Australian regulator highlights rising AI use across various industries

The Australian Communications and Media Authority reports that AI use is accelerating across telecommunications, media and online gambling sectors. The findings highlight growing adoption alongside increasing complexity in how the technology is applied.

According to the Authority, AI is being used in media to personalise advertising and streamline content production. However, concerns have been raised about misinformation risks and the use of copyrighted material.

In the gambling sector, AI supports predictive analytics, promotions and detection of harmful behaviour, while telecommunications companies use it to improve efficiency, detect scams and strengthen network resilience.

The Authority states that despite efficiency gains, stakeholders are calling for stronger governance, transparency and safeguards as AI adoption expands in Australia.

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UK regulator selects firms for second cohort of AI testing programme in financial services

The Financial Conduct Authority (FCA) has selected eight firms to join the second cohort of its AI Live Testing programme, with trials beginning in April 2026. The announcement was made at UK FinTech Week.

The initiative allows participants to test AI applications under regulatory oversight, with a focus on risk management and live monitoring. FCA is working with AI assurance specialist Advai to support the deployment of systems across financial markets.

Jessica Rusu, chief data, information and intelligence officer at FCA, said the programme reflects collaboration between regulators and industry. She added that FCA continues to work with firms to support the safe and responsible development of AI in UK financial markets.

The second cohort includes Barclays, Experian, Lloyds Banking Group, UBS, Aereve, Coadjute, GoCardless and Palindrome. FCA noted that use cases include targeted investment support, credit scoring insights, anti-money laundering detection and agentic payments.

FCA will also use the programme to examine emerging concepts, such as targeted support, a lighter-touch regulatory category aimed at addressing the UK’s advice gap. It reported that applications to its innovation services, including the Regulatory Sandbox and Innovation Pathways, increased by 49 percent year on year. A report on AI adoption practices is expected later in 2026, with a full evaluation of the cohort due in 2027.

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India forms expert committee to support AI governance framework

India’s Ministry of Electronics and Information Technology has constituted a Technology and Policy Expert Committee to support the country’s AI governance architecture. The committee will advise the AI Governance and Economic Group (AIGEG) on policy design, regulatory measures, and international engagement.

The committee is chaired by the ministry’s Secretary and includes experts from academia, industry, and digital policy. Its mandate is to provide informed input grounded in technological developments, regulatory approaches, and global practices.

AIGEG will set strategic direction and coordinate policy across government. The expert committee will translate technical and policy issues into actionable insights for decision-making.

The framework aims to ensure a dynamic and adaptive approach to AI governance. It also seeks to align strategic, technical, and policy considerations with India’s social and economic context.

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Frontier AI cybersecurity risks highlighted by the World Economic Forum

A shift is emerging in cybersecurity as frontier AI systems become more capable and harder to control.

Anthropic’s decision to restrict access to the Claude Mythos Preview reflects growing concern about how such models can be used in real-world cybersecurity operations, as highlighted in an article published by the World Economic Forum.

Reported capabilities include identifying unknown vulnerabilities and generating working exploits. Tasks that once required specialised teams over long periods can now be accelerated significantly.

Defensive benefits exist, particularly in faster vulnerability detection, but the same capabilities can also lower barriers for attackers.

The main challenge is no longer finding weaknesses but managing them. AI can generate large volumes of vulnerabilities in a short time, while many organisations still rely on slower response cycles.

That gap increases exposure, especially for critical systems and infrastructure.

Cybersecurity is therefore moving away from static protection toward continuous monitoring and rapid response. At the same time, the lack of clear global rules on access to advanced AI systems raises broader concerns about governance and long-term stability.

Such an evolving imbalance between capability and control is likely to define the next phase of cyber risk.

The World Economic Forum report also stresses that AI-driven cyber risk is becoming a strategic issue, requiring board-level attention, stronger public–private coordination, and faster response timelines, as vulnerability discovery and exploitation compress from weeks to hours.

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UK NCSC calls for stronger cyber readiness

The UK National Cyber Security Centre has warned that organisations must urgently prepare for severe cyber threats, describing them as a growing risk to operations and national resilience. The guidance calls for immediate action from leadership.

Cyber attacks are becoming more capable and disruptive, with new technologies such as AI increasing their speed and scale. These threats can lead to major operational, financial and security impacts.

