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Finance

AI boosts confidence even in wrong answers, warning on \'cognitive surrender\' spreads in banks

A study found that using AI chatbots can increase confidence in answers, while actual judgment accuracy depends heavily on the quality of information provided. The research, presented at an annual governance and culture reform conference of the New York Fed, drew attention in finance as a new risk to organizational culture and internal controls as AI spreads. Experiments showed participants often followed AI answers regardless of their validity and that response style could shift investment choices.

Mobility

Tesla Cybercab appears involved in Philadelphia incident, door panel separates

A Tesla Cybercab robotaxi appears to have been involved in an incident in Philadelphia, with a photo showing the entire left door outer panel detached. A Reddit user who posted the image said it looked like a low-speed collision, though they did not witness the moment of impact. The glass was not broken and no clear deformation was visible inside the door, but damage appeared on the rocker trim and rear quarter panel.

AI & Enterprise

[Tech Insight] In the AI era, what you know is no longer power

Organisational psychologist and bestselling author Adam Grant says AI is shaking the old formula that rewarded knowing more than others and building deep expertise. In an interview with the Wall Street Journal ahead of his book \"Vibe,\" he said careers now depend on agility because today’s specialisation can become useless tomorrow. Grant said differentiation will come from spotting patterns, linking scattered information and judging what to trust. He urged weekly small experiments and suggested ways to persuade change-resistant bosses.