Korea Nuclear Plant Operator Blocks AI Services On Security Fear
(Bloomberg) -- Korea Hydro & Nuclear Power Co., South Korea's state-run operator of nuclear reactors, has blocked the use of all artificial intelligence services, including DeepSeek and ChatGPT, from its systems due to security concerns.
State Farm Seeks Emergency California Rate Hike After Fires
NYC's Newest Transit Leader Builds a Worker-Driven Strategy
New York's First 'Passive House' School Is a Model of Downtown Density
Transportation Memos Favor Places With Higher Birth and Marriage Rates
When French Communists Went on a Brutalist Building Boom
The restriction took effect from Feb. 1 as part of Korea Hydro's efforts to prevent leaks of sensitive data and personal information, a spokesperson for the company said in response to a query from Bloomberg.
The Seoul Economic Daily had reported earlier on Wednesday that Korea Hydro was the first state company in the country to take action against DeepSeek.
Bloomberg reported last week that companies and government agencies around the world have taken precautionary measures to limit access to DeepSeek due to concerns about data leaks to the Chinese government and weak privacy safeguards.
The Chinese AI was developed by Hangzhou DeepSeek Artificial Intelligence Basic Technology Research Co., and competes with the more-established ChatGPT service from OpenAI Inc. in the US.
Amazon and SpaceX Want In on India's Satellite Internet Market
Elon Musk Inside the Treasury Department Payment System
Inside Elon Musk's Attack on the US Government
The NFL's Flawed DEI Program Still Beats What Most Companies Are Doing
The Internet Almost Killed Barnes & Noble, Then Saved It
©2025 Bloomberg L.P.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
30 minutes ago
- Yahoo
Wall Street futures edge up as investors await key jobs data
(Reuters) -U.S. stock index futures edged higher on Thursday as investors looked ahead to the monthly jobs report to gauge the impact of President Donald Trump's trade policies on the labor market and the Federal Reserve's interest rate trajectory. Following Wednesday's weaker-than-expected U.S. private jobs and services sector data, Friday's non-farm payrolls report will come under sharp scrutiny as investors fear that Trump's erratic trade policies will drive a slowdown in economic growth. The data comes ahead of the Fed's policy decision later this month, where policymakers are widely expected to hold interest rates. Traders currently see at least two rate cuts by the end of this year, as per pricing in money markets. Despite continued calls from Trump to slash interest rates, Fed Chair Jerome Powell has opted to stand pat so far, awaiting further data to help dictate the policy decision as tariff volatility prevails. On Wednesday, Washington's doubled tariffs on imported steel and aluminum came to effect and it also marked Trump's deadline for trading partners to make their best offers to avoid other punishing import levies from taking effect in early July. Investors focused on tariff negotiations between Washington and trading partners, with Trump and Chinese leader Xi Jinping expected to speak sometime this week as tensions simmer between the world's two biggest economies. U.S. equities rallied sharply in May, with investors boosting the S&P 500 index and the tech-heavy Nasdaq to their biggest monthly percentage gain since November 2023, thanks to a softening of Trump's harsh trade stance and upbeat earnings reports. The S&P 500 remains nearly 3% below record highs touched in February. Data scheduled for Thursday include initial jobless claims and international trade data at 08:30 a.m. ET. U.S. central bank officials including Fed Board Governor Adriana Kugler, Fed Kansas City President Jeffrey Schmid and Fed Philadelphia President Patrick Harker are scheduled to speak later in the day. At 5:53 a.m. ET, Dow E-minis were up 45 points, or 0.11%, S&P 500 E-minis were up 3 points, or 0.05%. Nasdaq 100 E-minis were up 10 points, or 0.05% Most megacap and growth stocks were mixed in premarket trading. Tesla fell 1.7%. Among early movers, shares of MongoDB jumped nearly 15% after the software company gave an upbeat annual forecast and reported quarterly results above estimates. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
31 minutes ago
- Bloomberg
Long-Dated Bonds Are Tough Sell to Investors These Days
Governments selling long-dated bonds might just have to get used to a lukewarm reception from investors. Weak demand for a slew of auctions of 20-, 30- or 40-year bonds — among the longest maturities that countries tend to sell — has triggered a fresh round of soul-searching over the depth of demand for this type of asset. The yield on a Bloomberg global gauge of longer-dated sovereign yields has climbed to around the highest since 2008, another sign of tepid appetite.
