Banks and tech firms create open-source AI standards

A group of leading banks and technology firms has joined forces to create standardised open-source controls for AI within the financial sector.

The initiative, led by the Fintech Open Source Foundation (FINOS), includes financial institutions such as Citi, BMO, RBC, and Morgan Stanley, working alongside major cloud providers like Microsoft, Google Cloud, and Amazon Web Services.

Known as the Common Controls for AI Services project, the effort seeks to build neutral, industry-wide standards for AI use in financial services.

The framework will be tailored to regulatory environments, offering peer-reviewed governance models and live validation tools to support real-time compliance. It extends FINOS’s earlier Common Cloud Controls framework, which originated with contributions from Citi.

Gabriele Columbro, Executive Director of FINOS, described the moment as critical for AI in finance. He emphasised the role of open source in encouraging early collaboration between financial firms and third-party providers on shared security and compliance goals.

Instead of isolated standards, the project promotes unified approaches that reduce fragmentation across regulated markets.

The project remains open for further contributions from financial organisations, AI vendors, regulators, and technology companies.

As part of the Linux Foundation, FINOS provides a neutral space for competitors to co-develop tools that enhance AI adoption’s safety, transparency, and efficiency in finance.

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Apple considers buying Perplexity AI

Apple is reportedly considering the acquisition of Perplexity AI as it attempts to catch up in the fast-moving race for dominance in generative technology.

According to Bloomberg, the discussions involve senior executives, including Eddy Cue and merger head Adrian Perica, who remain at an early stage.

Such a move would significantly shift Apple, which typically avoids large-scale takeovers. However, with investor pressure mounting after an underwhelming developer conference, the tech giant may rethink its traditionally cautious acquisition strategy.

Perplexity has gained prominence for its fast, clear AI chatbot and recently secured funding at a $14 billion valuation.

Should Apple proceed, the acquisition would be the company’s largest ever financially and strategically, potentially transforming its position in AI and reducing its long-standing dependence on Google’s search infrastructure.

Apple’s slow development of Siri and reliance on a $20 billion revenue-sharing deal with Google have left it trailing rivals. With that partnership now under regulatory scrutiny in the US, Apple may view Perplexity as a vital step towards building a more autonomous search and AI ecosystem.

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Africa reflects on 20 years of WSIS at IGF 2025

At the Internet Governance Forum (IGF) 2025, a high-level session brought together African government officials, private sector leaders, civil society advocates, and international experts to reflect on two decades of the continent’s engagement in the World Summit on the Information Society (WSIS) process. Moderated by Mactar Seck of the UN Economic Commission for Africa, the WSIS+20 Africa review highlighted both remarkable progress and ongoing challenges in digital transformation.

Seck opened the discussion with a snapshot of Africa’s connectivity leap from 2.6% in 2005 to 38% today. Yet, he warned, ‘Cybersecurity costs Africa 10% of its GDP,’ underscoring the urgency of coordinated investment and inclusion. Emphasising multi-stakeholder collaboration, he called for ‘inclusive policy-making across government, private sector, academia and civil society,’ aligned with frameworks such as the AU Digital Strategy and the Global Digital Compact.

Tanzania’s Permanent Secretary detailed the country’s 10-year National Digital Strategic Framework, boasting 92% 3G and 91% 4G coverage and regional infrastructure links. Meanwhile, Benin’s Hon. Adjara presented the Cotonou Declaration and proposed an African Digital Performance Index to monitor broadband, skills, cybersecurity, and inclusion. From the private sector, Jimson Odufuye called for ‘annual WSIS reviews at national level’ and closer alignment with Sustainable Development Goals, stating, “If we cannot measure progress, we cannot reach the SDGs.”

Gender advocate Baratang Pil called for a revision of WSIS action lines to include mandatory gender audits and demanded that ‘30% of national AI and DPI funding go to women-led tech firms.’ Youth representative Louvo Gray stressed the need for $100 billion to close the continent’s digital divide, reminding participants that by 2050, 42% of the world’s youth will be African. Philippe Roux of the UN Emerging Technology Office urged policymakers to focus on implementation over renegotiation: ‘People are not connected because it costs too much — we must address the demand side.’

The panel concluded with a call for enhanced continental cooperation and practical action. As Seck summarised, ‘Africa has the youth, knowledge, and opportunity to lead in the Fourth Industrial Revolution. We must make sure digital inclusion is not a slogan — it must be a shared commitment.’

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How ROAMX helps bridge the digital divide

At the Internet Governance Forum 2025 in Lillestrøm, Norway, experts and stakeholders gathered to assess the progress of UNESCO’s ROAMX framework, a tool for evaluating digital development through the lenses of Rights, Openness, Accessibility, Multi-stakeholder participation, and cross-cutting issues such as gender equality and sustainability. Since its introduction in 2018, and with the rollout of new second-generation indicators in 2024, ROAMX has helped countries align their digital policies with global standards like the WSIS and Sustainable Development Goals.

