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CITI INSTITUTE AI REPORT
Agentic AI can cut banks' transaction monitoring workload by up to 50%, improve compliance quality: McKinseyBanks could reduce the human effort required for transaction monitoring investigations by 30-50% by deploying agentic artificial intelligen...- India among Oracle NetSuite's highest-priority markets, says Asia head Amit SuxenaSpeaking to PTI on the sidelines of Oracle AI World, Amit Suxena, group vice president and head of Asia at Oracle NetSuite, an AI-native bu...
- Nearly 60% of firms yet to move AI beyond pilots as deployment remains key challenge: ReportNearly 60 per cent of organisations surveyed remain in the exploration or pilot stages of artificial intelligence (AI) adoption, with only ...
- Neocloud firm Argentum AI in talks for $5 billion AI chip financing, sources sayOne of the people said the money would pay for additional chips for the data center Argentum secured in Poland with DL Invest Group, and th...
- ByteDance founder Zhang Yiming reclaims top spot in China's rich list, thanks to his firm's AI pushThe rankings released by The Hurun Research Institute on Tuesday reflected that the country's high-tech sectors were rising but others like...
- Global Market: China, Hong Kong stocks slip as technology shares extend lossesChina and Hong Kong stocks edged lower as weakness in technology and AI-related shares outweighed faster industrial-profit growth and fresh...
- Who are the biggest investors backing Anthropic? A look at key stakeholdersAnthropic’s planned IPO is set to test public-market appetite for artificial intelligence companies. Backed by Amazon, Google, leading vent...
- AI narrative needs to change for India: K Balasubramanian, CEO, Citibank IndiaLong-term capital-gains tax is a big factor on the equity side. On direct investment, the trade agreements are going to be a big positive. ...
- India's daily multimodal AI use to nearly double to 43% by 2030: Ericsson reportDaily use of multimodal AI in India is expected to nearly double by 2030 from current levels. The report highlights a shift towards more fr...
- Infosys shares fall 4% after IT major lowers FY27 guidance. What are Goldman Sachs, Nomura, others saying?Infosys shares fell sharply on Monday after the IT major cut its FY27 revenue growth guidance to 1-2% from 1.5-3%, citing pricing pressure ...
- Talent, compute and R&D key to India's AI ambitions: ReportIndia will need to strengthen its talent pool, research and development (R&D) capabilities, computing infrastructure and data systems to tr...
- India’s GCCs to add 1-1.4 million jobs by 2031: ReportIndia's global capability centres, or GCCs, are projected to add 1–1.4 million net jobs by 2031. The employment in these centres is anticip...
- Bank of Japan warns of risks from AI market shock, cyberattacks"If expectations regarding the profitability of AI-related investment were to decline, shocks could be amplified, mainly through portfolio ...
- US banks detect unauthorised AI agents in customer accountsIn a troubling development, leading US banks such as Morgan Stanley, Bank of America, and JPMorgan have identified unauthorized AI agents a...
- US banks are blocking third-party AI agents access to customer accounts, sources sayMajor US banks, including Morgan Stanley and JPMorgan Chase, are blocking third-party AI agents from transactions. This decision comes afte...
- Anthropic IPO stands alone as AI market jitters sideline othersAnthropic's planned IPO will test whether its position at the center of the booming AI business, which the company is believed to deem wort...
- UK regulator urges pension trustees to stress test over AI concentration riskBritish pension funds should evaluate their investments due to rising AI-related risks according to the Pensions Regulator. Trustees are ad...
- Nebius gets $3.5 billion Citi facility for data center growthNebius has successfully acquired a substantial $3.5 billion financing facility from Citi, aimed at expanding its operations. This crucial f...
- Cybercriminals used AI agents to target over 400 Latin American banks: ReportThe system, called CARLIY0S, was allegedly developed by a cybercrime group known as CyberCartel to achieve scale by automating different st...
- Major new US regulation on AI unlikely despite rising political focus: UBS ReportIn the United States, significant regulations on Artificial Intelligence appear improbable, as economic optimism prevails. This technology ...
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