Economist:

> Britain has long been a pioneer in telecoms. In 1837 it built the world's first commercial telegraph; the first transatlantic call was placed from London in 1927; in 1992 a British programmer sent the first text message to a mobile phone. Today it lags rather than leads. According to figures provided to The Economist by Opensignal, a research firm, Britain [1]ranks 46th for download speeds out of the 56 developed and developing countries for which there are data. That gives it the worst mobile service in the rich world.

>

> Some of this is due to demand. Over the past three years data usage on mobile devices has doubled as people stream films and play games. The busiest parts of cities often lack mobile reception because the system is at capacity. But mainly it is an issue of supply. British users of 5G are only on it 11% of the time. That puts Britain 43rd out of the 56 countries. This lacklustre performance is caused by a combination of government U-turns, insufficient investment and sclerotic planning.



[1] https://www.economist.com/britain/2024/11/11/the-rich-country-with-the-worst-mobile-phone-service

An anonymous reader shares a report:

> Future UN climate summits should be held only in countries that [1]can show clear support for climate action and have stricter rules on fossil fuel lobbying, according to a group of influential climate policy experts. The group includes former UN secretary-general Ban Ki-moon, the former president of Ireland Mary Robinson, the former UN climate chief Christiana Figueres and the prominent climate scientist Johan Rockstrom.

>

> They have written to the UN demanding the current complex process of annual "conferences of the parties" under the UN framework convention on climate change -- the Paris agreement's parent treaty -- be streamlined, and meetings held more frequently, with more of a voice given to developing countries. "It is now clear that the Cop is no longer fit for purpose. We need a shift from negotiation to implementation," they wrote.



[1] https://www.theguardian.com/environment/2024/nov/15/cop-summits-no-longer-fit-for-purpose-say-leading-climate-policy-experts

Classic first-person shooters Unreal (1998) and Unreal Tournament are [1]now available for free on the Internet Archive , with official OK from publisher Epic Games.

An Epic spokesperson confirmed to PC Gamer that users are permitted to "independently link to and play these versions." Players can download the games directly from the Internet Archive and apply patches from Github for modern Windows compatibility, or use simplified installers through oldunreal.com. Both titles run on current hardware despite their age, though users may need to adjust dated default settings like 640x480 resolution and inverted mouse controls.



[1] https://www.pcgamer.com/games/fps/unreal-gold-and-unreal-tournament-are-now-free-on-the-internet-archive-and-epic-says-thats-a-okay/

Sony faces mounting challenges after a year [1]marked by major setbacks in its gaming and film divisions. The company's $200-400 million gaming project "Concord" sold only 25,000 copies before being discontinued, while PlayStation 5 sales targets were cut from 25 million to 21 million units.

Sony Pictures struggled with underperforming Spider-Man spin-offs and high-profile departures, including CEO Tony Vinciquerra. Over 1,200 employees were laid off across divisions, and profits fell 39% to $124 million in the latest quarter. Sony's stock dropped 5% over the past year while broader markets rose nearly 40%.



[1] https://sherwood.news/business/sony-challenging-year-ip-movies-video-games/

Server maker Super Micro Computer is facing mounting challenges after EY resigned as its auditor on October 24, citing concerns about management's integrity and ethical values. EY's departure came just months after replacing Deloitte & Touche, which had audited Super Micro for two decades through June 2023.

The resignation raises questions about potential issues Deloitte may have missed. Super Micro has appointed a special committee and hired legal and forensic accounting firms to investigate, though details remain undisclosed. The company faces a November 16 deadline to submit a compliance plan to Nasdaq regarding delayed financial reports. A former employee's lawsuit alleges improper revenue recognition between 2020-2022 under Deloitte's watch, [1]prompting a Justice Department investigation . WSJ [2]adds :

> Persuading another major audit firm to sign on under the current circumstances would be an impressive feat. EY in its resignation letter said it was "unwilling to be associated with the financial statements prepared by management."

>

> Why would any other auditor feel differently?



[1] https://yro.slashdot.org/story/24/09/26/211247/us-justice-department-probes-super-micro-computer

[2] https://www.msn.com/en-us/money/markets/is-anyone-crazy-enough-to-audit-super-micro-computer/ar-AA1u8sod

An anonymous reader [1]shares a report :

> The cloud migration narrative that powered tech valuations during the pandemic is attempting a comeback, but the underlying data suggests a more complex story.

