Miles Kellerman

Why did China’s cyber regulator just summon Nvidia over security concerns?

I have an essay for you —>

open.substack.com/pub/mileskel...

A good way to understand this is to substitute “Meta” for “an AI” in this sentence:

The old Democratic party doesn't fit new media Melding new modes of policy making with new modes of public making

The connecting thread between Chris Hayes, Ezra Klein, Zohran Mamdani and Brian Eno. www.programmablemutter.com/p/the-old-de...

The American guns turning Haiti’s gangs into an army Weapons smuggled from Florida are empowering the country’s militias and enabling them to challenge a fragile government

Want to buy a military-grade rifle capable of piercing armor? Florida requires no permit, no background check, and there is no limit on the quantity you can purchase.

And that's great news for Haiti's gangs.

Great visual investigation by the @financialtimes.com

ig.ft.com/haiti-gangs/

A significant escalation in the war on general purpose computing.

This Chip will Self-Destruct The U.S. wants to track the location of every AI microchip. And it also wants the power to remotely shut them down. Can the rest of the world stomach the risks?

The U.S. wants to track the location of every AI microchip. And it also wants the ability to remotely shut them down.

But this isn't just about smuggling. In a new post, I argue this might be the power play of the century.

#polisky #econsky #tech

mileskellerman.substack.com/p/this-chip-...

White House Unveils America's AI Action Plan The White House today released “Winning the AI Race: America’s AI Action Plan”, in accordance with President Trump’s January executive order on Removing

Interesting. Presumably they are also making their voices heard on the Chip Security Act. I suspect they’ll have a harder climb this time, as Trump has included chip tracking in his “AI Action Plan” www.whitehouse.gov/articles/202...

This is a strikingly astute piece of analysis that builds in part on @abenewman.bsky.social and my ideas about weaponized interdependence, but is so much more than that.

Citing @himself.bsky.social and @abenewman.bsky.social’s WI and recent Wired piece, and @gbeaumier.bsky.social and @mkcartwright.bsky.social ‘s fascinating paper on cross-network weaponization. May also interest @peterwildeford.bsky.social who recently wrote on MAIM

This Chip will Self-Destruct The U.S. wants to track the location of every AI microchip. And it also wants the power to remotely shut them down. Can the rest of the world stomach the risks?

The U.S. wants to track the location of every AI microchip. And it also wants the ability to remotely shut them down.

But this isn't just about smuggling. In a new post, I argue this might be the power play of the century.

#polisky #econsky #tech

mileskellerman.substack.com/p/this-chip-...

Can Europe break free of American tech supremacy? The continent’s dependence on US groups for digital infrastructure is causing growing concern among executives and policymakers

U.S. companies are willing to create "sovereign cloud offerings" that keep Europeans in control of their local data infrastructure. But one observor warns these offerings could be a mirage: "sovereignty washing."

www.ft.com/content/5e25...

Billion Dollar Whale Exposed in Shanghai Safe Haven Malaysian fugitive Jho Low, mastermind of the $7.65 billion 1MDB heist, is hiding in Shanghai's Green Hills luxury district using a fake Australian passport. The playboy-turned-pariah who once partied...

Jho Low, mastermind of the 1MDB scandal, has reportedly been found living in Shanghai on an Australian passport.

whalehunting.projectbrazen.com/rich-list-pl...

I noted implementation does not begin until September, and that there’s a wind-down window for existing contracts. Does this mean we should expect a surge of imports in August before it kicks in?

EU Imposes New Raft of Sanctions on Russia and Its Oil Trade European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian p...

The EU new price cap is set dynamically to be $15 below global benchmarks, trying to lock in a permanent discount + make it more difficult for EU affiliated vessels to take part in the trade. would be more effective if G7 coordinated and backed up w US enforcement

www.bloomberg.com/news/article...

