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OpenAI tightens controls on its new model over cybersecurity risks, as AI security debate intensifies
OpenAI has halted some "internal activities" involving a new model amid fears over the cyber threat it potentially poses, amid a wave of security incidents involving major AI labs. Recent disclosures that AI systems from Anthropic, OpenAI and Meta were involved in security incidents prompted a wave of concerns over the development of models. U.S. lawmakers, meanwhile, are stepping up efforts to introduce an "AI Kill Switch" bill.
Japan’s Growth Minister on Proactive Fiscal Policy, Yen
Aug 10th, 2026 Japan’s Growth Minister on Proactive Fiscal Policy, Yen Japan’s responsible and proactive fiscal policy will be positive for the economy and the yen, Growth Strategy Minister Minoru Kiuchi said in an Bloomberg TV interview with Shery Ahn in Tokyo.
House Dems call for AI companies to testify on recent hacks: ‘Clear risk to safety’
A group of House Democrats is calling for the leaders of OpenAI, Anthropic and other major AI companies to testify before Congress following a spate of hacking incidents that the lawmakers say "have serious implications for Americans' safety and security." "Unfortunately, Congress has so far completely failed to respond to the threats posed by AI development," the lawmakers wrote to House Speaker Mike Johnson, R-La., in a letter, a copy of which was shared exclusively with CNBC. "That must...
Shein faces existential threat as tariffs hit low-price model, putting new focus on services
Discount retailer Shein had long argued trade law loopholes weren't the reason for its success. But now that those exemptions are gone, its once meteoric growth has stalled in the U.S. and Europe, posing a threat ahead of its Hong Kong initial public offering. In documents released in connection with its upcoming IPO, Shein blamed a slowdown in U.S. sales on its decision to raise prices to offset the cost of new tariffs as it warned a similar dynamic could come in Europe, its largest market.