Economy
Japan's IwaiCosmo Brokerage Retracts Claim Blaming AI for Unauthorized Trades
IwaiCosmo, a Japanese securities brokerage, has retracted an earlier statement blaming artificial intelligence for unauthorized trading, per a news flash dated October 17. The firm had previously assigned responsibility to AI before revising its position. Authorities and the company have not yet disclosed the official cause or details of how the case is being handled.