Dr Tawfik Jelassi of UNESCO opened the session by highlighting the urgency of inclusive digital transformation, noting that 2.6 billion people remain offline, particularly in lower-income regions.

Brazil and Fiji were presented as case studies for the updated framework. Brazil, the first to implement the revised indicators, showcased improvements in digital public services, but also revealed enduring inequalities—particularly among Black women and rural communities—with limited meaningful connectivity and digital literacy.

Meanwhile, Fiji piloted a capacity-building workshop that exposed serious intergovernmental coordination gaps: despite extensive consultation, most ministries were unaware of their national digital strategy. These findings underscore the need for ongoing engagement across government and civil society to implement effective digital policies truly.

Speakers emphasised that ROAMX is more than just an assessment tool; it offers a full policy lifecycle framework that can inform planning, monitoring, and evaluation. Participants noted that the framework’s adaptability makes it suitable for integration into national and regional digital governance efforts, including Internet Governance Forums.

They also pointed out the acute lack of sex-disaggregated data, which severely hampers effective policy responses to gender-based digital divides, especially in regions like Africa, where women remain underrepresented in both access and leadership roles in tech.

The session concluded with a call for broader adoption of ROAMX as a strategic tool to guide inclusive digital transformation efforts worldwide. Its relevance was affirmed in the context of WSIS+20 and the Global Digital Compact, with panellists agreeing that meaningful, rights-based digital development must be data-driven, inclusive, and participatory to leave no one behind in the digital age.

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Civil society pushes for digital rights and justice in WSIS+20 review at IGF 2025

At a packed session during Day 0 of the Internet Governance Forum 2025 in Lillestrøm, Norway, civil society leaders gathered to strategise how the upcoming WSIS+20 review can deliver on the promise of digital rights and justice. Organised by the Global Digital Justice Forum and the Global Digital Rights Coalition for WSIS, the brainstorming session brought together voices from across the globe to assess the ‘elements paper’ recently issued by review co-facilitators from Albania and Kenya.

Anna Oosterlinck of ARTICLE 19 opened the session by noting significant gaps in the current draft, especially in its treatment of human rights and multistakeholder governance.

Ellie McDonald of Global Partners Digital, speaking on behalf of the Global Digital Rights Coalition, presented the group’s three strategic pillars: anchoring digital policy in international human rights law, reinforcing multistakeholder governance based on São Paulo guidance, and strengthening WSIS institutions like the Internet Governance Forum. She warned that current policy language risks drifting away from established human rights commitments and fails to propose concrete steps for institutional resilience.

Nandini Chami of the Global Digital Justice Forum outlined their campaign’s broader structural agenda, including a call for an integrated human rights framework fit for the digital age, safeguarding the internet as a global commons, ensuring sustainable digital transitions, and creating a fair international digital economy that combats digital colonialism. She stressed the importance of expanding rights protections to include people affected by AI and data practices, even those not directly online.

Zach Lampell from the International Centre for Not-for-Profit Law closed the session with a stark reminder: those who control internet infrastructure hold immense power over how digital rights are exercised. He and others urged participants to provide feedback by 15 July through an open consultation process, emphasising the need for strong, unified civil society input. The organising coalitions committed to publishing a summary paper to advance advocacy ahead of the final WSIS+20 outcome document.

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Perplexity AI bot now makes videos on X

Perplexity’s AI chatbot, now integrated with X (formerly Twitter), has introduced a feature that allows users to generate short AI-created videos with sound.

By tagging @AskPerplexity with a brief prompt, users receive eight-second clips featuring computer-generated visuals and audio, including dialogue. The move is as a potential driver of engagement on the Elon Musk-owned platform.

However, concerns have emerged over the possibility of misinformation spreading more easily. Perplexity claims to have installed strong filters to limit abuse, but X’s poor content moderation continues to fuel scepticism.

The feature has already been used to create imaginative videos involving public figures, sparking debates around ethical use.

The competition between Perplexity’s ‘Ask’ bot and Musk’s Grok AI is intensifying, with the former taking the lead in multimedia capabilities. Despite its popularity on X, Grok does not currently support video generation.

Meanwhile, Perplexity is expanding to other platforms, including WhatsApp, offering AI services directly without requiring a separate app or registration.

Legal troubles have also surfaced. The BBC is threatening legal action against Perplexity over alleged unauthorised use of its content for AI training. In a strongly worded letter, the broadcaster has demanded content deletion, compensation, and a halt to further scraping.

Perplexity dismissed the claims as manipulative, accusing the BBC of misunderstanding technology and copyright law.