>

> UBS's new survey of IT services reveals a striking disconnect between industry expectations and customer reality. While executives proclaim "2025 will be far better than what we've seen in 2024," their enterprise clients report having migrated merely 15% of workloads to the cloud, with the remainder presenting increasingly complex challenges.

>

> The numbers are particularly telling: Growth rates for major cloud providers AWS, Azure, and Google Cloud have declined from pandemic peaks of 40-50% to 10-20%. IT budgets for 2024, meanwhile, are projected to be "flattish to up very slightly, maybe a couple percent," marking a significant departure from the explosive growth of recent years.



[1] https://indiadispatch.com/2024/11/15/cloud-migration-is-back-if-you-ignore-the-actual-numbers/

British telecom Virgin Media O2 has deployed an AI tool to [1]combat phone scammers by wasting their time with fake conversations, the company said. The AI system, named Daisy, uses voice synthesis to mimic an elderly woman and engages fraudsters in lengthy discussions about fictitious family members or provides false bank details, keeping them occupied for up to 40 minutes per call.

Virgin Media O2 embedded phone numbers connected to Daisy within scammer call lists targeting vulnerable individuals. The system, developed with help from anti-scam YouTuber Jim Browning, automatically transcribes incoming calls and generates responses without human intervention.

Further reading : [2]Google Rolls Out Call Screening AI To Thwart Phone Fraudsters .



[1] https://www.pcmag.com/news/this-ai-granny-bores-scammers-to-tears

[2] https://tech.slashdot.org/story/24/11/14/1650231/google-rolls-out-call-screening-ai-to-thwart-phone-fraudsters

Brazilian officials are scrambling to control a gambling boom that has led some citizens to [1]take out loans with interest rates as high as 438% to fund their betting habits, sparking concerns about household debt levels.

The surge in online betting has doubled Brazil's gambling population to 52 million in six months, with the central bank estimating monthly gambling spending between 18-21 billion reais ($3.1-3.6 billion) through August 2024. Central Bank President Roberto Campos Neto said lower-income families are disproportionately affected, with 20% of government social program payments in August directed to online gambling sites.

The Finance Ministry has accelerated regulatory measures, requiring over 100 betting companies to submit operating paperwork ahead of schedule. New rules starting January 1 will allow authorities to limit bet amounts, block payment systems, and monitor for money laundering. President Luiz Inacio Lula da Silva recently raised concerns at the UN about gambling's impact on Brazil's poorest citizens, while officials are moving to ban credit card use for betting and restrict gambling advertisements.



[1] https://finance.yahoo.com/news/gamblers-pay-400-loan-rates-113019317.html

Eighteen Republican state attorneys general have sued the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler on Thursday, challenging the agency's authority to regulate cryptocurrency markets.

The lawsuit, led by Kentucky Attorney General Russell Coleman, alleges the SEC has [1]exceeded its statutory powers by attempting to assume broad regulatory control over digital assets without congressional authorization. The complaint argues the agency's actions infringe on states' rights to develop their own cryptocurrency regulations and harm consumers by imposing ill-fitting federal securities laws on digital assets.

Speaking at a legal conference Thursday, Gensler [2]defended the agency's approach , citing consistent court support for SEC enforcement actions in cryptocurrency cases. The regulatory landscape appears set for change following President-elect Trump's victory. Trump, who previously dismissed cryptocurrency as a "scam," has pledged to make the U.S. the "crypto capital of the planet" and remove Gensler.



[1] https://www.foxbusiness.com/politics/18-states-sue-sec-over-unconstitutional-overreach-digital-assets

[2] https://www.sec.gov/newsroom/speeches-statements/gensler-remarks-pli-s-56th-annual-institute-securities-regulation-111424

An anonymous reader quotes a report from Bloomberg:

> The Australian government plans to enact laws [1]requiring big tech firms to protect its citizens online , the latest move by the center-left Labor administration to crack down on social media including through age limits and curbs on misinformation. Communications Minister Michelle Rowland announced the government's plan for a legislated Digital Duty of Care in Australia on Wednesday night, saying it aligned with similar laws in the UK and European Union. "It is now time for industry to show leadership, and for social media to recognize it has a social responsibility," Rowland said in a speech in Sydney announcing the measures. It would "keep users safe and help prevent online harms."

>

> In response to the laws, Facebook and Instagram operator Meta Platforms Inc. called for the restrictions to be handled by app stores, such as those run by Google and Apple Inc., rather than the platforms themselves. The government has ignored those requests, but has yet to announce what fines companies would face or what age verification information will need to be provided. At the same time, Albanese has moved forward controversial laws to target misinformation and disinformation online, which opponents have labeled an attack on freedom of speech.

