MAS chief flags AI investment boom as key risk to global financial stability - The Business Times
- The Monetary Authority of Singapore (MAS) has identified a potential boom in AI investments as a key risk to global financial stability.
- To address this, MAS and the Association of Banks in Singapore (ABS) have set up a task force to enhance cyber and technology resilience against AI-driven threats.
- The move aims to mitigate potential risks and ensure the stability of the financial system in the face of rapid technological advancements.
- This development comes as part of broader efforts to regulate and manage the impact of AI on the global economy, with specific policies such as the extension of the ABSD deadline and wait-out curb for private property owners.
Sources & Citations
1 sourceMore Stories
United Ventures backs Beelzebub's €3m AI cyber defence bet
• Beelzebub has raised €3m in a Seed round from United Ventures to develop AI-powered cyber defence technology. • The startup's technology uses AI decoys to trap AI-powered attackers, and it is also developing new tech to protect AI agents.
Read original · fintech.global
FinTech GlobalThe 19 Largest Global Startup Funding Rounds of June 2026 – AlleyWatch
• DeepSeek raised ¥50B and NEURA Robotics secured $1.4B in funding, highlighting the flow of capital into AI and robotics. • Ramp closed a $750M funding round, demonstrating the large scale of investments in key sectors like infrastructure.
Read original · alleywatch.com
AlleyWatchThe Weekly Notable Startup Funding Report: 7/27/26 – AlleyWatch
• The week ending 7/25/26 saw notable startup funding rounds for companies like Neo Security, Vikk AI, and Glow. • A total of $3.1B in new funding was raised across twenty-three deals.
Read original · alleywatch.com
AlleyWatchOpenAI Breach: NVIDIA Unites 35 Tech Giants in AI Alliance
• NVIDIA CEO Jensen Huang has launched the Open Secure AI Alliance in response to an OpenAI testing incident that raised concerns about AI cybersecurity. • The alliance includes over 35 major tech companies, such as Microsoft, IBM, and Cisco, aiming to address AI security issues.
Read original · analyticsinsight.net
Analytics InsightThe next bubble to pop: AI will change the world — and destroy fortunes
• The AI industry is at risk of an economic bubble due to sky-high valuations and soaring costs. • Despite this, AI is expected to transform the global economy and create new applications.
Read original · washingtonexaminer.com
Washington ExaminerTech-Led Selloff Shocks Asian Stock Markets - KAOHOON INTERNATIONAL
• Asian financial markets experienced a sharp decline on Tuesday, led by a selloff in semiconductor and technology stocks. • The Nikkei 225 in Japan fell 3.61% to 62,584.24, while the KOSPI in South Korea dropped 7.60% to 6,221.81, with companies like Tokyo Electron, Advantest, Samsung Electronics, and SK Hynix facing heavy selling.
Read original · kaohooninternational.com
KAOHOON INTERNATIONALEarthquake in the AI sector: DeepSeek suspends its $71 billion funding round
• DeepSeek, a Chinese AI startup, has suspended its $71 billion funding round due to controversy sparked by its founder and CEO, Liang Wenfeng. • The controversy began after Wenfeng's comments during private meetings with investors were made public on Chinese social media platforms.
Read original · voiceofemirates.comMorning Bid: Chips jolted as momentum shifts in AI By Reuters
• Global markets experienced a shift in momentum in AI, leading to a slump in chip stocks, with South Korea's stocks falling over 10%. • Oil prices continued to tumble, but had little impact on stocks or bonds, with a 38% chance of a U.S. rate hike expected this week.
Read original · au.investing.comChip firms fall in US and Asia as AI jitters rattle investors - BBC News
• Chip stocks plummeted across US and Asian markets on Tuesday, leading to a temporary trading pause on South Korea's Kospi index after it slid by 8%. • The sell-off is driven by growing investor "jitters" regarding the long-term profitability of artificial intelligence.
Read original · bbc.co.uk
BBCEurope finally takes AI seriously – POLITICO
• The European Union is shifting its approach to artificial intelligence, moving beyond digital regulation to focus on strategic development and competitiveness. • While the EU produces top-tier research and talent, it currently lacks the large-scale computing infrastructure and growth-stage capital necessary to compete with non-EU frontier AI development.
Read original · politico.eu
POLITICOPhased introduction: Made by AI? EU tells firms to stick a label on it from Sunday - RTL Today
• Starting this Sunday, new European Union transparency rules will require companies to clearly label deepfakes and other AI-generated content. • The mandate aims to combat misinformation by ensuring users can easily distinguish between human-created and synthetic media.
Read original · today.rtl.lu