Economic

Prominent United Nations leaders to attend AI Impact Summit 2026

Senior United Nations leaders, including Antonio Guterres, will take part in the AI Impact Summit 2026, set to be held in New Delhi from 16 to 20 February. The event will be the first global AI summit of this scale to be convened in the Global South.

The Summit is organised by the Ministry of Electronics and Information Technology and will bring together governments, international organisations, industry, academia, and civil society. Talks will focus on responsible AI development aligned with the Sustainable Development Goals.

More than 30 United Nations-led side events will accompany the Summit, spanning food security, health, gender equality, digital infrastructure, disaster risk reduction, and children’s safety. Guterres said shared understandings are needed to build guardrails and unlock the potential of AI for the common good.

Other participants include Volker Turk, Amandeep Singh Gill, Kristalina Georgieva, and leaders from the International Labour Organization, International Telecommunication Union, and other UN bodies. Senior representatives from UNDP, UNESCO, UNICEF, UN Women, FAO, and WIPO are also expected to attend.

The Summit follows the United Nations General Assembly’s appointment of 40 members to a new international scientific panel on AI. The body will publish annual evidence-based assessments to support global AI governance, including input from IIT Madras expert Balaraman Ravindran.

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Quebec examines AI debt collection practices

Quebec’s financial regulator has opened a review into how AI tools are being used to collect consumer debt across the province. The Autorité des marchés financiers is examining whether automated systems comply with governance, privacy and fairness standards in Quebec.

Draft guidelines released in 2025 require institutions in Quebec to maintain registries of AI systems, conduct bias testing and ensure human oversight. Public consultations closed in November, with regulators stressing that automation must remain explainable and accountable.

Many debt collection platforms now rely on predictive analytics to tailor the timing, tone and frequency of messages sent to borrowers in Quebec. Regulators are assessing whether such personalisation risks undue pressure or opaque decision making.

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Security flaws expose ‘vibe-coding’ AI platform Orchids to easy hacking

BBC technology reporting reveals that Orchids, a popular ‘vibe-coding’ platform designed to let users build applications through simple text prompts and AI-assisted generation, contains serious, unresolved security weaknesses that could let a malicious actor breach accounts and tamper with code or data.

A cybersecurity researcher demonstrated that the platform’s authentication and input handling mechanisms can be exploited, allowing unauthorised access to projects and potentially enabling attackers to insert malicious code or exfiltrate sensitive information.

Because Orchids abstracts conventional coding into natural-language prompts and shared project spaces, the risk surface for such vulnerabilities is larger than in traditional development environments.

The report underscores broader concerns in the AI developer ecosystem: as AI-driven tools lower technical barriers, they also bring new security challenges when platforms rush to innovate without fully addressing fundamental safeguards such as secure authentication, input validation and permission controls.

Experts cited in the article urge industry and regulators to prioritise robust security testing and clear accountability when deploying AI-assisted coding systems.

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AI startup raises $100m to predict human behaviour

Artificial intelligence startup Simile has raised $100m to develop a model designed to predict human behaviour in commercial and corporate contexts. The funding round was led by Index Ventures with participation from Bain Capital Ventures and other investors.

The company is building a foundation model trained on interviews, transaction records and behavioural science research. Its AI simulations aim to forecast customer purchases and anticipate questions analysts may raise during earnings calls.

Simile says the technology could offer an alternative to traditional focus groups and market testing. Retail trials have included using the system to guide decisions on product placement and inventory.

Founded by Stanford-affiliated researchers, the startup recently emerged from stealth after months of development. Prominent AI figures, including Fei-Fei Li and Andrej Karpathy, joined the funding round as it seeks to scale predictive decision-making tools.

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AI adoption reshapes UK scale-up hiring policy framework

AI adoption is prompting UK scale-ups to recalibrate workforce policies. Survey data indicates that 33% of founders anticipate job cuts within the next year, while 58% are already delaying or scaling back recruitment as automation expands. The prevailing approach centres on cautious workforce management rather than immediate restructuring.

Instead of large-scale redundancies, many firms are prioritising hiring freezes and reduced vacancy postings. This policy choice allows companies to contain costs and integrate AI gradually, limiting workforce growth while assessing long-term operational needs.

The trend aligns with broader labour market caution in the UK, where vacancies have cooled amid rising business costs and technological transition. Globally, the technology sector has experienced significant layoffs in 2026, reinforcing concerns about how AI-driven efficiency strategies are reshaping employment models.

At the same time, workforce readiness remains a structural policy challenge. Only a small proportion of founders consider the UK workforce prepared for widespread AI adoption, underscoring calls for stronger investment in skills development and reskilling frameworks as automation capabilities advance.

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Ethical governance at centre of Africa AI talks

Ghana is set to host the Pan African AI and Innovation Summit 2026 in Accra, reinforcing its ambition to shape Africa’s digital future. The gathering will centre on ethical artificial intelligence, youth empowerment and cross-sector partnerships.

