NZ central bank sees AI adoption posing risk to financial stability

The Reserve Bank of New Zealand warns that AI adoption in finance poses risks like system errors, data issues, and market concentration, though it also offers benefits such as improved risk assessment and productivity. The central bank pledges ongoing monitoring to manage AI-related uncertainties and ensure financial stability.

New York cardinal says Trump AI pope image 'wasn't good'

US Cardinal Timothy Dolan criticised Donald Trump’s AI-generated image of himself as pope, calling it inappropriate. The controversial post, shared after Pope Francis’s funeral, sparked backlash from Catholic leaders and divided public opinion. While some called for an apology, Dolan offered only cautious remarks ahead of the upcoming papal conclave.

Anduril Acquires Klas to Enhance AI-Driven Defense Systems

The Pulse

The AI landscape is rapidly evolving, especially in defense technology. Anduril's acquisition of Klas underscores the growing importance of AI in military applications, enhancing real-time data sharing on the battlefield while raising ethical questions about autonomous warfare.

How it's happening

Anduril Industries is integrating Klas's tactical communications hardware into its autonomous systems. This strategic move aims to bolster AI capabilities in defense, reflecting a broader trend of AI adoption across sectors, driven by technological advancements and increasing demand for security solutions.

Key takeaways

• Anduril's acquisition highlights the intersection of AI and defense technology.
• Real-time data sharing is becoming crucial in modern warfare.
• The deal reflects a growing market for AI-driven defense solutions.
• Ethical implications of AI in warfare continue to be a significant concern.
• Increased competition in the defense sector may lead to rapid technological advancements.

Notable actions

Anduril's acquisition of Klas is part of a broader trend in defense tech, with companies investing heavily in AI capabilities. As demand for advanced military solutions rises, stakeholders must navigate the ethical landscape, ensuring responsible AI use in warfare.

Berkshire shareholders reject diversity, AI proposals

Also voted down were proposals requiring Berkshire's board of directors to create a committee to oversee diversity and inclusion, having independent directors oversee AI-related risks, and requiring a report on "voluntary" environmental activities that exceed federal and state requirements. The votes were announced after Buffett unexpectedly announced he planned to step down as Berkshire chief executive at the end of the year.

AI adoption can boost revenue by 10%, cut costs by 15% for media industry: EY

An EY report highlights that AI adoption can significantly aid media and entertainment companies. AI is projected to increase revenues by 10% and reduce costs by 15%. India, with its talent pool and AI ecosystem, is positioned to lead this transformation, leveraging AI for content creation, optimisation, and audience engagement.

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