Beyond the hype: How AI is fraud-proofing India's fintech ecosystem | AI software development agent Codex released by OpenAI in ChatGPT
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ETCIO Newsletter | Saturday, May 17, 2025

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Beyond the hype: How AI is fraud-proofing India's fintech ecosystem
Online fraud in India is increasing. Citizens lost over ₹11,000 crore in the first half of 2024. Artificial intelligence is crucial for fintech security. It enhances user verification and transaction safety. GenAI automates document processing and fraud detection. AI also helps in smarter COD mana...  read more...
AI software development agent Codex released by OpenAI in ChatGPT
OpenAI has launched Codex, an AI coding agent integrated into ChatGPT, powered by the upgraded codex-1 model. It automates tasks like bug fixes and feature development, connecting with GitHub for seamless integration. Codex, currently available to ChatGPT Pro users, operates in a secure environment ...  read more...
Sorry Google and Elon Musk's xAI, Microsoft CEO Satya Nadella finds only DeepSeek's R1 as the first AI model close to OpenAI's
Microsoft CEO Satya Nadella lauded DeepSeek's R1 as a formidable competitor to OpenAI's models, surpassing even Google's Gemini in performance. This recognition, along with praise from OpenAI's Sam Altman and Google's Sundar Pichai, highlights DeepSeek's significant impact on the AI landscape. R1's ...  read more...
IndiaAI receives 506 foundation AI model proposals
IndiaAI Mission's initiative to bolster AI capabilities has seen significant interest, receiving 506 foundation AI proposals. Due to the overwhelming response, the submission deadline for phase 3 has been extended. Sarvam.ai has been selected to develop an indigenous foundational model with 70 billi...  read more...
Weeks after Amazon's Alexa+ AI launch, a mystery: Where are the users?
The rollout of Amazon AI-assisted Alexa+ is proceeding slowly and the service has struggled with speed in answering some questions or prompts, three sources familiar with the matter told Reuters. It also occasionally generates inaccurate or fabricated information, like other AI models, and is expens...  read more...
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