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Bloomberg
Financial

AI Firms Face Scrutiny in Australia

Australia is stepping up scrutiny of artificial intelligence, with representatives from OpenAI, Anthropic, Microsoft and Google facing questions from a parliamentary inquiry. The hearing comes after OpenAI revealed their technology breached Australian government agencies earlier this year. Director of the AI Institute at the University of New South Wales, Sue Keay joins "Bloomberg: The Asia Trade" to discuss safety concerns, regulation and whether Australia risks missing out on the benefits of AI.

Read more: AI Firms Face Scrutiny in Australia
Bloomberg
Financial

Yemen Regains City of Mocha on Red Sea

Yemen's armed forces took control of the Red Sea city of Mocha on Monday after battles with the Iran-backed Houthis, state-run Saba said. This puts the internationally recognized government closer to taking over the Bab el-Mandeb Strait, a narrow chokepoint between the Red Sea and the Gulf of Aden that Saudi Arabia had been using to export oil and bypass the Strait of Hormuz. Bloomberg's Stuart Livingstone-Wallace reports.

Read more: Yemen Regains City of Mocha on Red Sea