The Tokyo District Court on Monday found two former executives of artificial intelligence developer Alt guilty of window dressing in violation of the financial instruments and exchange law. The Tokyo District Court on Monday found two former executives of Japanese artificial intelligence developer Alt guilty of window dressing in violation of the financial instruments and exchange law. Former executive officer Katsuya Asai, 46, and former treasury and accounting division chief Takayuki Ariizumi, 53, were both sentenced to three years in prison, suspended for five years. The Tokyo-based company was fined ¥300 million ($1.89 million). Noting that fictitious sales at the firm reached about ¥11 billion in total, Judge Shoji Miyata said, "The window-dressing rate was extremely high, and the company achieved a stock listing that should not have been approved."

Drone games put Ukraine's best military pilots to the test TRUSKAVETS, Ukraine - In the sky over western Ukraine, a bullet-shaped P1-SUN interceptor drone dived toward its target as dozens of soldiers looked on. A cheer went up as it cut through a tow line from another drone to a balloon, which drifted away. Ukraine's most skilled military drone pilots squared off this week not against Russia, but against each other in a competition to win bragging rights and state-of-the-art hardware for their units. Drone technology has transformed the war in Ukraine. Young men using video game consoles to operate strike drones packed with explosives -- sometimes from command centers far behind the front line -- are deeply feared by enemy soldiers.

Countries including Japan see the ability to control chips, data centers and AI models as directly related to national resilience in a landscape dominated by U.S. and Chinese technology. Sakura Internet's chief said the company may need to hike its capital spending by nearly seven times its initial plan to keep up with artificial intelligence demand in Japan. The data center operator is eyeing an allocation of as much as ¥20 billion to ¥30 billion ($125 million to $190 million) this fiscal year, founder and CEO Kunihiro Tanaka said. That's above the ¥4.4 billion in the Osaka-based company's official capital expenditure plan announced last month. "AI server usage rates are 80% to 90%," Tanaka, 48, said in an interview.

On London's streets, facial recognition tests the balance between security and liberty Temporary street signs warn pedestrians of a Metropolitan Police live facial recognition operation in London on May 11. | REUTERS London - Tourists, shoppers and office workers on a busy London street on an ordinary weekday found themselves part of a digital identity check as live facial recognition cameras scanned faces against a police watchlist. The operation was an example of a technology the Metropolitan Police say is transforming policing, helping officers arrest around 2,500 wanted people since the start of 2024, including suspects accused of violent and sexual offences. Critics, however, say live facial recognition undermines the presumption of innocence underpinning British law by treating every passerby as a potential suspect. In a time of both misinformation and too much information, quality journalism is more crucial than ever. By subscribing, you can help us get the story right.

Combined net profits at Japanese listed companies in fiscal 2025 rose 9.0% from the previous year to a record, according to SMBC Nikko Securities. Combined net profits at Japanese listed companies in fiscal 2025 rose 9.0% from the previous year to a record ¥54.7 trillion, according to SMBC Nikko Securities. The figure for the year ended in March hit a record high for the fifth consecutive year, thanks to rosy earnings of semiconductor-and data center-related companies amid strong demand for artificial intelligence, as well as strong earnings of banks on the back of higher interest rates. SMBC Nikko Securities compiled earnings data for 1,116 Tokyo Stock Exchange-listed companies in the TOPIX stock price index that close their books in March, with 99.5% of them having disclosed their fiscal 2025 earnings as of Thursday. While auto companies and other transportation equipment firms suffered sharp profit drops from the impact of a U.S. high tariff policy, profits were boosted in a wide range of industry sectors, such as electric appliances, telecommunications and nonferrous metals, supported by growing AI demand.

A Philippine Navy band plays music to welcome the Royal New Zealand Navy frigate HMNZS Te Kaha upon arrival at the South Harbor, for a four-day goodwill visit in metro Manila in April 2017. New Zealand intends to spend about 1.6 billion New Zealand dollars ($936 million) on drones, ship maintenance and naval upgrades to bolster the island nation's maritime security at a time of increasing concern about supply routes. Defense Minister Chris Penk said Saturday that the government will invest in two types of drones: one for the southwest Pacific to provide long-duration intelligence, surveillance and reconnaissance; the other is a polar-capable vehicle that can operate from naval vessels in the Southern Ocean. "New Zealand's prosperity and security depend on the sea," Penk said in a statement. "Recent events have served as a reminder of how quickly disruptions to international shipping routes can affect economies and supply chains across the globe. The oceans are not a barrier to danger, but a vital national interest that must be actively secured."

Chinese missiles and robots find warm welcome in EU's backyard Chinese leader Xi Jinping shakes hands with Serbian President Aleksandar Vucic at the Palace of Serbia during the Chinese president's two-day state visit to Belgrade in May 2024. If the European Union has a red line in Serbia's relationship to China, President Aleksandar Vucic may be getting close. The Balkan nation, the only European buyer of advanced Chinese weaponry west of Belarus, upgraded its arsenal this year to include supersonic missiles from China. Next may be fighter jets, a possible discussion topic when Vucic visits China next week. A Beijing bridgehead at the border of the EU has deepened doubts about the prospect of Belgrade joining the bloc and the limits of Vucic's strategy of juggling ties to the West, China and Russia.