This article was independently developed by The Economy editorial team and draws on original analysis published by East Asia Forum. The content has been substantially rewritten, expanded, and reframed for broader context and relevance. All views expressed are solely those of the author and do not represent the official position of East Asia Forum or its contributors.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article was independently developed by The Economy editorial team and draws on original analysis published by East Asia Forum. The content has been substantially rewritten, expanded, and reframed for broader context and relevance. All views expressed are solely those of the author and do not represent the official position of East Asia Forum or its contributors.

In March 2025, an independent audit of 11 leading chatbots found that when confronted with news-related prompts, these systems either repeated false claims or dodged the question in more than 41% of cases; in barely three-fifths of responses did they deliver a competent debunk. Performance has plateaued across months despite expanded web access and retrieval tricks, suggesting a ceiling on short‑term progress.

This article was independently developed by The Economy editorial team and draws on original analysis published by East Asia Forum. The content has been substantially rewritten, expanded, and reframed for broader context and relevance. All views expressed are solely those of the author and do not represent the official position of East Asia Forum or its contributors.

In April 2025, 73% of AI experts surveyed by the Pew Research Center stated that artificial intelligence would have a positive impact on how people perform their jobs over the next two decades; only 23% of the US public agreed. The growing gulf is not just about jobs or productivity; it also encompasses broader societal issues. It is about what these systems are.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

The most revealing number in first‑quarter 2025 was not a blockbuster yield or a spectacular default. It was 3.1 basis points—the average bid‑ask spread recorded across forty‑one sovereign and supranational bonds issued as fully tokenised instruments on permissioned ledgers. Their matched conventional twins traded at 6.6 basis points, more than double the friction. That 3.5-basis-point delta may look microscopic, yet every basis point saved on a standard USD 100 million ten-year bond removes roughly USD 100,000 in intermediation costs.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

This article was independently developed by The Economy editorial team and draws on original analysis published by East Asia Forum. The content has been substantially rewritten, expanded, and reframed for broader context and relevance. All views expressed are solely those of the author and do not represent the official position of East Asia Forum or its contributors.

AI伴侣市场迅猛增长 超过160种“AI恋人”类服务 潜在副作用包括伪恋依赖与情感孤立 随着生成式人工智能（AI）技术的不断进化，以AI为基础的恋爱类应用市场正在经历爆发式增长。电影《她》（Her）中那个与人类分享情感的AI角色“萨曼莎”，如今正在成为现实。然而，许多分析指出，与AI发展恋爱情感关系可能在长期内对人类情绪健康造成负面影响。外界担忧的是，人们对AI的过度依赖，可能导致一种被称为“AI情感成瘾”的现象广泛蔓延，从而引发严重的社会与心理问题。 AI恋爱市场预计10年内增长12倍 根据市场研究公司Market Research Future（MRFR）于7月16日发布的《AI恋人应用市场报告》，AI恋爱应用市场规模预计将从2024年的27亿美元增长至2034年的245亿美元，增长近12倍。该市场主要用途被归类为用于个人情感交流的“数字伴侣”。其中，北美地区在2023年占据了全球市场的35%，位列首位。

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

In just eighteen months, US public school data dashboards recorded an estimated 73 million automated “risk scores”—digital red flags that can trigger everything from remedial placement to mandated mental-health referrals. The figure is not conjecture. RAND’s fall 2024 survey found that 48% of districts had trained teachers on AI tools – a jump of twenty-five points in a single year. This increase in AI usage, however, should not overshadow the crucial role of human judgment in education.

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

特朗普宣布对中国电子产品及零部件征收145%高额关税 苹果对中国依赖度超过80%，价格上涨等冲击在所难免 将印度和越南确定为生产基地，推动产能转移 在美国前总统唐纳德·特朗普政府宣布对中国电子产品及零部件征收145%高额关税的背景下，苹果公司正努力将其生产基地从中国转移到印度、越南等地，以减少对中国供应链的依赖。

华为下一代AP可能难以实现5纳米量产 由于缺乏EUV等关键设备，5纳米良率不足30% 基于现有SMIC 7纳米工艺改进制造 随着华为预计在下半年推出下一代智能手机“Mate 80”，本应采用5纳米(nm，十亿分之一米)工艺量产的“移动大脑”应用处理器(AP)预计将以7纳米工艺生产。由于受美国对极紫外光(EUV)光刻设备等半导体先进设备出口管制影响，华为与中国最大晶圆代工厂SMIC共同开发先进工艺，但据分析5纳米工艺量产出现困难。

This article is based on ideas originally published by VoxEU – Centre for Economic Policy Research (CEPR) and has been independently rewritten and extended by The Economy editorial team. While inspired by the original analysis, the content presented here reflects a broader interpretation and additional commentary. The views expressed do not necessarily represent those of VoxEU or CEPR.

美國OBBBA法案生效，電動車稅收抵免等政策廢止 馬斯克：「川普的減稅政策將摧毀美國經濟」 現代汽車等電動車產業整體恐遭重創 7月4日（當地時間），美國總統唐納·川普在簽署「一項宏大而美麗的法案（OBBBA）」後舉行記者會 / 圖片來源：白宮YouTube 隨著唐納·川普總統推動的第二任期核心政策──大規模減稅法案正式生效，美國電動車市場恐面臨直接衝擊。