@ai.updates.daily: HSBC Group Chief Executive Georges Elhedery has unveiled plans for a new AI institute in Hong Kong, set to open in the first quarter of 2027 with the Hong Kong University of Science and Technology as anchor partner, focused on AI safety and fighting agentic fraud. The institute shows major banks are now building dedicated AI research centres to keep pace with fast-moving AI-powered financial crime. Disclaimer: Image is AI generated and is just for reference.

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Tuesday 03 November 2026 15:31:37 GMT