East Asia’s armsmakers are on the rise

This month a group of South Korean defence-industry bosses and government officials visited Ottawa. Their pitch: howitzers, rocket-launchers and submarines for the Canadian armed forces. They are not the only East Asians taking advantage of the global rush to rearm, not least among America’s suddenly nervous allies. Japanese firms are also finding plenty of eager…

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Musk Inc is under serious threat

UNTIL RECENTLY Elon Musk had little need to look over his shoulder. He once described competition for Tesla, his electric-vehicle (EV) company, as “the enormous flood of gasoline cars pouring out of the world’s factories every day”, rather than the “small trickle” of other EV-makers. SpaceX, his rocket firm, had so undercut and outwitted the…

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When AIs bargain, a less advanced agent could cost you

This study is part of a growing body of research warning about the risks of deploying AI agents in real-world financial decision-making. Earlier this month, a group of researchers from multiple universities argued that LLM agents should be evaluated primarily on the basis of their risk profiles, not just their peak performance. Current benchmarks, they…

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