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AI messaging scam costs Italy's top bank Intesa millions, sources say <br> &nbsp;Fraudsters using AI to impersonate senior executives stole &euro;95 million ($108 million) from Fideuram, the private banking arm of Italy&#39;s biggest lender ​Intesa Sanpaolo, two sources familiar with the matter said on Friday. More &zwnj;than half the funds were later recovered, but some &euro;36 million remains missing, the sources said. The scheme, first reported by Corriere della Sera, began in February when then-Fideuram Chairman ​Paolo Molesini received what appeared to be a WhatsApp message from ​Intesa Sanpaolo CEO Carlo Messina seeking urgent help with an overseas ⁠transaction. The fraudsters followed up with a phone call that appeared to come ​from a senior partner at a prominent law firm, confirming the instruction. According ​to the sources, the callers used AI technology to replicate the lawyer&#39;s voice. Believing the request was genuine, Molesi...

China fuels rush to turn AI video into an industry <br> When Zhu Zhili was looking for a base to set up an artificial intelligence film studio in China two years ago, there was just one clear choice: the southern city ​of Shenzhen with its vast tech ecosystem. This year, AI filmmaker Zhu said he has fielded calls from officials in cities and industrial parks across China, all with the same pitch: bring&nbsp;your AI film business here. &quot;I am approached every day by a range of cities, from major metropolitan areas to smaller localities,&quot; Zhu said, &quot;hoping we can establish either technology or the company there.&quot; Those appeals reflect a major push by China to embed artificial intelligence into every corner of the economy &ndash; including the latest movies showing at cinemas. Local governments have responded by promising to build tech clusters and offering subsidies to AI filmmakers and startups. That is straight out of a familiar...

Financing of historic AI buildout raises systemic risks in US, researcher says <br> The artificial intelligence buildout is on track to require a larger share of ​US output than the rollout of electricity, railroads, interstate highways or the internet, with an increasingly complicated financial structure that poses &zwnj;potentially systemic risks, according to a new study. What had been paid for out of the cash stockpiled by companies like Amazon.com, Meta Platforms and Alphabet&#39;s Google has morphed into an expansion that will consume around 3.6% of gross domestic product annually through 2032, or more than $10 trillion, and is using ever more intricate financing arrangements, Stijn ​Van Nieuwerburgh, a finance and real estate professor at Columbia Business School, wrote in a paper prepared for a Brookings Institution conference ​this week. That estimate is higher than the 2.2% of annual GDP absorbed by railroads in the late 1800s, which was the ⁠next most co...

‘Extreme concern’ as OpenAI’s ‘rogue agent’ breached Australian govt health database <br> An artificial intelligence (AI) agent developed by US tech giant OpenAI breached an Australian government health statistics system during an internal evaluation, accessing both public and non-public files and writing files into the system, Prime Minister Anthony Albanese said on Wednesday. According to CNN, the incident is believed to be the first publicly disclosed case of an AI agent breaching an Australian government network and comes amid growing concern over the ability of increasingly autonomous AI systems to circumvent safeguards and undertake actions beyond those intended by their human operators. Albanese said the AI agent had accessed an Australian Medicare statistics database and bypassed restrictions after failing to obtain information through normal channels. He said there was no evidence that patients&rsquo; personal medical information had been accessed. &ldquo...

Meta testing a 'human concierge' for its new personal AI agent, Muse <br> Meta&nbsp;has been testing a &ldquo;human concierge&rdquo; for its new personal AI assistant, Muse, which entails having human contractors quietly handle some of the ​phone calls placed via the digital agent, according to internal company posts seen by Reuters. The Facebook and Instagram owner told employees about the test last week, shortly &zwnj;after the company publicly launched a phone-calling feature for Muse. The Muse agent, which has topped US app download charts in the two weeks since its debut, is designed to autonomously perform tasks like sending emails, shopping and booking travel on a person&#39;s behalf. With the phone-calling feature, a Muse user can tell the agent to dial phone numbers for US businesses and talk with people on the other end to handle errands like booking haircuts, checking whether a store has ​an item in stock or getting quotes from diffe...

Trump says US will henceforth call AI 'super intelligence' <br> US President Donald Trump said on Tuesday that US government documents would use &quot;super intelligence&quot; instead of artificial intelligence going forward, and repeated his previous claims that warnings about AI were a hoax. &quot;From this point forward, all of United States documents, and hopefully the world&#39;s will be changed to use the much more accurate term &#39;super&#39; as opposed to artificial. So it&#39;s super intelligence,&quot; Trump said in a speech to the UN General Assembly. &quot;I&#39;m not going to stifle growth of something that will be bigger than the industrial revolution,&quot; he said. He also firmly rejected calls for international supervision of artificial intelligence, calling them a &quot;globalist scheme&quot; to control the new technology. Read More: From smart glasses to AI pins, privacy fears challenge tech...