Russia Tackles Crypto Crimes with AI,RBI’s AI Push in Banking Newsletter #73
📰 News Bulletin 📰
1️⃣ 🇷🇺 Russia Tackles Crypto Crimes with AI
🔗 Russia to launch an AI-powered platform to monitor and combat cryptocurrency crimes. 💻🛡️
2️⃣ 🤖 AI in 2025: A World Transformed
🔗 Discover how AI will reshape industries and society, from smartphones to smart cities 🌐🚀
3️⃣ ⚡ Nuclear Powering AI Growth in Argentina
🔗 Milei's ambitious plan for Small Modular Reactors to meet AI-driven energy demaRBI’s AI Push in Bankingnds 💡🔋
4️⃣ 🇮🇳 India Declares 2025 as ‘Year of AI’
🔗 AICTE's initiative to position India as a global AI leader with transformative policies 📚🌟
5️⃣ 🏦 RBI’s AI Push in Banking🔗 An 8-member committee to develop a framework for AI in banking operations💰📈
Russia Plans AI Platform to Counter Cryptocurrency Crime
Russia will roll out an AI-based platform intended to tackle cryptocurrency crimes as the government takes a stride to upgrade financial regulations in its territory. The initiative utilizes the power of AI algorithms for monitoring blockchain transactions to find illicit activities and tracking money flows connected with crime businesses. The platform is part of Russia's broader strategy to fight cybercrime in the digital finance sector, with an eye on the rising misuse of cryptocurrencies for money laundering and fraud. Through the utilization of AI for enhancing surveillance and analysis, the government seeks to provide a more secure environment for legitimate crypto activities while maintaining international standards. This move showcases the increasing role of AI in securing digital economies around the world.
AI in 2025: From Smartphones to Society, How Will AI Reshape the World?
Society would be transformed by 2025, where AI would have moved from integration into a smartphone to change healthcare, education, and governance. It would provide tools that augment decision-making processes, mundane tasks would be automated, and experiences will be personalized. Innovations in autonomous vehicles, AI-based diagnostics, and smart city infrastructure will shape the new everyday life. Data privacy, algorithmic bias, and risks of unemployment from automation will become an issue to be dealt with proactively through policies. This fusion of artificial intelligence with other emerging technologies is set to unlock new potential and place AI as an integral part of the backbone transformations that are expected in societal future.
Milei Eyes Nuclear for AI; Unveils Plan for Small Modular Reactors to Meet Growing Energy Demands
Argentina's President-elect Javier Milei has unveiled an ambitious plan to deploy Small Modular Reactors (SMRs) to support AI-driven innovation and meet the nation's growing energy demands. Recognizing the energy-intensive nature of AI technologies, Milei aims to prioritize nuclear power for its efficiency and low carbon footprint. These reactors will provide scalable, clean energy solutions for industries such as healthcare, agriculture, and finance, with increasing computational needs from AI applications. This initiative falls into the vision of fostering a high-tech economy, taking into account climate change and placing Argentina at the forefront of energy and AI convergence.
AICTE Declares 2025 as ‘Year of AI’ to Shape India as Global Leader
The All India Council for Technical Education (AICTE) has announced 2025 as the 'Year of AI,' aiming to position India as a global leader in artificial intelligence. This initiative includes launching specialized AI-focused curricula in educational institutions, promoting research and development, and fostering collaborations with tech companies. The program focuses on AI's transformative potential in sectors such as healthcare, agriculture, and governance, to address societal challenges. AICTE's vision is in line with the broader strategy of India to build a skilled workforce and innovative ecosystem, empowering the nation to lead in global AI advancements while boosting economic growth and technological independence.
RBI Forms 8-Member Committee to Formulate Framework for AI in Banking
The Reserve Bank of India (RBI) has constituted an 8-member committee to formulate a holistic framework for AI in banking operations. The committee will discuss the applications of AI in fraud detection, risk management, and customer experience. It will also consider the ethical issues of transparency and data privacy. This reflects the RBI's commitment to modernizing India's banking sector through AI-driven solutions. By leveraging the capabilities of AI, the framework seeks to enhance operational efficiency, ensure regulatory compliance, and promote financial inclusion. The initiative underlines the proactive approach of the central bank in adopting technology in financial systems.
Other References
DeepSeek-V3, ultra-large open-source AI, outperforms Llama and Qwen on launch.
Airbnb is using AI to block New Year’s Eve house party bookings.
