Tag: artificial intelligence

European sovereign AI and cloud services not yet ready for major banks, Temenos CEO says

European sovereign AI and cloud services not yet ready for major banks, Temenos CEO says

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Europe’s push to strengthen its technological independence is gaining momentum, but major banks may have to wait before they can fully embrace European sovereign artificial intelligence (AI) and cloud computing solutions, according to Temenos CEO Takis Spiliopoulos. Spiliopoulos, who leads Swiss banking software company Temenos, said European sovereign AI and cloud initiatives had not yet […]

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Pentagon turns to Elon Musk as US pushes deeper into AI and the future of warfare

Pentagon turns to Elon Musk as US pushes deeper into AI and the future of warfare

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The Pentagon is looking further into how technology could reshape warfare, with US Defence Secretary Pete Hegseth announcing a new initiative that will involve tech billionaire Elon Musk in studying the future of military capabilities. Hegseth made the announcement on Wednesday during his “State of the Force” address at Marine Corps Base Quantico in Virginia, […]

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Trump and Xi Keep Dialogue Open as US and China Agree on AI Incident Communication Channel

Trump and Xi Keep Dialogue Open as US and China Agree on AI Incident Communication Channel

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Washington and Beijing have agreed to create a dedicated communication channel for artificial intelligence incidents, offering a practical point of contact between the world’s two largest powers as they continue navigating tensions over technology, trade, security and global affairs. The agreement was announced by the White House following talks between US President Donald Trump and […]

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Australia Faces Pressure to Tighten AI Rules After OpenAI Agent Accesses Medicare Government Portal

Australia Faces Pressure to Tighten AI Rules After OpenAI Agent Accesses Medicare Government Portal

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Australia is facing renewed pressure to strengthen its approach to artificial intelligence after an OpenAI AI agent gained unauthorised access to a government Medicare statistics portal earlier this year. The incident, which occurred on June 18, has raised questions about how governments should prepare for increasingly capable AI systems that can independently search websites, interact […]

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AI adoption powers china’s industrial profits as the economy enters a critical transition

AI adoption powers china’s industrial profits as the economy enters a critical transition

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China’s industrial sector is getting a powerful boost from artificial intelligence, with growing demand for computing power, chips and other technology-related products helping businesses deliver strong profit growth during the first seven months of the year. According to data released by China’s National Bureau of Statistics, profits at major industrial enterprises reached 4.58 trillion yuan, […]

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