can now do what took a team of engineers.
[21] How it works
Engineers call this a clean-room rebuild: copying what software does without copying its code.
[21] The truth
- Adobe's terms ban taking its software apart, and the copies may break its trademarks.
[21] -
Who gains
People tired of paying Adobe every month
— Artcraft offers free copies of Photoshop and other apps, though users report serious bugs.
[21]
-
In early October, a team led by developer Brandon Thomas released free copies of Adobe's apps.
-
15
AI copies of Indigenous art sold online
What happened
-
Sally Scales, a Pitjantjatjara artist, says AI is turning First Nations art into "Temu slop".
[22] -
Temu, Shein and Amazon sell many 'Aboriginal' designs, mostly with no artist named.
[22] -
AI has already been trained, unpaid, on Australian artists including Kylie Minogue and Nick Cave.
[22]
Who is involved
She chairs the First Nations advisory group at the National Gallery of Australia.
[22] - Sally Scales Pitjantjatjara artist
- Temu
- Shein
- Amazon
How it unfolded
Australia's attorney general, Michelle Rowland, says there are "no plans to weaken copyright protections".
[22] Why it matters
Experts fear AI will take sacred and cultural knowledge held in songs and paintings.
[22] The truth
- A client can pay once, then make AI copies without asking, says copyright expert Kathy Bowrey.
[22] - When artists make new work, they then compete against an AI, Bowrey says.
[22] -
Who pays
First Nations artists in Australia
— Their designs are sold online without their names, and they compete against AI copies when they make new work.
[22]
-
Sally Scales, a Pitjantjatjara artist, says AI is turning First Nations art into "Temu slop".
-
16
A California county buys firefighting drones
What happened
-
San Bernardino County, the biggest US county by land, is getting five self-flying firefighting drones.
[23] -
One pilot can supervise all five, which together carry over 500 gallons of foam.
[23] -
They can reach a new fire within 10 minutes of it being spotted, even at night.
[23]
Who is involved
Seneca Systems, a drone maker, will supply them with a mobile base and control software.
[23] - Seneca Systems drone maker
Why it matters
Fire chief Dan Munsey wants 90% of fires stopped before they pass 10 square feet.
[23] Good news
- One firefighter directing five drones could free other crews for other fires.
[23] - San Bernardino County, the biggest county in the US by land, is getting five self-flying firefighting drones that one pilot can supervise. Together they carry over 500 gallons of foam, and they are due in service before the 2027 fire season.
What comes next
The drones are due to enter service before the 2027 wildfire season.
[23] -
San Bernardino County, the biggest US county by land, is getting five self-flying firefighting drones.
-
17
Taiwan tests drone swarms for its coast guard
What happened
-
Taiwan's Ocean Affairs Council is building software for drone fleets that act without a pilot.
[24] -
It is to help the coast guard answer China's 'grey-zone' pressure, short of war.
[24] -
With National Cheng Kung University, it ran simulated flights of two fleets of 10 drones.
[24]
Who is involved
The council has just received a V-BAT, a US drone that flies over 12 hours.
[24] - Ocean Affairs Council Taiwan's sea agency
How it unfolded
Chinese civilian ships have damaged undersea cables Taiwan relies on, Tom's Hardware reports.
[24] Why it matters
The coast guard now patrols 24 undersea cables and watches nearly 100 China-linked boats.
[24] What comes next
Next come trials over the real sea, in different weather.
[24] -
Taiwan's Ocean Affairs Council is building software for drone fleets that act without a pilot.
-
18
Banks and shops block AI shopping helpers
What happened
-
JPMorgan Chase, Amazon, Schwab and Kohl's are blocking AI agents that act for customers.
[25] -
JPMorgan's boss, Jamie Dimon, says the bank blocks them because of security risks.
[25] -
Walmart instead opened its site to agents, saying they see the same prices as people.
[25] -
An audit of 51 big US shops found 37 block agents mostly by accident.
[25]
Who is involved
These agents are programs people send to find better savings rates, hunt deals or cancel subscriptions.
[25] - JPMorgan Chase
- Amazon
- Schwab
- Kohl's
- Joseph Chalom former BlackRock executive
Why it matters
Accenture found 71% of customers would welcome an AI helper inside their own bank's app.
[25] How it works
Economists call it switching costs: effort that keeps customers put, which agents cut to near zero.
[25] The truth
- Joseph Chalom, once a BlackRock executive, says agents threaten the profits of banks and airlines.
[25] - An agent could move idle cash into an account paying ten times the interest, he says.
[25] - Amazon blocks Muse, Meta's agent, yet its own agent buys on other sites, a seller notes.
[25] -
Who pays
Apps that read bank data, and their users
— JPMorgan now charges data firms like Plaid for pulling account data, which may reach users through subscription fees.
[25]
-
JPMorgan Chase, Amazon, Schwab and Kohl's are blocking AI agents that act for customers.
-
19
Musk says Neuralink can make blind people see
What happened
-
Elon Musk says Neuralink's next implant, Blindsight, will let blind people see.
[26] -
He wrote it is "ready from an engineering standpoint", waiting only on regulators.
[26] -
Blindsight would turn a camera's images into signals the brain can read.
[26]
Who is involved
Neuralink makes implants that link a person's brain to a computer.
[26] - Elon Musk founder of Neuralink
How it unfolded
Neuralink began human trials in 2024; its first patient moved a cursor by thought.
[26] - 2024 first human trials
- Since a cursor moved by thought
Why it matters
Brain implants like these could help people who cannot move regain independence, Tom's Hardware says.
[26] How it works
Engineers call these sensory implants; cochlear implants already let deaf people hear this way.
[26] The truth
- This is Musk's own claim, and no regulator has approved Blindsight.
[26] -
Nobody knows yet
Whether Blindsight lets anyone see.
The claim is Elon Musk's, and the implant is still waiting for regulatory approval.
[26]
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Elon Musk says Neuralink's next implant, Blindsight, will let blind people see.
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