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AI could pose ‘existential’ risk to humanity, UN rights chief warns

AI could pose ‘existential’ risk to humanity, UN rights chief warns

by AIP Online Bureau | Sep 9, 2026 | International News, Risk Management

Volker Türk,human rights chief.UN Turk warned that just a handful of men held “almost unlimited power over AI” without naming any. Top AI companies include Meta, Anthropic, OpenAI and Google. UN human rights chief Volker Türk added his voice on Monday to growing calls...
China to pump $45 billion into state banks, insurers in capital-boosting push

China to pump $45 billion into state banks, insurers in capital-boosting push

by AIP Online Bureau | Sep 9, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life

Last week, the National Financial Regulatory Administration published draft amendments to the Insurance Law. The first such revisions since 1995 propose tighter oversight of insurers’ shareholders, higher minimal capital thresholds, a wider scope of insurers that...
IRDAI slaps Rs1 cr fine on ICICI Lombard for violating outsourcing norms

IRDAI slaps Rs1 cr fine on ICICI Lombard for violating outsourcing norms

by AIP Online Bureau | Sep 7, 2026 | Indian News, Non-Life, Regulation

The IRDAI passed an order against ICICI Lombard General Insurance after conducting an onsite inspection conducted during September 2019 and subsequent enforcement proceedings. Hyderabad:The IRDAI on Monday, has imposed a monetary penalty of Rs one rore on ICICI...
“India’s medical tourism has a huge potential”, says Piyush Goyal

“India’s medical tourism has a huge potential”, says Piyush Goyal

by AIP Online Bureau | Sep 7, 2026 | Health, Indian News, Technology

Union Commerce and Industry Minister Piyush Goyal Highlighting India’s cost advantage, Goyal said the country offers clinical excellence and advanced technologies while healthcare costs are “60 to 80 per cent lower than other parts of the world,...
Blue Machines AI launches Aurora, a BFSI-native speech-to-text model

Blue Machines AI launches Aurora, a BFSI-native speech-to-text model

by AIP Online Bureau | Sep 7, 2026 | Banking & Bancassurance, Indian News, Technology

Aurora is designed for real-time financial conversations in India, where customers frequently switch languages, combine English financial terminology with regional languages, and communicate over noisy or low-bandwidth telephone connections. Bengaluru: Blue Machines...
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