Earlier this month, Albanese said the government would [2]legislate for a ban on social media for children under 16 , a policy the government says is world-leading. "Social media is doing harm to our kids and I'm calling time on it," Albanese told a news conference.



[1] https://finance.yahoo.com/news/australia-big-tech-liable-citizens-002040075.html

[2] https://tech.slashdot.org/story/24/11/07/0019205/australia-proposes-ban-on-social-media-for-those-under-16

ZDNet's Steven Vaughan-Nichols reports:

> [...] At [1]KubeCon North America 2024 this week, CNCF executive director Priyanka Sharma said in her keynote, "Patent trolls are not contributors or even adopters in our ecosystem. Instead, they prey on cloud-native adopters by abusing the legal system. We are here to tell the world that [2]these patent trolls don't stand a chance because CNCF is uniting the ecosystem to deter them. Like a herd of musk oxen, we will run them off our pasture." CNCF CTO Chris Aniszczyk added: "The reason trolls can make money is that many companies find it too expensive to fight back, so they pay trolls a settlement fee to avoid the even higher cost of litigation. Now, when a whole herd of companies band together like musk oxen to drive a troll off, it changes the cost structure of fighting back. It disrupts their economic model."

>

> How? Jim Zemlin, the Linux Foundation's executive director, said, "We don't negotiate with trolls. Instead, with United Patents, we go to the PTO and crush those patents. We strive to invalidate them by working with developers who have prior art, bringing this to the attention of the USPTO, and killing patents. No negotiation, no settlement. We destroy the very asset that made patent trolls' business work. Together, since we've started this effort, 90% of the time, we've been able to go in there and destroy these patents." "It's time for us to band together," said Joanna Lee, CNCF's VP of strategic programs and legal. "We encourage all organizations in our ecosystem to get involved. Join the fight, enhance your own company's protection, protect your customers, enhance our community defense, and save money on legal expenses."

>

> While getting your company and its legal department involved in the effort to fend off patent trolls is important, developers can also help. CNCF announced the [3]Cloud Native Heroes Challenge , a patent troll bounty program in which cloud-native developers and technologists can earn swag and win prizes. They're asking you to find evidence of preexisting technology -- referred to by patent lawyers as "prior art" -- that can kill off bad patents. This could be open-source documentation (including release notes), published standards or specifications, product manuals, articles, blogs, books, or any publicly available information. All entrants who [4]submit an entry that conforms to the contest rules will receive a free "Cloud Native Hero" t-shirt that can be picked up at any future KubeCon+CloudNativeCon. The winner will also receive a $3,000 cash prize.

>

> In the inaugural contest, the CNCF is seeking information that can be used to invalidate Claim 1 from US Patent [5]US-11695823-B1 . This is the major patent asserted by Edge Networking Systems against Kubernetes users. As is often the case with such patents, it's much too broad. This patent describes a network architecture that facilitates secure and flexible programmability between a user device and across a network with full lifecycle management of services and infrastructure applications. That describes pretty much any modern cloud system. If you can find prior art that describes such a system before June 13, 2013, you could be a winner. Some such materials have already been found. This is already listed in the "known references" tab of the [6]contest information page and doesn't qualify. If you care about keeping open-source software easy and cheap to use -- or you believe trolls shouldn't be allowed to take advantage of companies that make or use programs -- you can help. I'll be doing some digging myself.



[1] https://events.linuxfoundation.org/kubecon-cloudnativecon-north-america/

[2] https://www.zdnet.com/article/open-source-fights-back-we-wont-get-patent-trolled-again/

[3] https://www.cncf.io/heroes/

[4] https://patroll.unifiedpatents.com/contests/s3vQkRdTC6coNkjyx

[5] https://portal.unifiedpatents.com/patents/patent/US-11695823-B1

[6] https://patroll.unifiedpatents.com/contests/s3vQkRdTC6coNkjyx

Rocket Lab says it has [1]signed the first customer for its Neutron launch vehicle , with a launch planned for mid-2025. SpaceNews reports:

> The company announced Nov. 12 that it signed a contract with an undisclosed "commercial satellite constellation operator" for two launches of Neutron, one in mid-2026 and the other in 2027, a deal that could lead to additional launches for the same customer. "We see this agreement as an important opportunity that signifies the beginning of a productive collaboration that could see Neutron deploy this particular customer's entire constellation," Peter Beck, chief executive of Rocket Lab, said in an earnings call Nov. 12 to discuss the company's third quarter financial results. [...]