The agency emphasises that resilience, rather than prevention alone, is critical. Organisations must be able to continue operating and recover during cyber attacks, with preparation and planning carried out in advance.

The Centre states that responsibility lies with organisational leaders, urging investment, coordination and early planning to ensure essential services can continue under pressure in the UK.

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Report on Geneva 2027 AI Summit preparations available

A report outlining initial consultations for the Geneva 2027 AI Summit has been submitted to the Swiss government following a preparatory event held during GenAI Zürich 2026.

The report consolidates inputs from an invite-only roundtable held on 1 April 2026 and written submissions collected through an open call. It was prepared by ICT4Peace and GenAI Zürich to support Switzerland’s planning for the summit.

According to the organisers, the roundtable brought together participants from government, academia, industry, civil society, and international organisations. It was co-moderated by Daniel Stauffacher, founder of ICT4Peace, Ambassador Thomas Schneider, Vice-Director of the Swiss Federal Office of Communications (BAKOM), and Ambassador Markus Reubi, project lead for the Geneva 2027 AI Summit at the Swiss Federal Department of Foreign Affairs.

In addition to the roundtable, the report includes written contributions submitted through an online consultation process, with organisers noting that 55 submissions were received, including 52 with substantive responses.

The report presents a synthesis of themes and proposals related to the objectives and potential outcomes of the Geneva 2027 AI Summit. According to the organisers, the analysis is based on recurring themes and areas of convergence identified during the consultation process, rather than a statistically representative survey.

Discussions were conducted under the Chatham House Rule, and the report does not attribute comments to individual participants.

The findings were submitted to the Swiss government’s Platform Tripartite on 13 April 2026 to inform further preparations for the summit.

Switzerland is scheduled to host the next global AI Summit in 2027 in Geneva, following previous summits held in the United Kingdom, the Republic of Korea, France, and India.

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DIFC unveils plan to build ‘AI-native’ financial centre in Dubai

Dubai International Financial Centre has announced plans to become what it describes as the world’s first ‘AI-native’ financial centre, embedding AI into regulation, business operations, and physical infrastructure rather than treating it as a stand-alone tool.

The initiative is being presented as a broader redesign of how a financial centre functions. Instead of limiting AI to back-office support or isolated digital services, DIFC says it wants AI to shape legal frameworks, compliance processes, client management, and the wider operation of the financial ecosystem.

The plan builds on DIFC’s longer-term AI strategy, launched in 2023 and already tied to changes in data governance and the centre’s wider innovation agenda.

According to DIFC, AI is already being used in areas such as compliance and client services, with further expansion planned across financial workflows, supervisory processes, and institutional decision-making.

DIFC also says the initiative will be supported by a broader ecosystem designed to attract investment, talent, and experimentation. That includes training programmes, venture support, accelerators, and the continued development of its AI-focused innovation infrastructure. The aim is not only to encourage firms to use AI, but to make Dubai a base for building and scaling AI-driven financial services.

The project also extends beyond software and regulation. DIFC says physical infrastructure will evolve alongside digital systems, with plans linked to smart buildings, robotics, autonomous mobility, and digital twins by the end of the decade.

That gives the announcement a broader urban and economic dimension, positioning AI as part of the district’s future design rather than simply a tool used by firms within it.

The broader significance of the move lies in how Dubai is trying to position itself in the global race to shape AI in finance. Rather than focusing only on innovation-friendly rhetoric, DIFC is presenting regulation, infrastructure, skills, and ecosystem-building as part of a single strategy.

If realised in practice, that could strengthen Dubai’s role as a hub for AI-driven financial services and as a testing ground for new governance models.

At the same time, the claim to be the world’s first ‘AI-native’ financial centre should be understood as DIFC’s own description of the project, rather than an independently established category.

The more solid story is that Dubai is trying to make AI part of the operating logic of a financial centre itself, using policy, infrastructure, and investment to support that ambition.

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IWF and Utropolis partnership strengthens AI-driven child online safety

The Internet Watch Foundation (IWF) has announced a new partnership with Utropolis, marking a step forward in efforts to strengthen online child protection. The collaboration brings together established detection tools and emerging AI-driven safeguarding technologies.

Utropolis specialises in cloud-based filtering systems designed to identify risks in real time, particularly in school environments.

