Seeping into just about every conversation at this week’s meeting of the world’s top central bankers was one big unknown: how artificial intelligence will impact the world economy and therefore their mandate to ensure financial stability.
Tag: Disrupted
Developments in artificial intelligence are outpacing scientific understanding and government policy, meaning there are no guarantees the technology will not cause catastrophic harm, a United Nations independent panel warned on Wednesday.
The global AI boom powered Asia’s manufacturing sector in June, with brisk demand for technology-related goods offsetting the drag from the Iran war, private surveys showed on Wednesday, offering some relief for the region’s export-reliant economies.
South Korea rolled out sweeping chip and AI mega-projects on Monday, as President Lee Jae Myung pledged to cement overwhelming industry leadership with investments spanning hundreds of billions of dollars over several years.
Google has put limits on Meta’s use of its Gemini AI models after the social media company sought more computing capacity than the rival tech group could provide, the Financial Times reported on Sunday.
The U.S. government on Friday allowed Anthropic to release its powerful Claude Mythos 5 AI model to some “trusted partners,” according to a Commerce Department letter seen by Reuters.
OpenAI said on Friday it was delaying a full public launch of GPT‑5.6 at the U.S. government’s request, limiting the AI model’s initial access to a small group of vetted partners whose details were shared with the authorities.
It was a day of modest reversals across currencies and commodities on Thursday, to varying degrees, as the dollar rally and oil slump paused for breath. Meanwhile, stocks in Europe and Asia rose, but megacap tech weakness weighed on Wall Street.
U.S. bond yields tumbled on Wednesday as oil’s slide to a four-month low eased inflation fears, although the relief wasn’t felt as much in equity markets and persistent worries over tech valuations pushed the S&P 500 and Nasdaq lower.
SK Hynix’s overtaking of Samsung Electronics to become South Korea’s most valuable firm was the culmination of 14 years of bets that brought it skepticism and scorn but ultimately put it at the centre of the global AI gold rush.