Mark Zuckerberg reveals where he will build superhuman AI
The Meta Superintelligence Lab has attracted high-profile researchers, including several who were previously with OpenAI, Google, and Anthropic.
Zuckerberg reportedly offered OpenAI workers significant incentives, with some joining the new lab to help integrate advanced AI into Meta's products like Facebook, Instagram, and WhatsApp.
The Meta boss stated that the new talent influx would help deliver "personal superintelligence" for its billions of users, believing it will usher in a new era for humanity.
Led by Meta's chief AI officer Alexandr Wang, the lab is expected to reach the frontier of superintelligence within the next year and will also work on improving Meta's Llama models.
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Coin Geek
8 minutes ago
- Coin Geek
Banks, RBI unite to launch digital fraud detection platform
Getting your Trinity Audio player ready... To address the growing threat of digital payment fraud in India, both public and private sector banks are collaborating to build the Digital Payment Intelligence Platform (DPIP), a part of the country's Digital Public Infrastructure (DPI), under the guidance of the Reserve Bank of India (RBI). Given the urgency of the matter for the federal government and the RBI, the platform is reportedly expected to go live in the coming months. The Reserve Bank Innovation Hub (RBIH) has been tasked with developing a prototype of the platform in coordination with 5 to 10 banks. This initiative will utilize cutting-edge technologies, including artificial intelligence (AI) and machine learning, to tackle fraud in the payment ecosystem. The effort follows just days after the RBI's annual report for FY2024–25 revealed a sharp rise in digital payment frauds, with 13,516 cases accounting for 56.5% of all reported banking frauds. However, frauds reported in a year could have occurred several years prior to the year of reporting. 'As digital payments continue to rise, the Reserve Bank's commitment to enhancing security, customer protection and fraud prevention will remain key priorities in 2025-26. The Digital Payments Intelligence Platform is being planned, which will leverage advanced technologies to curb payment related frauds,' the RBI said in its latest annual report. Once launched, DPIP will aggregate data from multiple channels to detect risks and combat digital fraud. Real-time information sharing will allow financial institutions to act quickly against emerging threats, thus ensuring safer digital transactions. This new platform will be designed to improve fraud risk management by enabling the real-time exchange and analysis of intelligence, allowing banks to detect and stop fraudulent transactions more effectively. The institutional setup of DPIP will involve contributions from a wide range of banks, recognizing that fraud is a shared concern across the financial sector. By incorporating AI-driven analytics and fostering instantaneous fraud intelligence sharing among banks, DPIP aims to detect abnormal behavior and suspicious activities early. This collaborative and technology-driven approach underscores India's commitment to securing its digital finance landscape, helping rebuild public trust, and strengthening the nation's position as a leader in safe digital transactions. The initiative comes after the RBI's annual report highlighted a sharp rise in banking fraud, with reported amounts nearly tripling to ₹36,014 crore (about $4.1 million) in FY25. Most incidents by volume occurred in the digital payment space (cards and internet), while the highest value frauds were reported in the lending (advances) segment. Digital payment frauds were the most frequent in private sector banks, while public sector banks saw the bulk of frauds in loan-related transactions. 'Frauds have occurred predominantly in the category of digital payments (card/internet) in terms of number and primarily in the loan portfolio (advances) in terms of value. While card/internet frauds contributed maximum to the number of frauds reported by private sector banks, frauds in public sector banks were mainly in loan portfolios,' RBI said in its annual report. Digital payment frauds surge despite RBI measures Despite RBI's proactive measures—including the adoption of cutting-edge technologies and initiatives such as aimed at identifying fraudulent accounts—digital payment fraud continues to rise at an alarming rate. While valuable, these sophisticated tools are struggling to keep pace with the evolving tactics cybercriminals use. As digital transactions grow in scale and complexity, fraudsters find new ways to exploit system loopholes, often targeting less regulated areas of the financial ecosystem. 'Digital payment frauds in India are surging due to sophisticated fraud techniques, such as AI-driven deepfakes and phishing, outpacing detection tools like [RBI's] Sharat Chandra, founder of EmpowerEdge Ventures and a startup enabler, told CoinGeek. 'The rapid growth of UPI transactions (₹200 trillion / $2.34 trillion) creates a vast attack surface, overwhelming systems. Many users lack financial literacy, falling for scams like fake QR codes or one-time-password sharing. Regulatory gaps, including delays in enforcing the Digital Personal Data Protection Act, and legal barriers to sharing fraudster data hinder prevention,' Chandra pointed out. Chandra noted that the lack of cohesive collaboration between banks, fintech companies, and regulators creates gaps that fraudsters can exploit, particularly through loosely regulated platforms such as over-the-top (OTT) services. The situation worsens when financial institutions focus more on rapid growth than on strengthening security measures. Chandra said that the key challenges include maintaining a seamless user experience while implementing strong security protocols, staying ahead of constantly evolving fraud techniques, and enabling real-time data sharing among all stakeholders. Continuous public education and stricter regulatory oversight are essential to combat fraud. 