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AI & Enterprise

Silent failures at scale could become AI risks that shake companies

As AI systems take on tasks such as transaction approvals, coding, customer support and data transfers, companies are seeing more cases where systems behave in unexpected ways. Experts say failures can occur quietly, making problems slow to detect, and that complex systems are hard to understand or quickly halt. They add that risks cannot be eliminated and call for stronger operational controls, supervision mechanisms and kill switches able to stop networks, not just apps.

Finance

Woori Financial activates emergency response system immediately amid Middle East risks

Woori Financial Group said it immediately activated an emergency response system across all affiliates after the outbreak of the Middle East situation, citing potential volatility in international financial markets. Chairman Lim Jong-ryong ordered urgent checks focused on market monitoring, staff safety overseas, support for Middle East-related counterparties and cyber security. The group is reviewing emergency contacts and response manuals for staff in the region and plans tailored financial support and additional review meetings.

Crypto

Polymarket faces insider trading controversy after $1 million profit on Iran strike bet

Six traders on prediction-market platform Polymarket made about $1 million by betting the United States would strike Iran by late February, sparking an insider-trading controversy, Cointelegraph reported. Bubblemaps said the traders created new wallets in February and focused activity on strike-timing contracts. More than $529 million was wagered on related contracts. U.S. Representative Ritchie Torres is preparing legislation to curb insider trading in prediction markets.