Major Banks Warn of Risks From AI E-Commerce Agents and Propose Safeguards - DTH

[music] These are the daily take headlines for Tuesday, September 22nd, 2026. [music] I'm Rob Dunwood. A global coalition of major banks, including Nat West and Bank of America, warned that the rapid rise of AI agents in e-commerce poses heightened risk for scams, fraud, and data privacy breaches due to lack of industry standards and consumer protections. While consumers are eager to use AI for shopping, concerns remain over potential financial losses and unclear recourse when issues arise. In response, the banks are proposing key safeguards for policy makers such as mandatory disclosure of AI involvement in transactions, increased transparency in decision-making, robust data protections, and a cross system interoperability. Ireland's data protection commission fined Google 43 million euros for violating EU GDPR rules regarding how it collected, retained, and processed location data between 2018 and 2020 through features like web and app activity, location history, and location accuracy. While Google noted that it has updated its location tools and policies since 2019, the penalty marks the fourth largest GDPR fine issued by the DPC, adding to a history of major EU regulatory actions against the company, including multi-billion dollar antitrust fines and ongoing investigations into its practices. Anthropic CEO Dario Ammedday attending remotely and OpenAI CEO Sam Alman will brief the UN security council on AI safety, international cooperation and regulatory standards alongside experts Yushio Benjio and Clamat Delane initiated by France during the UN General Assembly. The session follows warnings from Amade advocating for standard AI evaluations and approach supported by Altman and Elon Musk but criticized by China as disruptive fear-mongering. Adobe has officially launched its redesigned free Adobe Premiere video editing app on Android as a successor to Premiier Rush. Optimized for a wide range of devices including foldables and lower power phones, the app features creator templates, mini and full multi-ac editors and Firefly power AI tools like enhanced audio and generative field. All accessible without requiring a subscription or login. X has expanded its under the hood transparency tool to inform users when their posts or accounts are shadowbanned, downranked, or withheld due to compliance with local government legal demands. Users who post regularly can download a JSON file detailing specific moderation actions, including which countries requested content restrictions, offering greater visibility into government-driven content filtering than traditional aggregate transparency reports. Apple has clarified that his new texture and grain controls for photographic styles in iOS 27 are exclusive to iPhone 18 Pro models and the iPhone Duo, updating earlier press release wording that suggested broader compatibility across older devices. Cyros Power has partnered with engineering firm Samsung CNT in a deal worth up to $100 million to help construct its first 50 megawatt commercial demonstration reactor Hermes 2 in Oakidge, Tennessee, aiming for operation by 2030 to support Google's expanding AI power demands. Microsoft is laying off 260 Xbox employees as part of a larger ongoing restructuring of its gaming business that aims to impact 3200 roles by June 2027. The cuts affect teams across Halo Studios, firstparty studios, and management. While Microsoft also navigates selling off or closing several studios, including proceeding toward the proposed closure of Ninja Theory after potential acquisition deals fell through. Texas Governor Greb Abbott ordered the state's environmental regulator to halt data center permits pending an audit by the electricity reliability council of Texas, expanding an earlier grid approval moratorum that puts nearly 50 gawatts of proposed capacity at risk. Amid growing public backlash, political pressures in the 2026 midterm election, and financial risk for AI developers, Abbott has reversed course on prior industry incentives, and pledged to work with the legislature to eliminate financial perks for data centers. And finally, Apple has opened Apple Music Hall, a state-of-the-art 600 seat capacity venue at BatterC Power Station headquarters in London. Designed for both intimate live performances and global broadcasting, the space features heritage brick work, 48 spatial audio speakers, 16 camera mounts, and dedicated mixing studios. According to Apple's VP of Apple Music, Oliver Shusher, the plug-and-play facility aims to provide artists, including smaller acts, with an all-in-one setup to perform, record high quality audio and video, and reach fans worldwide. For more analysis of the tech news of the day, subscribe to daily technewshow.com. And if you enjoy the show, remember to tell a friend to check us out. [music] Thanks for listening. We'll talk to you next time.