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

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 Expands Voluntary Buyout Programme to Five Countries Amid Heavy Spending on Artificial Intelligence

Amid the numerous tech layoffs happening across the globe, comes news about Google that has reportedly extended its voluntary exit programme to more countries this year. While there are no confirmed details about how many employees have voluntarily signed up for it, it has now been reported that Google had expanded its voluntary buyout offers in June. The news comes shortly after software giant Microsoft offered voluntary exit buyouts to about 60,000 employees primarily in the US, UK, India and Canada. More recently, Canva trimmed down 22 percent of its workforce, which affects 1,271 employees across several countries.

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

Dernières actualités IA

Google Expands Voluntary Buyout Programme to Five Countries Amid Heavy Spending on Artificial Intelligence

OpenAI Introduces Images 2.6 With GIF Support and Faster API Models

Apple Reportedly Lowers AI Spending Limits for Engineers Amid Cost-Cutting Push

OpenAI Introduces GPT-6 Cyber With Improved Vulnerability Detection and Exploit Development

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