'The success of DPIP depends on seamless coordination among banks, fintechs, and other stakeholders. Past efforts to create shared databases have been stalled by legal and commercial issues, and similar challenges could delay or limit DPIP's effectiveness,' Chandra added. 1 in 5 UPI user families hit by fraud India's Unified Payments Interface (UPI), a real-time payment system that supports peer-to-peer and merchant transactions, has seen explosive growth in recent years. RBI's latest annual report states, 'During 2024-25, total digital payments recorded growth of 34.8% and 17.9% in volume and value terms, respectively. Moreover, the success of UPI placed India in a leadership position with a share of 48.5% in global real-time payments by volume.' However, a recent survey reportedly reveals that one in five households with a UPI user has faced fraud at least once in the past three years. This revelation comes amid a sharp rise in UPI transactions, which reached 185.8 billion in FY2024–25—a 41.7% jump from the previous year, now comprising 83.4% of India's total digital payment volume. Alarmingly, 51% of fraud victims did not report the incident to any authority—not the police, their bank, the UPI service provider, or regulatory bodies such as the National Payments Corporation of India (NPCI) or the RBI. This lack of reporting points to significant underrepresentation in official fraud data, suggesting that actual cases may be far higher. The survey, which collected over 32,000 responses from UPI users, also found that fraudsters are taking advantage of the rapid uptake of digital payments through a wide range of deceptive methods. Regulators fight back In response to the growing threat of digital payment fraud, the RBI, the National Payments Corporation of India (NPCI), and the Government of India have introduced a series of strategic initiatives to strengthen the security of the digital financial ecosystem. To enhance user trust and tackle phishing attempts, dedicated and secure domain extensions such as '. and '. are being rolled out. These exclusive domains are intended for authorized financial institutions, providing users with a trusted online environment and reducing the risk of impersonation or spoofed websites. In December 2024, the RBI introduced an advanced AI/ML-based tool specifically designed to identify and track mule accounts—bank accounts used as conduits for laundering money or conducting unauthorized transactions. On the public-facing side, the government has established the National Cybercrime Reporting Portal, along with a dedicated helpline number, 1930, to make it easier for individuals to report cases of digital fraud or suspicious activity. This initiative aims to improve fraud reporting rates and ensure victims have quick access to support and redressal mechanisms. NPCI—the central body responsible for overseeing retail payments and settlement systems in India—and the Institute for Development and Research in Banking Technology (IDRBT) have entered into an agreement to jointly enhance cybersecurity and resilience within India's digital payments infrastructure. Under this collaboration, both organizations will design and deliver specialized training programs aimed at technology and cybersecurity professionals working in the banking and digital payment sectors. These programs will address critical topics, including cybersecurity best practices, operational resilience, and data privacy, ensuring that professionals are equipped to meet evolving digital threats. 'Strengthening cyber resilience is not just about technology, but also about people and preparedness. Our partnership with IDRBT will enable structured capacity building across the ecosystem through training, certifications and sharing threat intelligence. This collaboration reinforces NPCI's commitment to proactive risk management and elevating security standards across digital payments,' said Dilip Asbe, MD and CEO of NPCI. A key outcome of the partnership will be creating a dedicated NPCI-certified payment security certification program tailored to current industry challenges and in line with regulatory expectations. This initiative aims to standardize and elevate security expertise across the payments ecosystem. Additionally, IDRBT will provide its advanced threat intelligence service to NPCI and its partners. This will enable real-time sharing of threat data, helping institutions within the NPCI network proactively defend against cyber threats and strengthen the overall security posture of the digital payments landscape. Together, these efforts represent a multi-pronged approach to securing India's digital payments landscape, combining technology, regulatory oversight, and public engagement to mitigate fraud and protect users. Watch: 'Disruptive' blockchain can be useful for India title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Telegraph
13 minutes ago
- Telegraph
Paramount agrees to pay $16m to settle Trump's 60 Minutes lawsuit
