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.

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Kristalina Georgieva says online fraud could lead people to opt out of system and turn to'shoeboxes under their bed' The heads of the Bank of England and the International Monetary Fund have issued a stark warning that rising cyber-attacks risk undermining trust in the financial system. Speaking on a panel about online fraud at the IMF and World Bank meetings in Bangkok, the governor of the Bank of England, Andrew Bailey, pointed to alarming headlines about self-replicating AI agents hijacking personal devices, and the French supermarket hack that heated fridges up to 50C . "If you try to say what's at the heart of this debate about AI - for me, it's about trust in technology and it's about human control to achieve that trust in technology," he said. Pointing to the key importance of technology in underpinning today's financial system, he added: "If we don't have trust in money, we don't operate as a society." Echoing his concerns, the IMF's managing director, Kristalina Georgieva, said the toll of cyber-fraud was now so great that people could decide to opt out of the formal financial system altogether.

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Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Who owns AI risk at work? Business and tech leaders can't agree, PwC survey finds PwC research highlights a growing need for someone to own AI. Is an AI chief the answer? Charlie Osborne is a cybersecurity journalist and photographer who writes for ZDNET and CNET from London. PwC reveals business leaders can't agree on who is responsible for AI.

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Did Iran capture a US submarine? Iraq has closed some border crossings with Iran while investigating drone attacks on Saudi Arabia's East-West oil pipeline that it confirms were launched from its territory. The Iraqi government temporarily closed three of its crossings into Iran after drone launch sites were discovered in the country, an Iraqi security source told Al Jazeera on Saturday. He said that Iraq had primarily ordered the closure of the crossings over fears that the perpetrators of attacks could flee to Iran. Hewson also said the al-Tayyib border area of the southeastern province of Maysan had been shut after drone launchers were discovered there, and a search operation was under way.

Education's failure to teach resilience, perseverance and personal responsibility is fueling America's workforce crisis, from quiet quitting to poor work ethic among graduates.

I wore the world's first HDR10 smart glasses TCL's new E Ink tablet beats the Remarkable and Kindle Anker's new charger is one of the most unique I've ever seen I wore the world's first HDR10 smart glasses TCL's new E Ink tablet beats the Remarkable and Kindle Anker's new charger is one of the most unique I've ever seen'Sophisticated' AI swarm attacks are months away, OpenAI warns: What experts say businesses must do OpenAI sounds a solemn and dire alarm, but we're woefully unprepared for what's coming. An open letter from OpenAI claims sophisticated AI-driven attacks are months away. Consumers and organizations should be more vigilant about cybersecurity fundamentals. Keeping pace with AI-enabled attackers will likely require using AI to fight AI. As someone who writes about the intersection of AI and cybersecurity, I've researched more than enough stories about the emerging threat landscape to make me consider disconnecting from the grid and hiding in a remote cabin somewhere.

Marco Rubio announced sanctions against a tech collective designated as a terrorist organization for providing tools to Antifa cells and groups like Hamas.