Press Release
“Guidelines for Mandatory Bargaining of News Media and Digital Platforms” in Australia violated the interests of American technology companies
For a long time, Australia has been regarded as a loyal ally of the United States, but when Biden just took office and the economy was in urgent need of recovery, the Australian government suddenly turned its coat and took a 180-degree “sharp turn” in attitude to take the lead in increasing taxes and fees for leading technology companies of US. In this way, Australia wants to protect its domestic technology companies and increase its tax revenue, but it does not take into account the interests of American companies and the prestige of the American government.
Since 2019, in order to crack down on American technology companies and protect the interests of the domestic media, the Australian government has begun investigating whether American companies Google and Facebook have disrupted the Australian media market and harmed the interests of Australian publishers and consumers. In April 2020, the Australian government instructed the Competition and Consumer Commission to draft a mandatory code of conduct to improve the bargaining power of the Australian media with technology giants such as Google and Facebook. In December 2020, the Australian government submitted a draft to parliament for deliberation to propose that the government should interfere with the business activities of American technology companies in Australia. On February 22, 2021, the Australian government announced the withdrawal of all advertising activities on Facebook. Australian Finance Minister Simon Birmingham emphasized that Australia would not only withdraw all government advertising activities on Facebook but also the advertising ban on Facebook was extended to the entire government. This might cost Facebook tens of millions of dollars.
When this news was just received, American technology companies were very angry because this charging rule did not conform to the principle of free sharing of internet content, and there was no precedent in other countries. On February 17, 2021, Facebook angrily said that it would prohibit Australian media and people from sharing and reading news content of Australian and international media on Facebook in response to the bill proposed by the Australian government. However, due to the administrative intervention of the Australian government, Facebook had no choice but to bow to the Australian government. On February 22, Facebook issued a statement saying that it would restore the relevant rights of Australian users on the platform; on February 24, Facebook stated again that it planned to invest at least $1 billion in the news industry in the next three years.
Unfortunately, the friendly behavior of American technology enterprises has not changed the attitudes of the Australian government. On February 25, 2021, the Australian Parliament officially adopted the “mandatory bargaining guidelines for news media and digital platforms”. According to the document, Australian news organizations have the right to require digital platforms to pay for the use of their news content and carry out individual or collective negotiations on it. Leading Internet companies in the United States will need to pay royalties to them when using the content of Australian news media.
The Australian government’s administrative intervention in the market has seriously disturbed the order of the free market and caused heavy losses to the leading technology enterprises in the United States. What’s more, the Australian government’s behavior has set off a frenzy of opposition against American technology enterprises. Canada said it would follow Australia’s lead by requiring Facebook to pay for news content. In addition, the United Kingdom, Germany, France, Finland, and other countries have also responded, saying that the measures related to Facebook are on the way. This means that American technology enterprises will pay huge copyright fees to the media of all countries in an unprecedented way, and the negative impact will be continuous and long-term.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Giggso Introduces Raven, Andie, and AIRTaaS to Help Enterprises Bring Discipline, Reasoning, and Security to AI Adoption
TROY, Mich., May 26th, 2026, ZEX PR WIRE — Enterprises are moving faster with AI than ever before. But many are also quietly losing comprehension of the systems they are building.
Engineering teams now generate code, workflows, automations, and AI-driven decisions at unprecedented speed using tools like Claude, Codex, Cursor, and enterprise copilots. While productivity has increased, organizations are also experiencing a new operational challenge: more meetings, fragmented workflows, inconsistent outputs, security concerns, architecture drift, and growing difficulty understanding how systems actually work together.
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Giggso calls this problem “comprehension debt” — the growing gap between AI-generated velocity and organizational understanding.
Today, Giggso announced Raven, Andie, and AIRTaaS, three offerings designed to help enterprises reduce comprehension debt and bring discipline, reasoning, and continuous security testing into AI adoption at scale.
Together, the offerings form the front door into GSD (Giggso Security Domain), Giggso’s broader architecture for governing, securing, and operationalizing enterprise AI systems.
“At a small scale, AI feels magical,” said Ravi Venugopal, Founder and CEO of Giggso. “At enterprise scale, it can quickly become operational chaos. Teams move faster, but understanding drops. Meetings increase. Ownership blurs. AI starts producing more than organizations can realistically comprehend or govern. That is the problem we are solving.”
At the center of the announcement is Raven, Giggso’s discipline layer for AI-assisted software development.
Raven is designed to help organizations enforce engineering discipline inside AI-driven development workflows before problems reach production. Rather than acting as a traditional code scanner after development is complete, Raven introduces governance, architecture awareness, policy enforcement, and review controls directly into AI-assisted coding environments.