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Elon Musk wants Grok AI to replace historical facts

Elon Musk has revealed plans to retrain his Grok AI model by rewriting human knowledge, claiming current training datasets contain too much ‘garbage’ and unchecked errors.

He stated that Grok 3.5 would be designed for ‘advanced reasoning’ and tasked with correcting historical inaccuracies before using the revised corpus to retrain itself.

Musk, who has criticised other AI systems like ChatGPT for being ‘politically correct’ and biassed, wants Grok to be ‘anti-woke’ instead.

His stance echoes his earlier approach to X, where he relaxed content moderation and introduced a Community Notes feature in response to the platform being flooded with misinformation and conspiracy theories after his takeover.

The proposal has drawn fierce criticism from academics and AI experts. Gary Marcus called the plan ‘straight out of 1984’, accusing Musk of rewriting history to suit personal beliefs.

Logic professor Bernardino Sassoli de’ Bianchi warned the idea posed a dangerous precedent where ideology overrides truth, calling it ‘narrative control, not innovation’.

Musk also urged users on X to submit ‘politically incorrect but factually true’ content to help train Grok.

The move quickly attracted falsehoods and debunked conspiracies, including Holocaust distortion, anti-vaccine claims and pseudoscientific racism, raising alarms about the real risks of curating AI data based on subjective ideas of truth.

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LinkedIn users still hesitate to use AI writing tools

LinkedIn users have readily embraced AI in many areas, but one feature has not taken off as expected — AI-generated writing suggestions for posts.

CEO Ryan Roslansky admitted to Bloomberg that the tool’s popularity has fallen short, likely due to the platform’s professional nature and the risk of reputational damage.

Unlike casual platforms such as X or TikTok, LinkedIn posts often serve as an extension of users’ résumés. Roslansky explained that being called out for using AI-generated content on LinkedIn could damage someone’s career prospects, making users more cautious about automation.

LinkedIn has seen explosive growth in AI-related job demand and skills despite the hesitation around AI-assisted writing. The number of roles requiring AI knowledge has increased sixfold in the past year, while user profiles listing such skills have jumped twentyfold.

Roslansky also shared that he relies on AI when communicating with his boss, Microsoft CEO Satya Nadella. Before sending an email, he uses Copilot to ensure it reflects the polished, insightful tone he calls ‘Satya-smart.’

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OpenAI and Microsoft’s collaboration is near breaking point

The once-celebrated partnership between OpenAI and Microsoft is now under severe strain as disputes over control and strategic direction threaten to dismantle their alliance.

OpenAI’s move toward a for-profit model has placed it at odds with Microsoft, which has invested billions and provided exclusive access to Azure infrastructure.

Microsoft’s financial backing and technical involvement have granted it a powerful voice in OpenAI’s operations. However, OpenAI now appears determined to gain independence, even if it risks severing ties with the tech giant.

Negotiations are ongoing, but the growing rift could reshape the trajectory of generative AI development if the collaboration collapses.

Amid tensions, Microsoft evaluates alternative options, including developing AI tools and working with rivals like Meta and xAI.

Such a pivot suggests Microsoft is preparing for a future beyond OpenAI, potentially ending its exclusive access to upcoming models and intellectual property.

A breakdown could have industry-wide repercussions. OpenAI may struggle to secure the estimated $40 billion in fresh funding it seeks, especially without Microsoft’s support.

At the same time, the rivalry could accelerate competition across the AI sector, prompting others to strengthen or redefine their positions in the race for dominance.

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IGF 2025 opens in Norway with focus on inclusive digital governance

Norway will host the 20th annual Internet Governance Forum (IGF) from 23 to 27 June 2025 in a hybrid format, with the main venue set at Nova Spektrum in Lillestrøm, just outside Oslo.

This milestone event marks two decades of the UN-backed forum that brings together diverse stakeholders to discuss how the internet should be governed for the benefit of all.

The overarching theme, Building Governance Together, strongly emphasises inclusivity, democratic values, and sustainable digital cooperation.

With participation expected from governments, the private sector, civil society, academia, and international organisations, IGF 2025 will continue to promote multistakeholder dialogue on critical topics, including digital trust, cybersecurity, AI, and internet access.

A key feature will be the IGF Village, where companies and organisations will showcase technologies and products aligned with global internet development and governance.

Norway’s Minister of Digitalisation and Public Governance, Karianne Oldernes Tung, underlined the significance of this gathering in light of current geopolitical tensions and the forthcoming WSIS+20 review later in 2025.

Reaffirming Norway’s support for the renewal of the IGF mandate at the UN General Assembly, Minister Tung called for unity and collaborative action to uphold an open, secure, and inclusive internet. The forum aims to assess progress and help shape the next era of digital policy.

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