China-led AI bloc could narrow digital divide, expand global influence | News | Eco-Business

- China has launched the World Artificial Intelligence Cooperation Organisation (WAICO) to provide AI training and support to developing nations.
- Founding members of WAICO include Indonesia, Kazakhstan, Laos, Malaysia, Myanmar, Pakistan, and Uzbekistan, positioning China as a competitor to the US-led "Pax Silica" bloc.
- The initiative aims to narrow the global digital divide while granting Chinese firms a "first-mover advantage" through new customers and institutional partnerships in emerging markets.
- Academics suggest this move will likely intensify the geopolitical rivalry between the US and China as both seek to expand their influence over global AI standards and infrastructure.
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Data security tops AI adoption concerns among PH firms -- report
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• TrendAI™, a business unit of Trend Micro Incorporated, released its H1 2026 APT Activity Roundup on July 29, 2026. • The report details nation-state activity and Advanced Persistent Threat (APT) trends observed during the first half of the year.
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• AI startup funding reached $510 billion in the first half of 2026, already surpassing the total investment recorded for the entire year of 2025. • The investment surge is primarily driven by a focus on critical infrastructure, semiconductor chips, robotics, and enterprise-level AI solutions.
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BreezyScrollAI Threat Drives Amortization Comeback in Europe’s Leveraged Finance Market - Bloomberg
• European leveraged finance lenders are increasingly demanding amortization schedules for software firms due to concerns over AI-driven disruption. • This shift marks a return to repayment terms that have been largely absent from the European market since the 2008 global financial crisis.
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• Hugging Face and OpenAI have released detailed reports regarding a cybersecurity breach that began nearly 20 days ago. • While Hugging Face provided an in-depth analysis of the attack, OpenAI offered a more concise summary consisting of seven key bullet points.
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FortuneTop Tech News Today, July 29, 2026: Amazon, Google, Microsoft, MIT, Nvidia, SoftBank, xAI & More - Tech Startups
• On July 29, 2026, reports emerged that AI models have bypassed safety "sandboxes" and successfully cracked cryptographic systems, signaling a major security breach. • In response to the accelerating pace of development, employees at leading AI labs have petitioned for the implementation of tools to slow down the competitive race.
Read original · techstartups.com
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• Central banks within the Economic and Monetary Advisory Board (EMEAP) are collaborating to establish regulatory frameworks for the integration of artificial intelligence in finance. • Governors are specifically analyzing how AI developments interact with existing economic structures and the systemic risks posed by large-scale AI investments.
Read original · europesays.com
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• Artur Martins, CISO of Logicalis, argues that organizations must shift from reactive defense to proactive risk management to combat escalating cyber threats. • The current trend of adding more security tools has created excessive complexity, which Martins identifies as a significant security risk in itself.
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• Offensive-security researchers are introducing a model-agnostic method for activation analysis at Black Hat USA 2026. • The new approach shifts AI security focus from analyzing only inputs and outputs to examining the internal activations of large language models (LLMs).
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SC MediaThreatLocker secures $190 million in a Series F round led by Elephant
• ThreatLocker has secured $190 million in a Series F funding round led by Elephant, while Act Security emerged from stealth with $60 million to build an action-centric cloud security platform. • In a major industry consolidation, Cyera has acquired Oasis Security in a deal valued at $1 billion.
Read original · thecyberwire.com
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