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AI NewsWhat RBI's AI Model Risk Draft Means for Banks, Fintechs and AI Vendors

What RBI's AI Model Risk Draft Means for Banks, Fintechs and AI Vendors

5:49 PM IST · July 1, 2026

What RBI's AI Model Risk Draft Means for Banks, Fintechs and AI Vendors

The draft framework on AI model risk management brings credit models, GenAI tools, and spreadsheets under a single governance regime.

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Google Pay Introduces Discover Shop With AI Virtual Try-On, Visual Search in India

Google Pay Introduces Discover Shop With AI Virtual Try-On, Visual Search in India

Google Pay is testing a new fashion and lifestyle shopping feature in India, bringing personalised recommendations, virtual try-on and visual search to its payments app. The pilot lets users browse clothing and fashion trends, see how select items look on them and find similar products using images. Google is currently testing the experience with a limited number of users and has not announced when it will reach a wider audience.

55 minutes ago

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AI Detection Tools Are Influencing Writing Styles as Writers Fear Being Falsely Accused of Plagiarism: Report

AI Detection Tools Are Influencing Writing Styles as Writers Fear Being Falsely Accused of Plagiarism: Report

AI tools have transformed many lives, for better or worse. The water-thirsty and energy-hungry data centres are allegedly drying up groundwater and other freshwater reserves, while also consuming copious amounts of electricity to stay powered on. Recently, OpenAI's CEO also sparked a controversy by saying that RAM sticks belong to the AI data centres, calling those powering personal devices a “waste”. This particular aspect has created a shortage of DRAM and NAND chips in the market, pushing up the prices of most consumer electronics. Now, AI is also seemingly changing the way users write. According to a report, writers are changing their writing styles, fearing false plagiarism accusations.

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ChatGPT Health Could Soon Get Google Health Integration on Android: Report

ChatGPT Health Could Soon Get Google Health Integration on Android: Report

OpenAI could be working on a Google Health integration for ChatGPT on Android, which may allow users to connect their health and fitness data to the AI chatbot. The feature could help it analyse information collected through smartwatches and fitness trackers, offering insights based on users' health records. It may also be able to access historical health data and identify patterns over time. The integration has not been officially announced and is not currently available.

55 minutes ago

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Google Pay Introduces Discover Shop With AI Virtual Try-On, Visual Search in India

Google Pay Introduces Discover Shop With AI Virtual Try-On, Visual Search in India

Google Pay is testing a new fashion and lifestyle shopping feature in India, bringing personalised recommendations, virtual try-on and visual search to its payments app. The pilot lets users browse clothing and fashion trends, see how select items look on them and find similar products using images. Google is currently testing the experience with a limited number of users and has not announced when it will reach a wider audience.

55 minutes ago

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What RBI's AI Model Risk Draft Means for Banks, Fintechs and AI Vendors