Indian financial authorities are alerting banks to the significant risks from advanced AI models. Secretary M Nagaraju highlighted the potential threat of AI like Anthropic Mythos. He stressed the need for banks to strengthen cyber defenses and operational resilience. SBI Chairman CS Setty echoed these concerns, noting AI’s dual role in defense and offense.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend