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AI-enabled cyberattacks biggest near-term threat to Indian banks, says RBI

Artificial intelligence-enabled cyberattacks were classified as the “most important” near-term cyber threat for the Indian banking system by the RBI on Tuesday. The RBI said it undertook a survey on the system’s preparedness which revealed that financial institutions have established robust practices in cyber risk management, particularly vulnerability assessment and penetration testing of critical information … Read more

India’s digital transformation story sets new benchmarks with robust digital public infrastructure

Digital India has transformed the way we live, work, communicate, transact and access essential services. It has become an integral part of our lives that we often don’t notice how much we rely on it. From making instant digital payments to accessing government services with a few clicks and availing timely healthcare services to filing … Read more

Explained | How India plans to make government data AI-ready

India has built one of the world’s largest digital public infrastructure ecosystems through platforms such as Aadhaar, UPI and DigiLocker. The government’s next challenge, however, is ensuring the vast volumes of data generated across ministries can work together. A new handbook released by the Ministry of Statistics and Program Implementation (MoSPI) lays out a roadmap … Read more

Taiwan raids Super Micro in widening China chip smuggling probe

Taiwan government agencies raided the offices of Super Micro Computer and several of its local affiliates, deepening an investigation into the alleged smuggling of Nvidia chips into China using the company’s servers. Local investigators raided the residences of six people and the sites of three affiliated companies on Monday as part of an ongoing probe … Read more

Explained: AI’s impact on senior level roles

Mark Zuckerberg, as reported by the Wall Street Journal, is building a “CEO agent” to help him do his own job. The tool is reportedly meant to help him retrieve information faster and cut through layers of internal communication. Separately, the Financial Times reported that Meta was also working on a photorealistic AI version of … Read more

Tech Mahindra to deploy Perplexity AI across sales, customer-facing teams

IT services firm Tech Mahindra on Monday, June 29, said it will deploy AI platform Perplexity across its sales and customer-facing teams to provide real-time, source-backed insights for better client engagement. The integration of ‘Perplexity Enterprise Pro’ aims to equip senior sales leaders and customer partners with intelligent tools to research customer priorities efficiently, understand … Read more

Building an app with AI costs 17 times more than getting an answer

Building an app or website with Anthropic’s Claude can consume more than three times the computing power of a typical AI conversation, while generating a simple explanation that uses only about one-fifth as many tokens, according to Anthropic’s latest Economic Index report. The report, published on June 26, highlights how different AI tasks demand vastly … Read more

South Korea’s ‘mega project’: Samsung, SK to invest $1.3 trillion over 10 years, says report

South Korea is set to unveil three “mega-projects” to fuel its next growth phase, including a new semiconductor hub in the southwest that local media say could attract investments by Samsung and SK spanning hundreds of billions of dollars over several years. The announcement would mark President Lee Jae Myung’s boldest push yet to align … Read more

Why the ₹15,000 smartphone is disappearing

India’s affordable smartphone market is being caught in the crossfire of two global forces beyond the control of manufacturers: an AI-led surge in demand for memory chips and a weakening rupee. The combination is driving up production costs, forcing brands to increase prices, trim specifications and rethink their entry-level portfolios. India’s affordable smartphone market is … Read more

There’s a lot of money in working against AI too

With unprecedented money flowing into artificial intelligence (AI), the cost of generating synthetic media has dropped to near zero. For the same reason, the premium on proving authenticity rises exponentially. Therefore, commercial banks, global advertisers, and sovereign governments are investing in startups developing tools to verify human identity in an era of cheap, generative AI. … Read more

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