Insurance companies are reportedly anticipating multimillion-dollar claims related to so-called “rogue” artificial intelligence (AI) agents. That’s according to a report Tuesday (Oct. 6) by the Financial Times (FT), which says the situation has insurers and their attorneys worried that CEOs such as Sam Altman of...
The biggest financial risk from an artificial intelligence agent won’t come from it making numbers up. It will likely come from an agent that does exactly what it has permission to do. As enterprises connect AI agents to email, procurement software, ERP systems, bank accounts...
Several economies in the East Asia and Pacific (EAP) region are growing faster than expected due to their involvement in manufacturing and exporting high-tech goods that support artificial intelligence-related activity, the World Bank Group said in a Tuesday (Oct. 6) press release. The World Bank...
South Korea has reportedly seen evidence of artificial intelligence involvement in recent cyberattacks on banks. As the Financial Times (FT) reported, President Lee Jae Myung said on Tuesday (Oct. 6) that hacks had revealed user data at seven financial firms, with indications of AI use in...
Chinese artificial intelligence startup DeepSeek is reportedly close to raising $12 billion in a new funding round. That figure would surpass the company’s financing target as it prepares to go public next year, Bloomberg News reported Tuesday (Oct. 6). Contemporary Amperex Technology Co. and tech giant Tencent are...
Pinterest says it wants to help its beauty-focused online users employ that knowledge offline. The social media platform on Tuesday (Oct. 6) launched “Beauty Guides,” described as an artificial intelligence (AI)-powered experience that “turns hair and nail Pins into personalized, actionable guides” to help users...
Watch more: The Digital Shift With Visa’s Pavan HS Artificial intelligence shopping agents are creating a new kind of customer at the merchant’s front door: software that may know what a consumer wants, yet arrives without many of the signals merchants have learned to trust....
AI may be ready to shop. Consumers are still deciding how much freedom they want to give it. “Holiday Retail’s AI Test Starts With Who Gets to Hit Buy” was produced by PYMNTS following a closed-door roundtable at Mastercard’s New York technology hub. The discussion brought...
New York City is positioning itself as a leader in an effort to slow down the development of artificial intelligence (AI), the Wall Street Journal reported Monday (Oct. 5). The New York City Council held a hearing Monday in which lawmakers heard from, and in some cases...