
Australian Banks Warned of AI Cyber Attack Risk
Australian banks have received a warning that frontier artificial intelligence could enable larger and faster cyber attacks. This highlights an escalating threat landscape for the financial sector.
29 stories found

Australian banks have received a warning that frontier artificial intelligence could enable larger and faster cyber attacks. This highlights an escalating threat landscape for the financial sector.
HubSpot (HUBS) is experiencing growing pressure from the emergence and advancement of frontier artificial intelligence models, which are impacting its competitive landscape and business operations.

A lawsuit alleges that a Frontier Airlines passenger, who was reportedly over-served alcohol, groped a teenage cheerleader during a two-hour flight.
Microsoft AI CEO Mustafa Suleyman addressed his recent role change, stating that his move away from Microsoft Copilot was a planned transition, not a demotion. He emphasized his focus on building frontier AI models.
The CEO of Palo Alto Networks stated that it is crucial to "fight AI with AI" as the capabilities of frontier AI models continue to expand.
A passenger filmed her removal from a Frontier Airlines flight, claiming she did nothing wrong, while conflicting stories emerged about the incident.

A US woman accuses Frontier Airlines of removing her from a flight because she couldn't understand a flight attendant, alleging discrimination.
Austin airport experienced a rise in passenger traffic, with JetBlue and Frontier airlines reporting significant gains.

A Frontier Airlines passenger's profanity-filled meltdown went viral on TikTok, with over 2 million views as she screamed at crew members during a flight headed for Denver.
PwC, like many consulting firms, is investing heavily in engineering talent. Artur Widak/NurPhoto via Getty Images PwC's engineers have created a new AI agent to tackle enterprise-grade spreadsheets. Spreadsheets are unsexy, but crucial to corporate operations, PwC exec Matt Wood told Business Insider. Traditional AIs "just kind of shrug and give up" when they meet a big spreadsheet, Wood said. The real way to judge a company's AI expertise isn't in the flashy headlines, but by looking at the "unsexy" work rolling out behind the scenes, Matt Wood, PwC's global and US commercial technology and innovation officer, told Business Insider. If Wood's theory holds — that real AI prowess shows up in unglamorous advances — PwC's latest launch is certainly notable. After all, what could be less sexy than spreadsheets? The Big Four firm announced this week that it has developed a "frontier AI agent" capable of reasoning over vast, enterprise-grade spreadsheets — something that conventional AI systems struggle with because of their complexity, size, and interdependencies. The agent can understand and navigate spreadsheets, mimicking "how experienced practitioners work: scanning, searching, jumping across tabs, integrating charts and receipts, and reasoning," PwC said in a press release. Why spreadsheets matter Wood, who joined PwC in 2024 from a role as vice president of AI at Amazon Web Services, said that when he started, he'd noticed the wraparound, ultra-wide monitors filled with spreadsheets: "That's all anybody was working on," he said. But these were not "your school soccer team budget spreadsheet," said Wood. The spreadsheets that power large enterprises are enormously complex, often containing millions of cells, charts, graphs, images, receipts, and dozens of interlinked workbooks. "They are more like financial engines than they are spreadsheets," he told Business Insider. These files often underpin business-critical decisions, yet PwC "found that even today's modern AI was very poorly suited to managing these big enterprise spreadsheets," Wood said. "They just kind of shrug and give up for want of a better word." Matt Wood, PwC's global and US commercial technology and innovation officer. PwC Creating an AI capable of understanding and reasoning across large, complicated spreadsheet applications is what PwC's engineers set out to solve. Their solution was a "genuine advance in the field," Wood said. The agent has unlocked use cases across assurance, advisory, and tax, and boosts time saving on some tasks "from literally days to hours," said Wood. He gave the example of audit walkthroughs, where teams previously spent weeks manually gathering and validating evidence across numerous complex spreadsheets that existing AI tools couldn't handle. Now, users simply upload the files, and the frontier agent automatically maps their structure, extracts relevant data, and performs validation and consistency checks — tasks that would otherwise require combing through millions of rows by hand. The result is faster meetings, less back-and-forth with clients, and cleaner, structured data ready for deeper AI-driven analysis, he said. Consulting powered by engineers PwC's AI spreadsheet agent was built in-house by engineers — a function the firm has been rapidly expanding as it shifts beyond the traditional roles associated with the Big Four. In January, PwC launched a dedicated tech engineering career track to attract more technical talent, saying it wants to become "a destination for top engineering talent." Previously, the firm offered only consulting and accounting career paths. Wood told Business Insider that adding the engineering track is "a signpost" of its future plans. At the same time, PwC is retraining non-technical employees. The US branch of the firm recently announced a companywide workplace learning strategy focused on knowledge sharing and on developing a mix of human and AI skills needed for the future. Wood described the work engineers do at PwC as having two modes: "transforming today" and "building for tomorrow." The first focuses on improving current workflows — reducing back-and-forth with clients, increasing trust, and delivering work more efficiently. The second reimagines professional services from scratch: "If you were to start from a blank piece of paper, what would professional services look like in an AI agent world?" said Wood. PwC engineers also work directly on client engagements, building AI systems tailored to specific projects. For example, they help organizations reorganize and redesign their finance functions from the ground up using agents, Wood said. Many of the consulting industry's top players are pursuing similar investments in technical talent as AI reshapes the work they do. Accenture, already one of consulting's most technically sophisticated players, has added nearly 40,000 AI and data professionals in the last two years. They now account for roughly 10% of its global headcount. EY, another Big Four firm, has added 61,000 technologists since 2023, according to its latest annual report. Have a tip? Contact this reporter via email at pthompson@businessinsider.com or Signal at Polly_Thompson.89. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely. Read the original article on Business Insider
The Association of Banks in Singapore is actively monitoring potential threats posed by advanced frontier AI models to the financial sector.
A recent study has ranked US airlines across categories including safety, with Frontier Airlines identified as the safest US airline for 2026.
Some top-level employees are ditching their posts at large companies to join frontier AI labs like Anthropic for a "member of technical staff" position, a blurrier title that can bring greater…
Google's latest artificial intelligence model, Gemma 4, demonstrates the capability to run advanced frontier AI tasks efficiently on a single graphics processing unit (GPU).

