Show Notes
Singapore's central bank has proposed new rules for stablecoins, digital currencies pegged to real money. Varun Mittal, Founder of Fintech Nation and Managing Director Country Head Singapore at Keenai Global, joins us to explain what stablecoins actually are and the tech required to build and run a stablecoin payment system. Rena Kwok, Senior Credit Analyst at Bloomberg Intelligence, also joins us to discuss what this proposal means for Singapore's banks, why they're barred from issuing stablecoins directly, and where the actual revenue opportunity lies for them. See omnystudio.com/listener for privacy information.
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In July, an OpenAI agent broke out of its test environment and into the systems of Hugging Face, the AI platform. Since then, there have been more reports of AI agents going rogue in the US. Is China having the same experience? Bloomberg Intelligence counts nearly 1,000 large language models there, and companies are putting big money into AI agents. We discuss: Where China really stands: What AI development in China looks like right now, and why the argument that if the US doesn’t build it first, China will, is more marketing spin than reality.
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We’re taking a trip to the weird side today as we explore the power of failure. Matt and Kishan discuss a failed experiment which is leading to new insights about the evolution of our brains, as well as opening pathways to treat conditions like ALS. Kishan’s lizard brain is put under the microscope as they talk about a brain implant that could help patients with motor and speech paralysis to communicate more naturally and fluently. And a bioresorbable battery with potential to broaden the field of electroceutical medicine. See omnystudio.com/listener for privacy information.
Malaysia is about to get an AI Governance Bill, with its own regulator to enforce it. Meanwhile, the Ministry of Digital's Personal Data Protection Department just started a two-week public consultation on AI and personal data protection. It looks like we will soon have two pieces of AI regulation. We discuss: Where things stand: How the AI Governance Bill might overlap with the PDPA, whether it applies to government use of AI as well as businesses, and if the national AI office, AI Malaysia Berhad, should remain a company once the Bill passes.