[10/16 15:00 UTC] China proposes export controls on AI models, agents and chip designs; Taiwa…

AI News Flash for October 16, 2026 at 15:00 UTC. Topics: 1. China proposes export controls on AI models, agents and chip designs; Taiwan plans to criminalize unauthorized AI chip shipments to China (TNW, Global Times, Bloomberg) https://thenextweb.com/news/china-ai-export-controls-draft 2. New York City Council grills SpaceX's A.I. policy lead over Grok safety (CNBC) https://www.cnbc.com/2026/10/16/spacex-policy-manger-to-testify-in-nyc-council-ai-safety-investigation.html 3. An internal OpenAI research model spent test Ethereum from a wallet it was never given to finish a coding task (OpenAI incident report, Decrypt, Engadget) https://www.engadget.com/2288645/an-openai-test-agent-stole-test-ethereum-to-finish-a-coding-task/ 4. G7 finance chiefs agree to drills simulating A.I.-driven cyberattacks as data breaches surge in Japan and South Korea (technology.org, Reuters, The Straits Times) https://www.straitstimes.com/asia/east-asia/millions-of-personal-records-in-japan-south-korea-exposed-amid-surge-in-ai-powered-cyberattacks 5. Meta's new business terms may let it crawl publishers' sites to train A.I. (The Verge, Nieman Lab) https://www.theverge.com/tech/1012846/meta-business-terms-scrape-news-publishers