'Small AI' models can run on a mobile phone with low connectivity, and could help accelerate development for emerging economies. 'Small AI' models can run on a mobile phone with low connectivity, and could help accelerate development for emerging economies. World Bank says'small AI' could transform developing countries Bank's chief knowledge officer says the tech could speed up economic development from centuries to decades The World Bank is urging developing countries to kickstart the creation of "small AI" models, which can run on a mobile phone with low connectivity, to reap the full benefits of artificial intelligence. While Silicon Valley big tech firms are focused on ever more sophisticated consumer products, Paschal Donohoe, the World Bank's chief knowledge officer, said AI could also accelerate development for emerging economies - but only if it was adapted to local needs. Small AI uses specialised models that are trained using narrower datasets for a specific purpose.

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Things to Do in L.A. Tap to enable a layout that focuses on the article. Here's what we know about the man who allegedly bugged an OpenAI conference room in San Francisco The OpenAI logo is seen displayed on a cell phone in front of an image on a computer screen generated by ChatGPT's Dall-E text-to-image model, Friday, Dec. 8, 2023, in Boston. This is read by an automated voice. Please report any issues or inconsistencies here . See more from the L.A. Times in Google Search.

The International Monetary Fund (IMF) has a responsibility to help poorer nations struggling with rising debt, high inflation and price shocks caused by war spillovers, the head of the global lender says. Speaking as the IMF's annual meetings in Bangkok wrapped up on Saturday, Managing Director Kristalina Georgieva said discussions with global policymakers showed both "optimism and worry". "But AI is also recognised to be a source of worry and so are inflation, high levels of debt, wars, climate risks." Georgieva said vulnerable nations are missing out on the AI investment boom that is driving growth in richer countries while at the same time dealing with higher borrowing costs. Higher global interest rates mean low-income countries now spend 8 to 14 percent of their revenue on debt repayments, up from previous years, she said.

Faisal Islam: What I learned from a week with the world's top finance leaders When it comes to the future direction of the global economy there is a bit of a tug of war going on. There are starkly opposing forces. On the one hand holding back growth are the familiar, recurring crises from the energy shock, trade conflict and actual war. This is reflected most clearly in the sharply rising interest rate costs for the world's advanced economies. Pulling in the other direction is the boost from massive spending on AI, and the frankly astonishing resilience shown especially by smaller economies, as new routes for trade, including for oil and gas, have been established out of necessity.

An OpenAI research model hit another nebulous milestone today by pilfering test Ethereum tokens from a wallet it didn't control to finish a coding task, the company said in an incident report. The agent subsequently hid the act from OpenAI, saying it was fine because the tokens had no value. "This case shows that a model can substitute its own judgment about likely harm for the account holder's permission, then act on that judgment without authorization," OpenAI wrote. The incident, which occurred on June 26, happened while a GPT-5.6 Sol model was in internal training. The task involved updating a crypto trading prototype and deploying contracts (publishing special code) on an Ethereum test network called Sepolia.

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Things to Do in L.A. Tap to enable a layout that focuses on the article. Mortgage lenders probed over how they handled L.A. wildfire insurance payouts Altadena residents and council members gather at a fire-damaged residential property on East Las Flores Drive in support of Senate Bill 1090 on June 29, 2026, in Altadena, CA. Two thirds of Altadena homes were destroyed in the Eaton fire on January 7, 2025. SB 1090 would help protect fire survivors while preserving opportunities for affordable housing. This is read by an automated voice.

Trending Now Say More Look Up In My Bag Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Mashable @Home Mashable Selects Top creators, ranked Gift Ideas For Everyone On Your List Creator Playbook AI at School Safety Net All Series We're not going to allow just any outside agent to come in inside the company. Olivia Tauber is the deputy editor of digital culture, covering creators, media, movies, beauty, and more. Based in New York, her work has appeared in The New York Times, Vanity Fair, The Cut, Teen Vogue, Complex, and Interview Magazine. She holds a Master's degree in Journalism from NYU and a Bachelor's from the University of Michigan. She also runs Fan Mail, a weekly pop-culture newsletter.