Business, markets and economy news from Malaysia.
Pope Leo XIV has warned that artificial intelligence systems are not morally neutral, arguing that design choices and data reflect specific visions of humanity. He calls for clear accountability across AI development, deployment, and use.
Financial regulators worldwide are accelerating adoption of artificial intelligence tools to combat escalating cybersecurity risks in banking and capital markets. Switzerland's FINMA is spearheading international coordination to embed protective systems into digital asset platforms.
South Korea's SK Hynix is raising up to $29.4 billion through an American Depositary Receipt listing on Nasdaq, positioning itself to capitalise on soaring demand for AI chips and expand manufacturing capacity.
Anthropic has introduced Claude Tag, enabling its Claude AI to operate more autonomously within Slack by monitoring channels, sending alerts, and handling coding tasks on behalf of users.
A Swiss study tracking 7.3 million job advertisements finds junior positions have plummeted 32% since 2023 as employers adopt artificial intelligence, with young workers increasingly anxious about workplace obsolescence.
A US federal judge has cleared the way for a landmark lawsuit against Workday, the software giant behind AI-powered hiring systems used by most Fortune 500 companies, over allegations its algorithms discriminate against job applicants with disabilities.
California consumers have filed a federal lawsuit against major petrol retailers including Walmart, Marathon Petroleum, BP and 7-Eleven, alleging they used artificial intelligence to illegally manipulate pump prices across the state.
A US federal judge has allowed a discrimination lawsuit against Workday to proceed, ruling that the software company's AI-powered recruitment tool may have illegally screened out disabled workers from employment opportunities at other firms.
Indonesia is preparing to integrate artificial intelligence into major government initiatives, including its $15 billion free meals programme, as part of a broader economic development strategy. The move positions the nation to compete regionally with more advanced tech economies.
Malaysia and Bangladesh will expand economic cooperation into artificial intelligence, energy, and semiconductor manufacturing, Prime Minister Anwar Ibrahim announced during Bangladesh's PM Tarique Rahman's state visit.
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Malaysian lawmakers convened to scrutinise the economic fallout from Strait of Hormuz tensions, proposed improvements to hajj administration, and emerging safeguards for artificial intelligence deployment in the nation.
A 12th-grader from Hanoi-Amsterdam High School for the Gifted has secured admission to Georgia Tech's prestigious computer science programme, ranked fifth in the US, following a standout application built around self-developed artificial intelligence applications.
Amazon announced it has achieved water positive status in India, returning more water to communities than it consumes. The milestone comes as tech giants face increasing scrutiny over environmental impacts of resource-intensive AI data centre projects.
Prime Minister Anwar Ibrahim has outlined Malaysia's transition to a technology-centric economy, emphasising semiconductors, innovation, and artificial intelligence as pillars of future growth.
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Prime Minister Anwar Ibrahim has called for expanded cooperation between Asean and Russia in trade, artificial intelligence, and energy, signalling Malaysia's commitment to maintaining balanced regional partnerships amid geopolitical tensions.
Deputy Prime Minister Datuk Seri Fadillah Yusof has underscored the importance of strengthening Malaysia's statistical infrastructure and embracing artificial intelligence as essential tools for the successful delivery of the 13th Malaysia Plan through 2030.
As AI chatbots generate inaccurate and fabricated legal briefs, courts worldwide are establishing strict guidelines on artificial intelligence use in litigation, with major implications for the legal profession.
Two US asset managers have filed to launch exchange-traded funds tracking the 'MANGOS' — a new Wall Street acronym for six AI-focused companies that emerged on social media following SpaceX's record IPO filing.
A major PwC study reveals artificial intelligence is bifurcating the global job market, rewarding companies that use AI to enhance human capabilities while leaving cost-cutting automation strategies behind. The findings carry significant implications for Southeast Asian workforce development.
Malaysia's Director-General of Broadcasting Ashwad Ismail has cautioned journalists to acquire artificial intelligence skills to remain competitive, framing the technology as a professional development necessity rather than an existential threat.
A McKinsey analysis reveals Hungary could harness €15 billion in productivity improvements through artificial intelligence deployment by 2030, though executives warn of competitive pressures and implementation complexities.
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Prime Minister Anwar Ibrahim has called for Malaysia to redirect focus toward artificial intelligence and quantum computing investments rather than engaging in political disputes, arguing the nation's future depends on technological advancement and unity.