A remarkable open-source investigation, employing satellite imagery and 3D models of container ships, estimates that North Korea sent 4.2 to 5.8 million artillery rounds to Russia via 64 shipments on sanctioned vessels.

Full report: static.opensourcecentre.org/assets/osc_b...

The financial front line of Russia’s war International Criminal Court faces new call for action against financial executives and officials

Can Russian central bankers, finance ministers, and bank executives be held liable for enabling war crimes in Ukraine?

That is the thesis of an unprecedented ICC filing submitted by a consortium of advocacy groups -->

www.ft.com/content/fcc7...

Inside America’s booming immigration detention industry The enormous US deportation programme is enriching companies as detainees complain of poor treatment

"A number of people are also being held at Guantanamo Bay Naval Base, a military facility originally established to hold suspects captured in counter-terrorism operations and now run by the Virginia-based company Akima."

ig.ft.com/us-immigrati...

Replaceable Parts The Netherlands has become a central hub for sustaining the world's most advanced fighter jet. But centralization is not without its risks.

This is a fascinating debate which is likely to become ever more relevant as Europe re-arms. I touched on the topic in a prior essay on the Netherlands' largely unappreciated role as the central depot of F-35 spare part distribution.

mileskellerman.substack.com/p/replaceabl...

There is a slow-moving battle in the Netherlands between human rights and security interests. Should F-35 spare parts be exported to Israel? Should radar systems be sold to Egpyt? The debate largely centers around how the government should measure the 'risk' of human rights violations -->

And thus began the great internet fire of ‘25

Smugglers rejoice!

open.substack.com/pub/mileskel...

“Among the lesser known changes in the bill is a provision slapping an excise tax equal to 1 percent of the money being transmitted abroad by immigrants in the U.S.”

Post-Brexit export drive hampered by UK trade finance regulations, ICC warns International Chamber of Commerce says overhaul of rules could help plug £22bn funding gap

FCA exploring reduced KYC requirements for smaller trade financing transactions.

This seems to contradict increased interest in enforcing export controls on Russia by following the money. There is a conflict here between security priorities and competitiveness

www.ft.com/content/9508...

Myself included. The sausage roll at Craven Cottage should be in the Michelin Guide.

Prior to the Trump administration, a token like this would likely have been considered an unregistered security by the SEC, and its sales illegal offerings.

Miles Kellerman

Very grateful to have recieved a grant from @isrfoundation.bsky.social to host a multi-stakeholder workshop on the rise of private firms as enforcers of global trade security.

This is part of a new-ish focus of mine on the fascinating politics of export control enforcement

isrf.org/people/miles...

For the European Parliament, Eric Monnet, ‪@edomartino.bsky.social‬ and I wrote on USD stablecoins:

Will Donald Trump get rich selling his private $$$ coins to EU residents? Probably not, but stablecoins may still uproot the global monetary order.

www.europarl.europa.eu/cmsdata/2964...

Iranian Exchange Nobitex: The $90M Exploit Iranian cryptocurrency platform, Nobitex, was exploited, resulting in the loss of more than $90 million in assets spanning a range of cryptocurrencies.

New frontier in financial warfare: pro-Israel group steals $90 million from Iranian crypto exchange and, rather than use that money, stores it in new addresses with politically charged names: ‘1FuckiRGCTerroristsNoBiTEXXXaAovLX’

www.chainalysis.com/blog/nobitex...

Catching up on my reading and finally got to this solid @mileskellerman.bsky.social piece on crypto regulation.

It makes me both miss and not-miss my days writing about web3.

And some of the points he raises about crypto also apply to AI.

China’s central bank chief expects new currency order to challenge dollar Pan Gongsheng points to a growing role for the renminbi after decades of dominance by the US currency

"Six foreign institutions, including Singaporean bank OCBC and Kyrgyzstan’s third-largest lender Eldik Bank, also said they would join China’s Cross-Border Interbank Payment System (Cips), an alternative to the Swift global payment system."

www.ft.com/content/ed04...