By integrating IWF datasets, including verified lists of harmful content, the platform aims to improve prevention and detection capabilities while helping educators maintain safer digital spaces.

The initiative reflects a broader trend towards combining AI with established regulatory and safeguarding frameworks. As harmful material continues to spread online, organisations are increasingly focusing on scalable, automated solutions that can adapt to evolving threats.

The partnership also aligns with UK online safety standards in education, reinforcing compliance requirements and strengthening institutional responses.

As digital environments continue to expand, collaborations of this kind highlight the growing role of AI in supporting child protection strategies.

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EU turns digital strategy into infrastructure diplomacy with partner countries

The European Commission, together with the governments of France and Finland, has hosted a high-level study visit in Brussels on secure, resilient and trusted connectivity and digital infrastructure, bringing policymakers and regulators from Egypt, Indonesia, Jordan, Kenya, the Philippines and Vietnam into direct talks with the EU institutions and industry actors. The visit forms part of the EU’s effort to turn its international digital strategy into practical cooperation with partner countries.

The programme focused on policy frameworks for secure and trusted telecommunications infrastructure, including subsea cable deployment and wider digital infrastructure development. In Brussels, delegates met with the European Commission and the European External Action Service. They were briefed on the EU policy tools, including the proposed Digital Networks Act, cybersecurity measures, and the EU’s Submarine Cable Security Toolbox.

The study visit then continued in Aachen, Antwerp, Paris and Helsinki, where participants met major European technology firms and providers of trusted connectivity and digital infrastructure solutions. That industry-facing element matters because the visit was not only about sharing regulatory ideas but also about showcasing European technical and commercial capacity in secure digital infrastructure.

Seen in that context, the initiative is best understood not as a major standalone policy announcement, but as a practical piece of digital diplomacy. The EU’s International Digital Strategy, launched in June 2025, explicitly aims to expand digital partnerships, promote a high level of security for the EU and its partners, and shape global digital governance and standards through cooperation on areas such as secure connectivity, cybersecurity, digital public infrastructure, and emerging technologies.

That wider strategy also includes an ‘EU Tech Business Offer’, combining public and private investment to support the digital transition of partner countries through areas such as AI factories, secure and trusted connectivity, digital public infrastructure and cybersecurity. The Brussels study visit appears to fit squarely within that model, linking diplomacy, regulatory outreach and industrial promotion.

The significance of the visit, therefore, lies less in any immediate policy outcome than in what it says about the EU’s external digital posture. Brussels is trying to position itself not only as a regulator of digital markets at home, but also as a provider of standards, expertise and infrastructure models abroad. At a time of rising geopolitical competition over connectivity, network security and critical infrastructure, such exchanges allow the EU to present European approaches to trusted digital development as an alternative to more fragmented or politically dependent models.

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Tax Practitioners Board of Australia ends submissions on AI draft for tax agents

Australia’s Tax Practitioners Board has closed submissions on its exposure draft on the use of AI and the Code of Professional Conduct. The draft information sheet, TPB(I) D62/2026, was issued on 23 March 2026 and invited comments within 28 days.

According to the exposure draft, the guidance is intended to help registered tax agents and BAS agents understand their obligations under the Tax Agent Services Act 2009 of Australia when using AI in the provision of tax agent services. The document says it focuses in particular on obligations under the Code of Professional Conduct and the Tax Agent Services (Code of Professional Conduct) Determination 2024.

The draft says tax practitioners remain ultimately responsible for the services they provide and must understand the capabilities and limitations of AI tools, assess outputs, and supplement them with professional judgement. It adds that AI outputs should inform, not replace, tax knowledge, experience, or expertise.

On competency, the draft says tax practitioners must ensure services are provided competently, maintain relevant knowledge and skills, take reasonable care in ascertaining a client’s state of affairs, and take reasonable care to ensure taxation laws are applied correctly. It also says practitioners should verify AI-generated content for accuracy and establish processes to understand and contest AI decisions or outputs.

The exposure draft also addresses confidentiality. It says tax practitioners must not disclose information relating to a client’s affairs to a third party without the client’s permission, and notes that this may include entering client information into AI chatbots or copilots, depending on how those tools are configured and used. It also says practitioners should review commercial AI tools to ensure client information will be kept secure and that Privacy Act 1988 requirements are met.

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