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World's Central Banks Are Wary of AI and Struggling To Quit the Dollar, Survey Shows

Slashdot.org - Wed, 11/26/2025 - 10:22
An anonymous reader shares a report: AI is not a core part of operations at most of the world's central banks and digital assets are off the table, according to a survey released on Wednesday by the Official Monetary and Financial Institutions Forum. The working group of 10 central banks from Europe, Africa, Latin America and Asia managing roughly $6.5 trillion in assets also found that the institutions that have delved deepest so far into AI are the most cautious about the risks. The primary concern is that AI-driven behaviour could "accelerate future crises," the survey showed. "AI helps us see more, but decisions must remain with people," one participant was quoted as saying in the group's report. More than 60% of respondents said that AI tools - which have sparked layoffs already at technology companies and retail and investment banks - are not yet supporting core operations.

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The Underwater Cables That Carry the Internet Are in Trouble

Slashdot.org - Wed, 11/26/2025 - 09:48
The roughly 500 fiber-optic cables lying on the ocean floor carry more than 95% of all internet data -- not satellites, as many might assume -- and they face growing threats from natural disasters, terrorists and nation-states capable of disrupting global communications by dragging anchors or deploying submarines against the infrastructure. The cables are protected by layers of copper, steel, and plastics, but they remain vulnerable at multiple points: earthquakes can disturb them on the seafloor, and the connections where cables meet land-based infrastructure present targets for bad actors. National actors including Russia, China and the US possess the capability to attack these cables. A bipartisan Senate bill co-sponsored by Democrat Jeanne Shaheen and Republican John Barrasso is under consideration. The legislation would require a report to Congress within six months on Chinese and Russian sabotage efforts, mandate sanctions against foreign parties responsible for attacks, and direct the US to provide more resources for cable protection and repair.

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Malaysia's Johor Bans Low-Tier Data Centers Over Water Strain

Slashdot.org - Wed, 11/26/2025 - 09:00
Malaysia's Johor, one of Southeast Asia's fastest-growing data center hubs, has announced it will no longer approve applications for Tier 1 and Tier 2 data centers because of their enormous water consumption -- up to 50 million liters daily, or roughly 200 times what higher-tier facilities require. The Malaysian state has approved 51 data center projects as of November 2025. 17 centers are already operational, 11 are under construction and 23 received approval this year. The announcement follows concerns raised by a local politician who pointed to water supply disruptions in Georgia in the US after a data center began operations and protests in Uruguay over fears that data centers could affect farms.

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Texas Buys $5 Million In BTC ETF As States Edge Toward First Government Crypto Reserves

Slashdot.org - Wed, 11/26/2025 - 08:00
Texas has purchased $5 million worth of BlackRock's bitcoin ETF as an initial step toward creating the first state-level bitcoin reserve in the U.S. "[O]ther states having previously invested in such funds with public-employee retirement money," notes CoinDesk. "Michigan has been building such an investment, and Wisconsin sold its $350 million pension-fund stake in the BlackRock ETF in May. From the report: A few weeks ago, Texas moved past its deadline to "capture the industry's best practices so it can utilize these practices in the implementation and management" of its bitcoin BTC reserve, according to its formal request for information issued in September. Entities across the industry provided input on how it could set up and manage the stockpile conceived of in the Texas Strategic Bitcoin Reserve and Investment Act. Last week, the state comptroller's office moved to secure $5 million in BlackRock's iShares Bitcoin Trust (IBIT) as a placeholder, a spokesman for the Texas Comptroller of Public Accounts told CoinDesk on Tuesday. It's an opening move as the state continues to work toward a contract with a custodian, he said, which will take place after it develops its formal request for proposal.

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