DBS Bank has shifted from AI experimentation to widespread application, employing AI to boost operational efficiency and customer engagement. This strategic move includes AI-driven customer service tools and advanced risk management systems, which have notably reduced service handling times by 20% and increased scam funds recovery by 17%.

A report by SymphonyAI and Regulation Asia shows that despite AI's potential in fighting financial crime, only 15% of Asian financial institutions have advanced AI in their compliance systems. Legacy system integration and regulatory challenges impede progress, leaving them vulnerable as financial crimes evolve.

Taiwan Semiconductor Manufacturing Co (TSMC) has notified Chinese chip design companies that it is suspending production of their most advanced AI chips from Monday, the Financial Times reported, citing three people familiar with the matter.

Meta is collaborating with US government agencies to apply its Llama AI model in addressing critical public sector challenges, including expanding access to essential services and supporting small businesses. This no-cost partnership highlights Meta’s commitment to AI development in impactful ways.

In today’s digital landscape, five critical cybersecurity trends highlight key areas organizations must address to protect against sophisticated cyber threats, including short-lived phishing sites, email-based malware, and the rise of ransomware-as-a-service.

A decade after Superintelligence warned of AI risks, researchers now estimate superintelligent AI may be just a decade away. Although achieving this remains complex, the rise of advanced AI poses ethical and social questions about the future.