A Frontier Airlines flight at Atlanta's airport was evacuated after a passenger's alleged bomb threat, which was later deemed non-credible. Details of the incident have emerged from the pilot's chilling ATC call.
Dozens of protestors gathered outside AI company offices in San Francisco, urging CEOs to publicly commit to pausing frontier AI development if other leading companies do the same.

A deaf woman claims she was removed from a Frontier Airlines flight following a dispute over crew instructions, despite her disability being noted on her ticket, while airline staff provided a different account of the incident.

Researchers from Amazon Frontier AI & Robotics and the University of California, Berkeley, have introduced a new framework called perceptive humanoid parkour (PHP) to enable humanoid robots to move and behave more like humans.
Gautam Mukunda argues that frontier AI companies are building unsustainable cost structures at an unprecedented scale, making the AI sector ripe for disruption.
The CEO of Frontier Airlines has publicly refuted claims of impending bankruptcy, calling the rumors 'categorically untrue'.

Growth in frontier AI models has slowed significantly, while smaller and midsized models are rapidly expanding in both capability and adoption, according to market intelligence firm Omdia.
DeepSeek, an artificial intelligence company, is reportedly in discussions to raise $300 million in funding. The capital infusion aims to enhance its competitive position against other leading AI research laboratories.
Frontier (ULCC) has been given a lower stock target, though reports indicate this doesn't fully represent the company's complete financial situation.

A man was arrested after threatening a woman and issuing a bomb threat on a Frontier Airlines flight at Hartsfield-Jackson Atlanta International Airport, raising concerns about air travel safety.

A passenger claims she was deplaned from a Frontier Airlines flight due to her hearing impairment, while the airline has offered a conflicting account of the incident.

A deaf woman alleges she was kicked off a Frontier Airlines flight after the crew mistook her disability for non-compliance. The airline states she violated alcohol policies.
Frontier Airlines announced that its full-year forecast is currently under review, indicating potential adjustments to its financial outlook.

The UK government is investing £40 million in a new state-backed AI research lab, aiming to achieve breakthroughs in science, healthcare, and transport to boost the nation's tech independence.