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Searched Tag: ai risks
World’s rich list rattled by AI hype

World’s rich list rattled by AI hype

September 15, 2025, 03:41 PM - 7 min read

Larry Ellison, co-founder of US cloud computing company Oracle, became the world’s richest person briefly. While his moment in the spotlight was fleeting, it also illuminated something far more significant: AI has created extraordinary levels of concentration in global financial markets.

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Guided by these principles, the central bank’s panel recommended a forward-looking approach that includes 26 actionable recommendations under six strategic pillars

RBI panel asks banks to safeguard against AI risks

August 16, 2025, 04:21 PM - 3 min read

A panel of the Reserve Bank of India (RBI) has asked banks and other financial institutions to follow guidelines set out in its framework against risks arising from the use of Artificial Intelligence (AI)

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