>

> Beck said Rocket Lab is "deep into the qualification testing" of flight hardware, including vehicle structures and the Archimedes engine, which was hotfired for the first time in August at the Stennis Space Center in Mississippi. "Our engine test cadence in Mississippi has doubled over the quarter, and we've bought multiple engines to the test stand," he said. Neutron is a key part of the company's ambitions to deploy its own constellation, something that Beck has hinted at in some previous earnings calls. His presentation called that constellation the third pillar for Rocket Lab, after launch services and spacecraft production, both of which support the constellation.

>

> "We're not ready to reveal details on what this constellation or application may be," he said, "but I think it's important to understand the strong foundation we've built up across launch and space systems to enable it in due course." That includes Neutron, with Beck citing SpaceX's use of Falcon 9 to deploy its Starlink constellation. "Everything is irrelevant without a reusable high cadence launch. So, Neutron is really the key to unlocking that."



[1] https://www.rocketlabusa.com/launch/neutron/

Each day leading up through the 16th (the official day Half-Life 2 was launched), Ars Technica will be [1]publishing a new article looking back at the game and its impact. Here's an excerpt from an article published today by Ars Technica's Kyle Orland:

> When millions of eager gamers first installed Half-Life 2 [2]20 years ago , many, if not most, of them found they needed to install another piece of software alongside it. Few at the time could imagine that piece of companion software -- with the pithy name Steam -- would eventually become the key distribution point and social networking center for the entire PC gaming ecosystem, making the idea of physical PC games an anachronism in the process.

>

> While Half-Life 2 wasn't the first Valve game released on Steam, it was the [3]first high-profile title to require the platform , even for players installing the game from physical retail discs. That requirement gave Valve access to millions of gamers with new Steam accounts and helped the company bypass traditional retail publishers of the day by directly marketing and selling its games (and, eventually, games from other developers). But 2004-era Steam also faced a vociferous backlash from players who saw the software as a piece of nuisance DRM (digital rights management) that did little to justify its existence at the time.

In honor of the anniversary, Orbifold Studios released a new [4]Half-Life 2 RTX trailer . "[T]his is a remastering project that [5]leverages the technologies of NVIDIA's RTX Remix and has the blessing of the original developer, Valve," reports Wccftech. "Orbifold Studios, a team of experienced modders, was founded specifically to bring this project to fruition." It's unclear when exactly this project will be finished.

Nvidia is also [6]giving away a custom Half-Life 2 themed RTX 480 Super Founders Edition.



[1] https://arstechnica.com/tag/half-life/

[2] https://slashdot.org/story/04/11/22/1824245/review-half-life-2

[3] https://wccftech.com/half-life-2-rtx-gets-stunning-new-video-to-celebrate-the-games-20th-anniversary/

[4] https://www.youtube.com/watch?v=5FZ49Ou8zAE

[5] https://wccftech.com/half-life-2-rtx-gets-stunning-new-video-to-celebrate-the-games-20th-anniversary/

[6] https://www.pcgamer.com/hardware/graphics-cards/this-half-life-2-themed-rtx-4080-super-almost-makes-up-for-the-fact-were-about-to-hit-the-games-20th-anniversary-and-theres-still-no-half-life-3-in-sight/

[1]sciencehabit shares a report from Science Magazine:

> What if, rather than scouring the internet, ChatGPT could search all of the DNA on Earth? That future just got a bit closer with Evo, an AI model [2]reported today in Science . The program -- trained on billions of lines of genetic sequences -- [3]can design new proteins and even whole genomes . Previous AIs could only interpret and predict relatively short sections of DNA, and they could only work with groups of nucleotides -- the A, C, G, T alphabet of DNA -- not individual nucleotides. To take things to the next level, researchers trained Evo on 300 billion nucleotides of sequence information.

>

> In a first test, Evo bested other AI models on predicting the impact of mutations on protein performance. The team then had Evo design new versions of the CRISPR genome editor; the best designs were as good at cutting DNA as a commercial version. And in what study author Brian Hie, a computational biologist at Stanford University, calls the "most futuristic and crazy" part of the study, the researchers asked Evo to generate DNA sequences that are long enough to serve as genomes for bacteria -- a step toward AI-designed synthetic genomes.

