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AI NewsWhat RBI's AI Model Risk Draft Means for Banks, Fintechs and AI Vendors

What RBI's AI Model Risk Draft Means for Banks, Fintechs and AI Vendors

5:49 PM IST · July 1, 2026

What RBI's AI Model Risk Draft Means for Banks, Fintechs and AI Vendors

The draft framework on AI model risk management brings credit models, GenAI tools, and spreadsheets under a single governance regime.

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Canva Craft Image Generator Now Available Globally With Support for 55 Languages, 30 Aspect Ratios

Canva Craft Image Generator Now Available Globally With Support for 55 Languages, 30 Aspect Ratios

Canva has launched Craft, its first AI image generation model developed by its in-house research team, Canva Research. It is now available to Canva users worldwide and can also be accessed by developers through a public API. Craft can generate images at up to 2K resolution, work with more than 30 aspect ratios and create text in 55 languages. Canva says the model ranked fourth overall on DesignArena, where users compare AI-generated designs, and topped the rankings in two image categories, namely People and Portraits, and Landscapes and Nature.

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OpenAI’s GPT-6 Luna-Powered Decisions API Is Now Generally Available for Developers With Native GPT-Live Integration: Price, Capabilities

OpenAI’s GPT-6 Luna-Powered Decisions API Is Now Generally Available for Developers With Native GPT-Live Integration: Price, Capabilities

OpenAI's Decisions API has been available in public beta for a while. Now, the Sam Altman-led tech giant has announced that its Decisions API is now generally available to users. The specialised model interface allows developers to use the tool to build their AI agents and apps, enabling the software to answer recurring questions and make small decisions. Decisions API can use images, text, and other structured JSON inputs from developers. It is powered by OpenAI's GPT-6 Luna AI Model. The company says that Decisions API now ships with native GPT-Live integration, too. Since its public beta release, the company has also added prompt caching for reused context in select markets.

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Chariot Launches Speech Recognition Model for 10 Indian Languages

Chariot Launches Speech Recognition Model for 10 Indian Languages

Chariot says its new model makes 26% fewer errors than Google Gemini 3.5 Transcribe across 10 Indian languages and 39% fewer errors than OpenAI’s gpt-transcribe on Hindi phone calls.

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LTM Launches BlueVerse Industrial AI Lab in Chennai

LTM Launches BlueVerse Industrial AI Lab in Chennai

The facility will support testing of industrial AI, robotics and digital twins, including solutions for factories with legacy equipment and limited connectivity.

5 hours ago

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