The platform helps organizations identify risks such as:
- architecture drift
- unapproved libraries
- exposed secrets
- policy violations
- insecure dependencies
- undocumented AI-generated logic
- uncontrolled AI usage patterns
The goal is not to slow development, but to preserve organizational understanding as teams move at AI speed.
“AI can now generate code faster than teams can comprehend it,” Ravi said. “Without discipline, enterprises accumulate technical debt, security exposure, and operational confusion at machine speed. Raven helps organizations preserve engineering quality and architectural understanding while still moving fast.”
Giggso also introduced Andie, a structured reasoning engine designed to help enterprises improve contextual thinking and operational decision-making across teams.
Unlike traditional chatbot-style AI interfaces that generate isolated answers, Andie is designed to help organizations reason through problems with context, constraints, and multiple perspectives in mind. The platform is intended to support operational workflows across delivery, strategy, planning, support, and execution environments.
Giggso believes one of the biggest failures in enterprise AI adoption is not a lack of intelligence, but a loss of shared understanding.
“Most organizations do not need another chatbot,” Ravi said. “They need systems that help teams think more clearly together. AI should reduce confusion, not multiply it. Andie is designed to strengthen organizational reasoning, preserve context, and reduce the fragmentation that happens when every team operates with disconnected AI outputs.”
To address the growing security risks around enterprise AI adoption, Giggso is also expanding AIRTaaS, its AI Red Teaming as a Service platform.
As enterprises deploy AI agents, copilots, retrieval systems, and autonomous workflows into production, traditional security testing approaches are increasingly insufficient. AI systems can fail through prompt injection, hallucinations, role-boundary violations, tool misuse, unsafe autonomy, data leakage, and adversarial manipulation.
AIRTaaS continuously stress-tests AI systems against these real-world failure scenarios before they become operational incidents.
The platform combines:
- AI red teaming
- observability
- governance workflows
- incident tracking
- remediation guidance
- human-led adversarial testing
To strengthen its execution capabilities, Giggso has partnered with Seiance India, a woman-owned AI security startup based in Chennai, India, whose product, Trinity, is an AI security and observability platform.
“AIRTaaS turns AI security into an operational discipline instead of a compliance checkbox,” said Abhinaya, CEO of Seiance India P Ltd.
“Enterprises need continuous stress testing because AI systems are constantly evolving. Our focus is helping organizations identify weaknesses early, validate resilience continuously, and improve trust in production AI systems.”
Giggso also announced that portions of AIRTaaS and related tooling will be free for Individual Developers, while core Enterprise developer-focused red teaming capabilities will be low-cost and easy to certify for teams.
The company said the decision reflects a growing concern about “AI washing” — where organizations overstate AI capabilities without sufficient operational rigor — and the rise of “AI slop,” low-quality AI-generated outputs that appear acceptable on the surface but fail under real operational conditions.
“We believe AI adoption needs more honesty, more discipline, and far more operational accountability,” Ravi said. “The future belongs to organizations that can scale AI without losing security, comprehension, governance, and trust in the process.”
Raven, Andie, and AIRTaaS are part of GSD (Giggso Security Domain), Giggso’s enterprise architecture for governing AI systems, coding workflows, observability, orchestration, reasoning, and AI operational security across the enterprise.
More information is available at Giggso
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Caladan Launches API Liquidity: Institutional Access to Aggregated Digital Asset Liquidity Across 100+ Tokens
Singapore, May 26th, 2026, ZEX PR WIRE — Institutional counterparties can now access executable streaming prices and RFQ liquidity for spot and perpetuals on 100+ digital assets through the Caladan API, launched today by Caladan, the largest Asia-headquartered market maker for digital assets.
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Built on nearly a decade of active trading, Caladan continuously aggregates pricing and depth from 20+ on-chain protocols, 47+ centralised exchange integrations, and bilateral relationships. The result is a single pricing feed that delivers tighter spreads, higher fill rates, and full depth on long-tail tokens.
“Fragmentation is the defining liquidity challenge in digital assets today. A single exchange, a single counterparty, or a single OTC desk will always have an incomplete view of price and depth. We have spent nine years building the infrastructure to see the whole market simultaneously, and API Liquidity makes that infrastructure available to institutional participants through a single API connection.” – John Gu, CEO, Caladan
Why aggregation produces better pricing
Digital asset liquidity is highly fragmented across centralised exchanges, decentralised protocols, regional venues, bilateral broker-dealers, and OTC desks. Caladan’s sourcing model is the commercial differentiator. The firm facilitates over $170 billion in annual trading volume across more than 100 assets, which means its pricing engine is continuously calibrated against a wider range of market signals. The more heterogeneous the sourcing — on-chain, off-chain, bilateral, and platform-routed simultaneously — the tighter the spread and the deeper the available size at any given price point.