>

> Much of the work on AI occurs in secret at companies. But the researchers have [4]released Evo publicly so that other researchers can use it, and Hie says the team has no plans to commercialize its creation. "For now, I see this as a research project."



[1] https://slashdot.org/~sciencehabit

[2] https://www.science.org/doi/10.1126/science.ado9336

[3] https://www.science.org/content/article/meet-evo-dna-trained-ai-creates-genomes-scratch

[4] https://github.com/evo-design/evo

Datacenter operators are increasingly turning to small modular reactors (SMRs) like those developed by Oklo to meet growing energy demands. According to The Register, Oklo has [1]secured commitments from two major datacenter providers for 750 MW of power , pending regulatory approvals. It brings the firm's planned nuclear build-out to 2.1 gigawatts. From the report:

> Oklo's designs are, from what we understand, inspired by the Experimental Breeder Reactor II (EBR-II) and utilize liquid-metal cooling. They are capable of producing between 15MW and 50MW of power, depending on the configuration. That means Oklo's datacenter customers plan to deploy somewhere between 15 and 50 of the reactors to satisfy their thirst for electricity. However, they may be waiting a while.

>

> According to Oklo's website, the nuclear startup hopes to bring its first plant online before the end of the decade. Before that can happen, though, Oklo will need to obtain approval from the Nuclear Regulatory Commission -- something for which it says it's already submitted applications. In 2022, the watchdog [2]rejected an Oklo plan to build a small atomic reactor in Idaho, citing "significant information gaps" on safety-related measures.

>

> That said, Oklo has lately received support from US government agencies including the Department of Energy (DoE), which has awarded a site use permit, while Idaho National Laboratory -- home of EBR-II -- has provided fuel material to [3]support the efforts. Speaking of fuel, Oklo's designs may not suffer from the challenges other SMR startups, like Terrapower, have encountered. Oklo's designs are intended to run on recycled nuclear waste products from traditional reactors. In fact, the startup is currently working with DoE national labs to develop new fuel recycling technologies. Oklo hopes to bring a commercial-scale recycling plan [4]online by the early 2030s.



[1] https://www.theregister.com/2024/11/14/datacenter_oklo_750mw/

[2] https://www.utilitydive.com/news/nrc-denies-oklo-powers-plan-to-construct-15-mw-advanced-nuclear-reactor-i/616807/

[3] https://www.energy.gov/ne/articles/us-department-energy-signs-oklo-fuel-fabrication-facility-design-concept

[4] https://www.youtube.com/watch?v=ftbQu3FSEKc

Francois Chollet, an AI pioneer and creator of the Keras framework, [1]announced that he's [2]leaving Google to co-found a new company . Neowin reports:

> In his parting message, Chollet assured that he would still be active with Keras and participate in its development on GitHub. His successor, Jeff Carpenter, will now lead Keras at Google, and Chollet expressed his full confidence in the team's future direction.

>

> Keras has come a long way since Chollet released it in 2015, initially as a high-level neural network API meant for simplicity and accessibility. Keras quickly gained traction in the AI community for its user-friendly Python interface and compatibility with frameworks like TensorFlow, simplifying machine learning model building for developers across various levels.

Google [3]published a blog post praising Chollet and reaffirming their commitment to Keras.

Last year, Google lost the "Godfather of AI," Geoffrey Hinton, who [4]left the company after nearly a decade. He said he quit his job at Google so he can freely speak out about the risks of AI.



[1] https://x.com/fchollet/status/1857012265024696494?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1857012265024696494%7Ctwgr%5Ef51b20fb74f124cd8f8cc7bd2c2733aa61b9b825%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.neowin.net%2Fnews%2Fgoogle-loses-yet-another-ai-pioneer-as-keras-creator-leaves%2F

[2] https://www.neowin.net/news/google-loses-yet-another-ai-pioneer-as-keras-creator-leaves/

[3] https://developers.googleblog.com/en/farewell-and-thank-you-for-the-continued-partnership-francois-chollet/

[4] https://tech.slashdot.org/story/23/05/01/1540236/geoffrey-hinton-the-godfather-of-ai-leaves-google-and-warns-of-danger-ahead

[1]quonset shares a report from CNN:

> Between August 2022 and January 2024, hundreds of swatting calls were made across the country targeting religious institutions, government offices, schools, and random people. Authorities were finally able to [2]track down the criminal , Alan Fillon, who entered the plea to four counts of making interstate threats to injure the person of another, the US Attorney's Office for the Middle District of Florida said in a news release. He [3]faces up to five years in prison on each count . A sentencing date has not yet been set.