Advocates argue that AI systems must be built on local data to reflect African realities. Many global models rely on datasets developed outside the continent, limiting contextual relevance. Prioritising indigenous data, they say, will improve outcomes across agriculture, healthcare, education and finance.

National institutions are central to that effort. The National Information Technology Agency and the Data Protection Commission have strengthened digital infrastructure and privacy oversight.

Leaders now call for a shift from foundational regulation to active enablement. Expanded cloud capacity, high-performance computing and clearer ethical AI guidelines are seen as critical next steps.

Supporters believe coordinated governance and infrastructure investment can generate skilled jobs and position Ghana as a continental hub for responsible AI innovation.

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AI visibility becomes crucial in college search

Growing numbers of students are using AI chatbots such as ChatGPT to guide their college search, reshaping how institutions attract applicants. Surveys show nearly half of high school students now use artificial intelligence tools during the admissions process.

Unlike traditional search engines, generative AI provides direct answers rather than website links, keeping users within conversational platforms. That shift has prompted universities to focus on ‘AI visibility’, ensuring their information is accurately surfaced by chatbots.

Institutions are refining website content through answer engine optimisation to improve how AI systems interpret their programmes and values. Clear, updated data is essential, as generative models can produce errors or outdated responses.

College leaders see both opportunity and risk in the trend. While AI can help families navigate complex choices, advisers warn that trust, accuracy and the human element remain critical in higher education decision-making.

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AI in Africa accelerates a critical shift in economic development

AI is being positioned as a transformative driver of Africa’s economic future. A roadmap unveiled by the African Development Bank estimates that AI could generate up to $1 trillion in additional GDP by 2035, representing nearly one-third of the continent’s current output.

However, the opportunity is time-sensitive. Delays in implementation risk widening digital inequalities and increasing dependence on technologies developed elsewhere. Early progress, particularly by 2026, is considered essential to sustain momentum and attract long-term investment.

Rather than distributing AI evenly across the economy, the roadmap prioritises five sectors expected to capture most gains: agriculture, wholesale and retail, manufacturing, finance, and health. This targeted approach reflects resource constraints and the need to demonstrate measurable impact in high-employment and high-growth industries.

Despite its potential, Africa faces structural constraints. The continent accounts for only a small share of global AI compute capacity, while data infrastructure and cloud presence remain limited. Without expanded data centres, affordable computing resources, and improved connectivity, AI deployment may remain uneven.

The strategy rests on five core enablers: data, compute, skills, trust, and capital. Each pillar presents challenges, particularly in ensuring data accessibility, building technical expertise, and mobilising sustainable investment. Skills development is especially critical, as Africa represents a small portion of the global AI talent pool and significant literacy gaps persist.

The roadmap outlines three implementation phases between 2025 and 2035: ignition, consolidation, and scale. Success will depend on coordinated action, early infrastructure development, and cross-border collaboration.

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Portugal moves to tighten teen access to social media

Portugal’s parliament has approved a draft law that would require parental consent for teenagers aged 13 to 16 to use social media, in a move aimed at strengthening online protections for minors. The proposal passed its first reading on Thursday and will now move forward in the legislative process, where it could still be amended before a final vote.

The bill is backed by the ruling Social Democratic Party (PSD), which argues that stricter rules are needed to shield young people from online risks. Lawmakers cited concerns over cyberbullying, exposure to harmful content, and contact with online predators as key reasons for tightening access.

Under the proposal, parents would have to grant permission through the public Digital Mobile Key system of Portugal. Social media companies would be required to introduce age verification mechanisms linked to this system to ensure that only authorised teenagers can create and maintain accounts.

The legislation also seeks to reinforce the enforcement of an existing ban prohibiting children under 13 from accessing social media platforms. Authorities believe the new measures would make it harder for younger users to bypass age limits.

The draft law was approved in its first reading by 148 votes to 69, with 13 abstentions. A PSD lawmaker warned that companies failing to comply with the new requirements could face fines of up to 2% of their global revenue, signalling that the government intends to enforce the new requirements seriously.

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EU decision regulates researcher access to data under the DSA

A document released by the Republican-led House Judiciary Committee revived claims that the EU digital rules amount to censorship. The document concerns a €120 million fine against X under the Digital Services Act and was framed as a ‘secret censorship ruling’, despite publication requirements.

The document provides insight into how the European Commission interprets Article 40 of the DSA, which governs researcher access to platform data. The rule requires huge online platforms to grant qualified researchers access to publicly accessible data needed to study systemic risks in the EU.

Investigators found that X failed to comply with Article 40.12, in force since 2023 and covering public data access. The Commission said X applied restrictive eligibility rules, delayed reviews, imposed tight quotas, and blocked independent researcher access, including scraping.

The decision confirms platforms cannot price access to restrict research, deny access based on affiliation or location, or ban scraping by contract. The European Commission also rejected X’s narrow reading of ‘systemic risk’, allowing broader research contexts.

The ruling also highlights weak internal processes and limited staffing for handling access requests. X must submit an action plan by mid-April 2026, with the decision expected to shape future enforcement of researcher access across major platforms.

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