Global job markets face significant changes as artificial intelligence (AI) is expected to impact 40% of jobs worldwide, warns International Monetary Fund (IMF) Chief Kristalina Georgieva. In an interview, she highlighted the dual nature of AI, posing risks to job security while presenting a "tremendous opportunity" for increased productivity. The IMF report suggests 60% job impact in advanced economies, with developing countries expecting a milder effect. Georgieva stressed the importance of assisting low-income nations to harness AI opportunities. Despite challenges, she expressed optimism for a soft landing in the global economy, emphasizing the need for AI-driven productivity growth.

Columbia University's study challenges the uniqueness of fingerprints, revealing an AI model's ability to determine with 75-90% accuracy if prints belong to the same person. Conducted by an undergraduate student, Gabe Gua, and co-authors, the study employed a deep contrastive network to analyze 60,000 fingerprints. It discovered significant similarities in fingerprints from different fingers on the same person, upending the conventional belief in fingerprint distinctiveness. The AI tool focused on ridges' direction rather than minutiae, presenting potential applications in cold cases but requiring further comprehensive research for real forensic use.

OpenAI, Anthropic, and Cohere, major US AI companies, engage in confidential discussions with Chinese AI experts in Geneva. The meetings, supported by the White House and governments, focus on shared concerns about AI's impact on misinformation and social cohesion. Talks, facilitated by Shaikh Group, explore AI safety risks and aim to establish international standards. Notable Sino-US collaboration amid AI competition. Future discussions planned to align AI systems with legal codes and societal norms. Chinese firms like ByteDance, Tencent, Baidu, and Google DeepMind not involved. Calls for global cooperation on AI challenges and regulations intensify.

Research reveals 100+ deepfake video ads impersonating Rishi Sunak on Facebook in the past month, potentially reaching 400,000 viewers. Costing £12,929 and originating from 23 countries, the fakes breach Facebook policies. One ad fabricates a scandal involving Elon Musk and a fake government decision, leading to a scam investment. Former Downing Street official Marcus Beard warns of heightened AI-generated falsehoods impacting elections, citing lax ad moderation. Meta, owner of Facebook, faces criticism. Government emphasizes readiness to combat threats with the Online Safety Act, as regulators push for electoral system updates before the expected November general election.

OpenAI CEO Sam Altman expresses worry about Muslim and Arab tech professionals, especially Palestinians, feeling hesitant to speak up due to fear of retaliation and damaged career prospects. Altman, also acknowledging rising antisemitism, emphasizes the need for empathy within the tech industry. The ongoing conflict in Gaza has heightened tensions, leading to increased discrimination and bias. Altman's observations shed light on the challenges faced by affected communities and underscore the importance of awareness and support in the tech sector and society at large.

A 16-year-old girl's avatar was allegedly gang-raped by male avatars in a metaverse game, causing psychological trauma although she was not physically harmed. The incident occurred as the British teenager was using a VR headset in an immersive metaverse platform. Police are investigating the virtual sexual assault. Authorities stressed the seriousness of such acts and their impact on victims. The case highlights concerns around user safety and the need for platforms to enhance protections, especially for younger users. It also underscores the importance of developing legal policies and support services to address virtual crimes.

Efforts to establish self-regulatory bodies for online gaming in India have stalled, prompting the Ministry of Electronics and Information Technology (Meity) to consider direct control over game approvals. Minister Rajeev Chandrasekhar revealed a lack of progress in appointing such bodies, with only one application received and rejected. The proposed group of ministers for a regulatory framework also faces delays. Meity aims to prevent industry dominance in self-regulation and is weighing the government's direct involvement in determining permissibility. The decision, yet to be finalized, comes after amendments to IT rules in April sought self-regulation for online gaming.

The central government has taken a firm stance against fraudulent loan apps, directing social media and online platforms not to host their advertisements. Union Minister Rajeev Chandrasekhar emphasized the Ministry of Electronics and Information Technology's advisory, stating that carrying ads for these apps misleads and exploits users. The move aims to ensure a safe and trusted internet environment, aligning with evolving jurisprudence. The Minister highlighted the government's commitment to enforcing IT rules that prohibit 11 areas of content, emphasizing the crackdown on misleading ads to protect online users.

Billionaire investor Vinod Khosla, a key supporter of OpenAI with a $50 million investment, anticipates AI causing significant economic deflation over the next quarter-century. Khosla suggests a shift in economic metrics, where traditional measures like GDP may lose relevance due to AI's impact. As AI takes center stage, he envisions capital scarcity but an abundance of goods and services. Khosla's insights prompt reflection on the right metrics for this evolving economic landscape, challenging conventional assessments of economic health.

In response to rising concerns over deepfake videos, the Ministry of Electronics and Information Technology (MeitY) issued an advisory, urging social media platforms to adhere to existing IT rules. The directive, targeting misinformation fueled by AI, emphasizes clear communication of prohibited content under Rule 3(1)(b) to users. Union Minister Rajeev Chandrasekhar warns of legal consequences for violations and announces close monitoring of compliance. The advisory aims to combat deepfake dissemination, outlining penalties under the Indian Penal Code and IT Act. Social media platforms must inform users about legal provisions, ensuring due diligence in content removal.