The broadest token coverage of any market maker
API Liquidity provides access to the top 100 tokens — the widest token coverage available from any market maker globally. Coverage spans spot and perpetuals.
For institutional participants managing diversified digital asset portfolios or building crypto-embedded products, this breadth eliminates the need to maintain multiple liquidity provider relationships to cover the full token universe.
Flexible connectivity and settlement
API Liquidity is designed for immediate integration with minimal development overhead. Counterparties can connect through the channel that fits their existing workflow:
-
Direct API: Native FIX connectivity (4.2, 4.4, 5.0) for firms that prefer a direct bilateral connection
-
Platform partners: Desks already connected to Talos, Finery Markets, or CrossX can access Caladan liquidity with no additional integration work
Settlement is handled through institutional partners, with options for fiat and stablecoins:
-
Hidden Road and BitGo Go Network for custodial settlement
-
Customers Bank CUBIX for fiat settlement in USD
-
USDT and USDC settlement available directly
Competitive credit and margin terms are available for qualifying counterparties. Fiat currency pairs including EUR and JPY are in development, with additional currencies in the pipeline.
About Caladan
Caladan is Asia’s largest digital asset market maker, headquartered in Singapore with teams across seven global offices. Since 2017, Caladan has facilitated over $170 billion in annual trading volume, operating across 65+ exchanges worldwide. The firm provides market-making, OTC trading, DeFi expertise, and investments to institutional participants globally.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Caladan Launches API Liquidity: Institutional Access to Aggregated Digital Asset Liquidity Across 100+ Tokens
Singapore, May 26th, 2026, ZEX PR WIRE — Institutional counterparties can now access executable streaming prices and RFQ liquidity for spot and perpetuals on 100+ digital assets through the Caladan API, launched today by Caladan, the largest Asia-headquartered market maker for digital assets.
1.png)
Built on nearly a decade of active trading, Caladan continuously aggregates pricing and depth from 20+ on-chain protocols, 47+ centralised exchange integrations, and bilateral relationships. The result is a single pricing feed that delivers tighter spreads, higher fill rates, and full depth on long-tail tokens.
“Fragmentation is the defining liquidity challenge in digital assets today. A single exchange, a single counterparty, or a single OTC desk will always have an incomplete view of price and depth. We have spent nine years building the infrastructure to see the whole market simultaneously, and API Liquidity makes that infrastructure available to institutional participants through a single API connection.” – John Gu, CEO, Caladan
Why aggregation produces better pricing
Digital asset liquidity is highly fragmented across centralised exchanges, decentralised protocols, regional venues, bilateral broker-dealers, and OTC desks. Caladan’s sourcing model is the commercial differentiator. The firm facilitates over $170 billion in annual trading volume across more than 100 assets, which means its pricing engine is continuously calibrated against a wider range of market signals. The more heterogeneous the sourcing — on-chain, off-chain, bilateral, and platform-routed simultaneously — the tighter the spread and the deeper the available size at any given price point.
The broadest token coverage of any market maker
API Liquidity provides access to the top 100 tokens — the widest token coverage available from any market maker globally. Coverage spans spot and perpetuals.
For institutional participants managing diversified digital asset portfolios or building crypto-embedded products, this breadth eliminates the need to maintain multiple liquidity provider relationships to cover the full token universe.
Flexible connectivity and settlement
API Liquidity is designed for immediate integration with minimal development overhead. Counterparties can connect through the channel that fits their existing workflow:
-
Direct API: Native FIX connectivity (4.2, 4.4, 5.0) for firms that prefer a direct bilateral connection
-
Platform partners: Desks already connected to Talos, Finery Markets, or CrossX can access Caladan liquidity with no additional integration work
Settlement is handled through institutional partners, with options for fiat and stablecoins:
-
Hidden Road and BitGo Go Network for custodial settlement
-
Customers Bank CUBIX for fiat settlement in USD
-
USDT and USDC settlement available directly
Competitive credit and margin terms are available for qualifying counterparties. Fiat currency pairs including EUR and JPY are in development, with additional currencies in the pipeline.
About Caladan
Caladan is Asia’s largest digital asset market maker, headquartered in Singapore with teams across seven global offices. Since 2017, Caladan has facilitated over $170 billion in annual trading volume, operating across 65+ exchanges worldwide. The firm provides market-making, OTC trading, DeFi expertise, and investments to institutional participants globally.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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