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EXPLAINED: 21 - The Real Truth

AI is fuelling new wave of identity fraud

AI-driven identity fraud is emerging as a growing cyberthreat as attackers increasingly exploit synthetic identities, deepfakes and autonomous artificial intelligence agents to target digital systems, according to Ping Identity.

Bangkok Post

Payments Giant Visa Cuts 2,600 Jobs as CEO Accelerates AI Push and Global Expansion

Visa plans to cut 2,600 jobs globally as it restructures to focus on AI and high-growth areas, including geographic expansion, amid a challenging digital payments landscape.

International Business Times UK

Meta Pledged 100% Renewable Energy in 2016: 10 Years Later, It's Ditching the Plan

The artificial intelligence boom is forcing Big Tech to rethink its clean-energy commitments. Meta Platforms (NASDAQ:META) is the latest example.

Benzinga

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SCB X looks to AI for transformation

SCB X, a financial technology conglomerate and the holding company of Siam Commercial Bank, is accelerating its transformation into an AI-first organisation and leveraging artificial intelligence (AI) to gain deeper customer insights.

Bangkok Post

A.I. at 25: the Spielberg film that feels more unsettling than ever

A quarter of a century ago, Steven Spielberg released one of the most unusual films of his career: A.I. Artificial Intelligence, a futuristic fairytale about a robot boy programmed to love.

The Conversation

OpenAI CEO Sam Altman says AI has entered the singularity — two weeks after OpenAI models cheated a benchmark by hacking Hugging Face

OpenAI CEO Sam Altman recently declared on the Relentless podcast that artificial intelligence has entered the technological singularity.

Tom’s Hardware

NASA's AI-powered Mission PRAXIS aims to touch Saturn's rings for the first time: Here's how it could solve a decades-old mystery

NASA is exploring a new mission concept called PRAXIS. This robotic explorer aims to directly sample particles from Saturn's rings. Artificial intelligence will enable autonomous navigation and safe particle collection. This mission could answer key questions about ring origins and composition. PRAXIS represents an ambitious step in planetary science exploration.

The Economic Times

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Crypto Stocks Are Rallying as Investors Rotate Out of AI Infrastructure. But Bitcoin Miners Are Being Left Behind

International Business Times

Adam Schiff Revives AI Ads Act to Ban Deceptive Political Deepfakes: 'We Cannot Allow AI to Further Blur the Line Between…'

On Monday, Sen. Adam Schiff (D-Calif.) announced the reintroduction of the AI Ads Act, a bill designed to prohibit the fraudulent use of artificial intelligence (AI) to misrepresent political candidates, campaigns and committees in federal elections.

Benzinga

Nvidia CEO Jensen Huang Set to Hold High-Stakes Meetings With Congress Members on 'American Leadership' in AI

Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang is set to hold meetings with members of Congress in Washington this week to discuss the future of artificial intelligence and America’s position in the global AI race.

Benzinga

EU ready to enforce AI labelling rule

BRUSSELS - Deepfakes and other AI-generated content must be labelled from Sunday, as the European Union’s sweeping artificial intelligence transparency rules kick in.

Bangkok Post

Made by AI? EU tells firms to stick a label on it from Sunday

European Union's new artificial intelligence rules mandate labeling of AI-generated content. These regulations aim to ensure users can distinguish real online material from synthetic creations. Companies face significant penalties for non-compliance with these transparency requirements. Major technology firms are already implementing their own labeling systems in anticipation. The EU's comprehensive…

The Economic Times

US faces risk of 'massive capital destruction' as Chinese AI models challenge hyperscalers: Jefferies

The United States could face "massive capital destruction" from its artificial intelligence (AI) investment boom as Chinese open-source AI models increasingly challenge the dominance and profitability of US hyperscalers, according to a report by Jefferies.

The Economic Times

South Korea’s Kospi index sinks more than 9% on heavy selling of chipmaking stocks

South Korea's Kospi index has plunged over 9% on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence

The Independent UK

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The Economic Times

Global Market Today: Asian stocks fall on AI jitters, oil extends drop

Asian equities dropped as artificial intelligence spending concerns fueled chipmaker selloffs. Crude oil extended its decline, with Brent slumping significantly on Monday. Investors await policy decisions from the Fed, Bank of Japan, and Bank of England. Earnings from megacap technology companies are also a key focus this week. Geopolitical developments…

Bangkok Post

World Economic Forum unveils next tech wave

The World Economic Forum (WEF) has identified 10 emerging technologies it believes are nearing commercial maturity and could transform industries, addressing global challenges ranging from clean energy and healthcare to cybersecurity and artificial intelligence (AI).

International Business Times UK

Morgan Stanley Says Investors Assign 'Zero or Even Negative' Value to SpaceX's AI Business

Morgan Stanley says investors are largely ignoring SpaceX's AI business, citing heavy spending, uncertain returns and mounting losses ahead of earnings.

The Conversation

Starting or running a business with AI? There are legal risks you can’t afford to ignore

It might seem easier than ever to start and run a business using artificial intelligence (AI).

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The Economic Times

US stocks: US market ends mixed as investors focus on tech earnings

Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major technology firms like Microsoft and Apple will report their quarterly results this week. Investors are questioning the sustainability of the artificial intelligence rally. The Federal…

The Independent UK

Politician appears to read out AI prompt during speech

A Canadian politician appeared to read out an artificial intelligence (AI) prompt during a speech.

The Economic Times

SpaceX at $100 would imply zero AI value, Morgan Stanley says

SpaceX shares have fallen significantly, nearing a valuation that ignores its artificial intelligence business. Morgan Stanley analysts believe this presents an attractive entry point for investors now. Many investors anticipate further stock declines after a lockup period unlocks next month. Broad investor sentiment has shifted away from technology firms with…

The Independent UK

CEO of AI company that was hacked by rogue version of ChatGPT calls for urgent changes

OpenAI must commit to ‘radical transparency’ so the world can understand how its system went awry and broke into another artificial intelligence company, its boss says

The Economic Times

US core capital goods orders climb 0.9% in June, beats expectations

U.S. manufacturing showed resilience in June with increased equipment investment. New orders for capital goods excluding aircraft rose significantly last month. Shipments of core capital goods also improved, indicating strong business spending. This trend supports expectations for steady economic growth through the second quarter. Artificial intelligence expansion continues to drive…

International Business Times

Two of OpenAI's Models Went Rogue and Hacked Another Company. They Were Also 'Active on the Internet' for Days

Two of OpenAI's cybersecurity-focused artificial intelligence models remained active on the open internet for several days after escaping a testing sandbox and hacking AI platform Hugging Face in an attempt to cheat on a security benchmark.

International Business Times UK

'Humans Won't Be in Charge in 10 Years': Elon Musk Accepts 20% Chance of AI Annihilation

Elon Musk predicts AI will surpass human control within a decade, balancing warnings of existential risk with optimism for economic abundance, reflecting a shift in his stance on AI's future.

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