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Cheap, customised AI tools are making deepfake scams harder to detect, exposing banks, fintechs and consumers to rising fraud risks
Deutsche Bank said AI tools are improving efficiency across its operations, enabling teams to clear work queues significantly faster
Updated On: Jun 19 2026 | 7:29 AM ISTEnterprises are hiring selectively to connect AI to finance, risk, operations, customer experience and employee systems, the report said
Updated On: Jun 17 2026 | 6:53 PM ISTCustomised applications built on open-source AI models are enabling sophisticated deepfake frauds at lower costs, raising concerns across banking, fintech and digital platforms
Updated On: Jun 17 2026 | 6:11 PM ISTAnthropic on Wednesday joined growing calls for the artificial intelligence industry to find ways to cushion people from the technology's disruptions, announcing an initial USD 200 million investment to research AI's impact on jobs and the economy. Alongside new policy proposals from the maker of the Claude chatbot, Anthropic CEO and co-founder Dario Amodei published an essay on his personal website that expanded on his position that the government should promise economic support for those financially impacted by AI. The technology could produce much larger disruptions to the labour market than previous technological advancements, Amodei wrote, and those disruptions could last longer. "The key challenge in such a world won't be incentivizing growth, but finding a way for everyone to share in the benefits," Amodei wrote. The announcement comes on the heels of Anthropic rival OpenAI on Monday outlining goals that included ensuring gains from the technology are "widely shared". OpenAI
Artificial intelligence is no longer a speculative technology but an operational reality and poses one of the most significant tests for international law, Chief Justice of India Surya Kant has said, underlining that choices made during this decade will shape the future relationship between technology, power, freedom, and justice. He also stressed that technology itself is neither inherently benevolent nor inherently harmful. Speaking at a public lecture in Birkbeck College of University of London on "Artificial Intelligence and International Law", he said unlike previous technological revolutions, AI does not merely enhance human capacity; it increasingly participates in decision-making processes that were historically considered uniquely human. "Technology itself is neither inherently benevolent nor inherently harmful. Its impact depends upon the legal, political, and ethical frameworks within which societies choose to deploy it. The responsibility of law, therefore, is neither t