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Taiwan to spend extra $9 billion to boost defence as China threat intensifies
Taiwan is set to invest in its defence strategies and systems, spending $9 billion over the next five years
The country will spend extra on its armed forces – including on new missiles, as it warned of an urgent need to upgrade weapons in the face of a “severe threat” from giant neighbour China.
Taiwan President Tsai Ing-wen has made modernising the armed forces a priority as it is currently dwarfed by China’s.
It comes as Beijing ramps up its military and diplomatic pressure against the island it claims as “sacred” Chinese territory.
The new money, which comes on top of planned military spending of T$471.7 billion for 2022, will still however need to be approved by parliament.
“The Chinese Communists have continued to invest heavily in national defence budgets, its military strength has grown rapidly, and it has frequently dispatched aircraft and ships to invade and harass our seas and airspace,” Taiwan’s Defence Ministry said in a statement.
The nation warned of an urgent need to upgrade weapons in the face of a “severe threat” from giant neighbour, China.
It comes as Australia, the UK and the US announce a new security partnership
The deal will see the three countries share secret nuclear technology and also assist Australia as it switches to a nuclear-powered submarine fleet.
Australian Prime Minister Scott Morrison says “our world is becoming more complex, especially in the Indo-Pacific”
Morrison says his country is opening up a new friendship in its relations with the US and Britain, as he secures a brand new nuclear submarine fleet.
This follows Morrison holding a National Security Committee of Cabinet in Canberra on Wednesday.
Australia will use both US and British technology to replace its existing Collins class fleet, as the international strategic environment heats up.
The alliance deal will also see an increased presence of American nuclear subs in the region, with a focus on aligning technology and regional challenges.
The working group will ensure that the countries can share information regarding long-range strike capabilities, artificial intelligence and underwater systems in an attempt to counteract the increasing dominance of China.
Biden says it’s time to face the threats of the twenty-first century and has faith that the AUKUS alliance will allow this.
News
SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.
Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.
Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.
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Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.
Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.
As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.
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Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.
The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.
Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.
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