Regulators across Asia are stepping up scrutiny of cybersecurity risks in their financial systems as concerns about Anthropic's Mythos model expand beyond U.S. and UK banks, Bloomberg reported. MAS has urged banks to identify and patch security vulnerabilities, coordinating with Singapore's Cyber Security Agency on the effort. The advisory follows Wall Street banks beginning Mythos testing at government urging, as reported by Bloomberg in AIPD's April 11 edition, and Anthropic confirming UK bank access, as reported by Bloomberg in AIPD on April 16.
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French prosecutors have summoned Elon Musk over allegations of child abuse images and AI-generated deepfakesDeepfakeSynthetic audio, images or video that realistically depict a real person saying or doing something they did not. Non-consensual intimate deepfakes and election deepfakes are the two areas where states and Congress have actually passed laws. on the X platform, AP reported. The investigation covers AI-generated content including child sexual abuse material and nonconsensual deepfakes. The U.S. DOJ informed French authorities on Friday it would not contribute to the investigation, according to The Wall Street Journal.
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Siemens AG will prioritize artificial intelligence investments in the U.S. and China if the European Union does not adapt its regulations, CEO Roland Busch said, Bloomberg reported. The warning targets the EU AI Act'sEU AI ActThe European Union's comprehensive AI law, in force since August 2024 with obligations phasing in through 2027. It bans some uses outright, imposes duties on high-risk systems, and sets transparency and safety rules for general-purpose models, backed by fines of up to 7 percent of global turnover. requirements, which Busch characterized as deterring European AI investment. Siemens is Europe's largest industrial technology company by revenue.
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Tennessee enacted a new law restricting artificial intelligence from acting as a mental health advisor, Forbes reported. The statute bars developers and deployers from advertising or representing that an AI system can serve as a qualified mental health professional; violations are treated as violations of the Tennessee Consumer Protection Act with a private right of action. Several other states have passed laws restricting AI in mental health contexts.
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Insurers are seeking to exclude AI-related harms from their corporate liability policies, the Financial Times reported. Major U.S. carriers have asked regulators for approval to offer policies that carve out AI agentAI agentAn AI system that carries out multi-step tasks on its own, such as browsing, writing code or making purchases, rather than answering a single prompt. Agents raise new questions about liability, security and oversight because they act rather than just advise. and chatbot liabilities from directors-and-officers, errors-and-omissions, and cyber coverage lines. The exclusions leave companies deploying AI systems without coverage for AI-specific risks.
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