HSBC to open Hong Kong AI Institute following Singapore launch

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• Casap, whose AI tools automate dispute and anti-fraud operations for banks, raised a $56M Series B led by Base10 Partners, bringing its total funding to $90M (Jeff John Roberts/Fortune)

  The enterprise fintech company provides artificial intelligence solutions built to streamline complex fraud prevention workflows for traditional and modern banking institutions. This capital infusion arrives as financial institutions grapple with major shifts in credit card fraud tactics and emerging financial scams. The platform addresses these challenges by directly automating dispute processing and operational security defenses.

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• Oaktree’s Howard Marks Says AI Stumbles Boosted Skepticism

  Major investment leaders are urging caution as heavy artificial intelligence expenditures begin to strain the balance sheets of tech giants. Market participants are increasingly scrutinizing whether cooling core operations can sustain trillions of dollars in planned capital outlays. Furthermore, hidden leverage and slow real-world enterprise adoption threaten to compound financial fragility across interconnected industry players.

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• South Korea’s president vows to make bold AI investment in record budget push

  As global technological competition intensifies, Seoul is leveraging surging semiconductor export earnings to accelerate long-term industrial and economic transformation. The administration seeks parliamentary backing for an unprecedented fiscal expansion aimed at securing leadership in next-generation computing infrastructure. Beyond technological dominance, policymakers are using surplus tax revenues to rectify growing regional and corporate wealth imbalances.

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