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Finance

Shadow AI spreads across banks' daily work; should control and blocking be the answer

Unofficial, untracked use of AI tools known as shadow AI is spreading across everyday work inside financial institutions, Finextra reported. The issue is less AI itself than organisations not knowing what data staff enter, where and how often. Employees use browser-based tools without procurement or system links, and some bypass restrictions by using personal devices. The activity can evade existing controls and leave little audit trail, raising questions over reliance on policies and blocking.

AI & Enterprise

Oracle, Google Cloud launch AI agent for natural-language queries of Oracle DB

Oracle has strengthened cooperation with Google Cloud and introduced an Oracle AI Database Agent that lets users query databases in natural language without SQL, SiliconANGLE reported on Tuesday. The agent is based on integration between Gemini Enterprise and Oracle AI Database and is offered via Google Cloud Marketplace for customers running Oracle Autonomous AI Database on Google Cloud. Oracle said it processes queries inside the database and supports agent-to-agent communication and integration with Vertex AI apps.

Industry

Synthetic biology promotion act takes effect, launching full-lifecycle support system

South Korea has put into force a law designed to systematically foster synthetic biology, the Ministry of Science and ICT said on April 23. The law sets rules for promoting research and development and for safety management, including five-year basic plans and annual implementation plans. It also allows the designation of R&D hub institutions and the establishment of a public biofoundry, with procedures, fees and emergency provisions. The act also provides a basis for joint use of research data.