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AI IN FINANCIAL SERVICES
In financial services, trust comes before speed; AI doesn't replace itIndia is a compelling place to test that idea, because India has been quietly building something transformative. Only a decade ago, shopkee...- North Korean hacking group builds AI tools for cyberattacks, report saysThe cybersecurity firm, Genians, said it found evidence that the North Korean-linked group Kimsuky had set up tools for running and manag...
- Jungle Ventures lifts India allocation to 70%, directs new bets to AI, manufacturingFounded by Amit Anand and Anurag Srivastava in 2012 with a $10-million debut fund, Jungle typically prefers main funds of about $400 millio...
- Nearly 32% entities expect AI to drive re-skilling over job cuts: SurveyAround 32 per cent of surveyed entities expect AI will drive significant re-skilling and job transformation rather than large net reduction...
- Trump-linked fintech firm AI Financial sells unit to Prime DeltaAI Financial will receive a $12 million secured promissory note - with $1 million due next week and the rest paid over time - and about 1...
- Financial sector must build safeguards against AI risks before using it: CEAThe financial sector cannot afford to ignore emerging AI-related threats until they become a reality, he said at an event organised by indu...
- Financial sector can't afford to ignore AI risks, CEA V Anantha Nageswaran warnsChief Economic Adviser V Anantha Nageswaran urged financial institutions to prioritize AI security. He warned against waiting for AI threat...
- AI safety: India must keep humans in the loop, prevent exclusion, says CEA NageswaranChief Economic Adviser V Anantha Nageswaran stressed proactive AI safety and security in finance. He warned AI must not foster financial ex...
- M2P raises Rs 100 crore debt from Alteria to fund AI expansionThe three-year facility — M2P’s second debt raise — will largely finance AI product development and computing capacity, cofounder and chief...
- SpaceX advances $1 trillion revenue target to 2030, Musk saysSpeaking to investors, Musk said the company’s internal financial projections had shifted from reaching the milestone in 2031 to 2030, addi...
- Microsoft opens its largest India data center hub as AI race heats upMicrosoft launched its largest India data center in Hyderabad on Thursday. This new facility brings Microsoft's cloud regions in India to f...
- JLL opens 1.2 lakh sq ft GCC in Hyderabad, plans 1,600 hiresJLL has opened a new 120,000 sq ft Global Capability Centre in Hyderabad. This new centre will support JLL's global businesses and clients ...
- Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
- How LIC minted Rs 21,000 crore in mark-to-market gains by betting against AI panic in 3 top IT stocksLIC gained over Rs 21,000 crore from three top software exporters. This paper profit materialized within thirty-five days after a contraria...
- JP Morgan CEO Jamie Dimon leads new cross-industry effort to tackle AI risksJP Morgan Chase's CEO, Jamie Dimon, is calling upon business leaders to participate in a newly established industry group dedicated to tack...
- The AI competition paradoxChina's open-source AI models are challenging US dominance, driving intense competition. Chinese firms are gaining market share through low...
- The AI layoffs are backfiring: Why companies are rehiring employees they let goCompanies are rehiring workers after AI failed to fully replace human expertise. Ford and Klarna found AI could not detect all defects or m...
- Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
- From financial reporting to strategic decision-making: AI's new role for CFOsAI is no longer being used only to automate reporting or reduce manual work. Today's AI products are helping finance leaders understand tra...
- How AI fraud detection is reshaping banking and financial services in IndiaEvery digital payment, loan approval and investment decision carries an invisible layer of intelligence. AI products are quietly helping fi...
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