Yahoo
35 minutes ago
- Yahoo
Europe's biggest VCs are going to war over adopting China's 996 ‘always on' culture: ‘Don't listen to a jumped-up finance bro in a hoodie'
A war is brewing in Europe's startup community over three numbers that would have mass implications for tech workers, and perhaps beyond: 996. Stoked by an ongoing debate about Europe's competitiveness with other territories, leaders of some of the region's biggest VCs have waded into a battle startups should be working in order to compete with U.S. and Chinese tech firms. Harry Stebbings, founder of the 20VC fund, ignited the latest debate last weekend when he said Silicon Valley had 'turned up the intensity,' and European founders needed to take notice. '7 days a week is the required velocity to win right now. There is no room for slip up,' Stebbings said on LinkedIn. 'You aren't competing against random company in Germany etc but the best in the world.' His fellow venture capitalist, Index Ventures partner Martin Mignot, followed up in a lengthy post raising the idea of tech startups needing to work long, intense hours now more than ever. The fast-moving world of AI left no time for complacency, Mignot argued, in addition to the emergence of global competition and the need to maximize productivity among workers in a scarce talent pool. In his post, Mignot cited a 2018 Financial Times editorial by Michael Moritz, the Welsh billionaire chairperson of Sequoia Capital, who suggested Silicon Valley entrepreneurs adopt the then-little-known 996 model. It's where employees work from nine to nine, six days a week, adding up to a 72-hour work week, or double the average weekly working hours in the EU. Mignot credited Moritz with introducing the 996 model to a Western audience. A representative for Index Partners didn't respond to a request for comment. Stebbings' and Mignot's remarks caught the attention of both Amelia Miller, co-founder of Ivee, and Suranga Chandratillake, a general partner at Balderton Capital. 'Burnout [is] one of the top 3 reasons early-stage ventures fail. It is literally a bad reason to invest,' said Ivee's Miller on LinkedIn. Balderton's Chandratillake shared Miller's sentiment, and leveled his criticism at the messengers calling for a 996 culture: 'All the versions of this post I've read are from VCs who've never built a technology company themselves. I remember such 'advice' well when I was a founder. If you're a CEO, don't listen to a jumped-up finance bro in a hoodie who has never done your job telling you how to do it!' Chandratillake tells Fortune he felt compelled to wade into a public argument on the train home from work after reading what he thought were new versions of a 'dangerous' conversation on expected working hours. The former startup founder has seen the negative effects of that 'always on' mentality from some founders he has watched knowingly or unknowingly adopt the 996 model. Those founders tend to 'fail in a slightly depressing, sinking out of significance kind of way,' he said. 'You get addicted to this thing of, 'I'm just gonna make these incremental improvements in my company.' And you're growing a little bit every day, you're building a little bit every day, but you completely miss some big strategic shift that's going on around you, and as a result, you just don't make the right pivot.' The 'always on' narrative is compelling because it's an easy explanation for complex problems, Chandratillake believes. 'I always say Californians are great at telling stories, right? There's a reason why Hollywood is in LA,' said Chandratillake. 'If a thing takes 10 or 20 years to build, there's just no way you can sprint for that long without stopping.' Through Balderton, Chandratillake has been an investor in cutting-edge wellness programs for the founders of its portfolio companies, using methods practised by astronauts and athletes to ensure recovery and prevent burnout. While he advocates for more awareness of physical and mental health among founders, Chandratillake doesn't go as far as to support the idea of work-life balance. He admits he would frequently pull all-nighters at critical moments, like around funding rounds and quarterly deadlines, while building the startup Blinkx, which he eventually took public. 'You have to be smart about having moments to balance yourself, not because you're trying to create this wonderful work-life balance existence, but because you know that in a couple of weeks time, there's going to be a crunch.' The argument surrounding work culture in Europe isn't new, as opposing voices seek to support or dismiss the idea that a cross-Atlantic divergence in productivity growth is a result of differing work ethic. The sparse number of European tech companies populating the Fortune 500, or the list of the world's most valuable companies, has been used as a prime example of the fallout of this perceived shortfall. Last year, Nicolai Tangen, the CEO of Norway's $1.8 trillion wealth fund, Norges Bank Investment Management, claimed Americans work harder than Europeans owing to a higher 'general level of ambition.' Speaking on Stebbings' 20VC podcast last year, Monzo co-founder and serial entrepreneur, Tom Blomfield, took a more nuanced approach, singling out the U.K., where he felt the concept of the 'American Dream' was 'antithetical to British culture.' Chandratillake said he doesn't subscribe to the idea that Europe is being left behind, and envisions at least three European companies—Spotify, ASML, and Arm—he thinks can hit a $1 trillion+ valuation in the future. 'We might be behind from a timing point of view, but I don't think we're behind from a sort of effort or energy point of view right now.' As for whether he thinks a four-day week will be the norm in the future, Chandratillake was the bearer of bad news. 'Humans have a way of just making themselves more work. So I think the nature of the work will shift. I think the ways in which you can do it may be more flexible. 'But every 100 years or so, it seems like someone suggests that we're going to all work less, and unfortunately, they turn out to be wrong.' This story was originally featured on
