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Careless AI use could create new forms of financial exclusion, instability:RBI Governor

Careless AI use could create new forms of financial exclusion, instability:RBI Governor

by AIP Online Bureau | Aug 11, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

Reserve Bank of India Governor Sanjay Malhotra said AI built on top of this digital infrastructure has the potential to significantly change financial services and improve financial inclusion, but warned that the technology also carries risks if not deployed...
OpenAI finds evidence other AI agents escaped containment as it widens hacking probe

OpenAI finds evidence other AI agents escaped containment as it widens hacking probe

by AIP Online Bureau | Aug 4, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

AI safety experts said the new disclosures paint a portrait of a group of cutting-edge labs whose ability to develop dangerous autonomous hacking agents outstrips their ability to keep them under control. OpenAI has discovered other instances in which autonomous...
Average cost of data breach in India hits record Rs 25 crore: IBM Report

Average cost of data breach in India hits record Rs 25 crore: IBM Report

by AIP Online Bureau | Aug 3, 2026 | Data, Eco/Invest/Demography, Risk Management, Technology

“India’s accelerating AI adoption is creating immense opportunities for innovation, but it is also enabling cyber threats to evolve rapidly. The findings underscore that organisations using AI and strong governance, were significantly better positioned to...
AI to reshape insurance economics, drive scale and specialisation: McKinsey

AI to reshape insurance economics, drive scale and specialisation: McKinsey

by AIP Online Bureau | Aug 1, 2026 | Data, Eco/Invest/Demography, Life, Non-Life, Technology

The report said insurers will increasingly have to choose between competing through scale and cost or through deep specialisation, while building the technology, data and operating capabilities required to respond at “technology speed”. Companies that...
Fitch warns AI market correction emerging as major global credit risk

Fitch warns AI market correction emerging as major global credit risk

by AIP Online Bureau | Jul 29, 2026 | Eco/Invest/Demography, International News, Regulation, Technology

“The extent to which capital markets and economies have become intertwined with AI have created a vulnerability for credit,” Fitch said. The AI boom and the risk of a correction are emerging as major global credit risks, ratings agency Fitch has warned, adding to...
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