>

> The US Attorney's Office said Filion made more than 375 swatting and threat calls from August 2022 to January 2024. Those calls included ones in which he claimed to have planted bombs in targeted locations or threatened to detonate bombs and/or conduct mass shootings at those locations, prosecutors said. He targeted religious institutions, high schools, colleges and universities, government officials and people across the United States. Filion was 16 at the time he placed the majority of the calls.



[1] https://slashdot.org/~quonset

[2] https://yro.slashdot.org/story/24/02/02/2029249/youtube-discord-and-lord-of-the-rings-led-police-to-a-teen-accused-of-a-us-swatting-spree

[3] https://www.cnn.com/2024/11/14/us/swatting-calls-california-teen-pleads-guilty/index.html

Phoronix's Michael Larabel reports:

> The OpenMP Architecture Review Board [1]announced from SC24 that OpenMP 6.0 is [2]now available as a major upgrade to the OpenMP specification for multi-process programming within C / C++ / Fortran. A big emphasis on OpenMP 6.0 is making it easier for developers to embrace. OpenMP 6.0 aims to make it easier to support parallel programming in new applications, easier to adapt to new use-cases, and more fine-grained developer control.

>

> OpenMP 6.0 simplifies task programming with support for task execution by free-agent threads, allowing for recording of task graphs for efficient replay, and other improvements. OpenMP 6.0 also brings support for array syntax applications, better control over memory allocations and accessibility, easier writing of asynchronous data transfers, and other improvements for enhanced device support / offloading. There is also easier programming of loop transformations, support for induction, support for C23 / Fortran 2023 / C++23, grater user control of storage resources and memory spaces, and other improvements.



[1] https://www.openmp.org/home-news/openmp-arb-releases-openmp-6-0-for-easier-programming/

[2] https://www.phoronix.com/news/OpenMP-6.0-Released

An update to OpenAI's ChatGPT app for macOS [1]adds integration with third-party apps , including developer tools such as VS Code, Terminal, iTerm2 and Apple's Xcode. 9to5Mac reports:

> In a demo seen by 9to5Mac, ChatGPT was able to understand code from an Xcode project and then provide code suggestions without the user having to manually copy and paste content into the ChatGPT app. It can even read content from more than one app at the same time, which is very useful for working with developer tools. According to OpenAI, the idea is to expand integration to more apps in the future. For now, integration with third-party apps is coming exclusively to the Mac version of ChatGPT, but there's another catch. The feature requires a paid ChatGPT subscription, at least for now.

>

> ChatGPT Plus and Team subscribers will receive access to integration with third-party apps on macOS starting today, while access for Enterprise and Education users will be rolled out "in the next few weeks." OpenAI told 9to5Mac that it wants to make the feature available to everyone in the future, although there's no estimate of when this will happen. For privacy reasons, users can control at any time when and which apps ChatGPT can read.

The app can be downloaded [2]here .



[1] https://9to5mac.com/2024/11/14/chatgtp-macos-third-party-apps/

[2] https://openai.com/chatgpt/desktop/

An anonymous reader quotes a report from Data Center Dynamics:

> The Japanese government is [1]planning to invest approximately $65 billion to support the country's semiconductor and AI industries. The initiative, which will run until the end of the decade, is expected to generate ~$104 billion in public and private investment during the period. According to [2]a report from Reuters, this new round of funding will specifically target state-backed chip foundry Rapidus and other AI chip suppliers.

>

> Rapidus was [3]founded in November 2022 when the Japanese government and eight Japanese technology and automotive firms, including SoftBank, Sony, and NTT, invested more than $500 million to launch the business. Speaking at a news conference this week, Japanese Prime Minister Shigeru Ishiba did not provide any information about how the venture would be financed but said the government would not issue deficit-covering bonds.

Japan's government also said it [4]won't raise taxes to finance the $65 billion plan.



[1] https://www.datacenterdynamics.com/en/news/japanese-government-to-invest-65bn-to-support-domestic-chip-sector/

[2] https://www.reuters.com/world/japan/japan-propose-65-bln-plan-aid-domestic-chip-industry-draft-shows-2024-11-11/

[3] https://slashdot.org/story/23/01/12/1653216/japan-bets-big-on-bringing-semiconductor-manufacturing-home

[4] https://www.reuters.com/markets/asia/japan-wont-raise-taxes-fund-65-bln-chips-aid-industry-minister-says-2024-11-12/