Paramount Global, the parent company of CBS, has settled a lawsuit filed by Donald Trump which alleged election interference over an edited 60 Minutes interview with Kamala Harris. Paramount said it would pay $16 million to settle the suit with the money allocated to Mr Trump's future presidential library, and not paid to the US president 'directly or indirectly'. 'The settlement does not include a statement of apology or regret,' the company statement added. Mr Trump filed a $10-billion lawsuit against CBS in October, alleging the network deceptively edited an interview that aired on its 60 Minutes news program with then-vice president and presidential candidate Kamala Harris to 'tip the scales in favour of the Democratic Party' in the election. In an amended complaint filed in February, Mr Trump bumped his claim for damages to $20 billion. CBS aired two versions of the Harris interview in which she appeared to give different answers to the same question about the Israel-Hamas war, according to the lawsuit filed in federal court in Texas. CBS previously said the lawsuit was 'completely without merit' and had asked a judge to dismiss the case. Edward A Paltzik, a lawyer representing Mr Trump in the civil suit, could not be immediately reached for comment. A spokesperson for Paramount Chair Shari Redstone was similarly unavailable for comment. The case entered mediation in April. Mr Trump alleged CBS's editing of the interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading or deceptive acts in commerce. The settlement comes as Paramount prepares for an $8.4-billion merger with Skydance Media, which will require approval from the US Federal Communications Commission. On the campaign trail last year, Mr Trump threatened to revoke CBS' broadcasting licence if elected. He has repeatedly lashed out against news publications, often casting unfavourable coverage as 'fake news', and has vowed to pursue more claims against media organisations. The Paramount settlement follows a decision by Walt Disney-owned ABC News to settle a defamation case brought by Mr Trump. As part of that settlement, which was made public on December 14, the network donated $15 million to Mr Trump's presidential library and publicly apologised for comments by anchor George Stephanopoulos, who inaccurately said Mr Trump had been found liable for rape. It also follows a second settlement, by Facebook and Instagram parent company Meta Platforms, which on January 29 said it had agreed to pay about $25 million to settle a lawsuit by Mr Trump over the company's suspension of his accounts after the January 6, 2021, attack at the US Capitol.
The Guardian
19 minutes ago
- The Guardian
Paramount settles with Trump for $16m over ‘60 Minutes' Kamala Harris interview
CBS parent company Paramount on Wednesday settled a lawsuit filed by Donald Trump over an interview broadcast in October, in the latest concession by a media company to the US president, who has targeted outlets over what he describes as false or misleading coverage. Paramount said it would pay $16m to settle the suit with the money allocated to Trump's future presidential library, and not paid to Trump 'directly or indirectly'. 'The settlement does not include a statement of apology or regret,' the company statement added. Trump filed a $10bn lawsuit against CBS in October, alleging the network deceptively edited an interview that aired on its 60 Minutes news program with then-vice-president and presidential candidate Kamala Harris to 'tip the scales in favor of the Democratic party' in the election. In an amended complaint filed in February, Trump increased his claim for damages to $20bn. CBS aired two versions of the Harris interview in which she appears to give different answers to the same question about the Israel-Hamas war, according to the lawsuit filed in a federal court in Texas. CBS previously said the lawsuit was 'completely without merit' and had asked a judge to dismiss the case. The White House did not immediately respond to a Reuters request for comment. Edward A Paltzik, a lawyer representing Trump in the civil suit, could not be immediately reached for comment. Paramount said it also agreed that 60 Minutes would release transcripts of interviews with future US presidential candidates after they aired, subject to redactions as required for legal or national security concerns. A spokesperson for Paramount Chair Shari Redstone was unavailable for comment. The case entered mediation in April. Trump alleged CBS's editing of the interview violated the Texas Deceptive Trade Practices-Consumer Protection Act, which makes it illegal to use false, misleading or deceptive acts in commerce. The settlement comes as Paramount prepares for an $8.4bn merger with Skydance Media, which will require approval from the US Federal Communications Commission. On the campaign trail last year, Trump threatened to revoke CBS's broadcasting licence if elected. He has repeatedly lashed out against the news media, often casting unfavourable coverage as 'fake news'. The Paramount settlement follows a decision by Walt Disney-owned ABC News to settle a defamation case brought by Trump. As part of that settlement, which was made public on 14 December, the network donated $15m to Trump's presidential library and publicly apologised for comments by anchor George Stephanopoulos, who inaccurately said Trump had been found liable for rape. It also follows a second settlement by Facebook and Instagram parent company Meta Platforms, which on 29 January said it had agreed to pay about $25m to settle a lawsuit by Trump over the company's suspension of his accounts after the 6 January 2021 attack at the US Capitol. Trump has vowed to pursue more claims against the media.
