FCA teams in the UK with NVIDIA to allow banks to experience artificial intelligence

London-Britain’s Financial Services Control Authority announced on Monday a new association with the American chip maker Nafidia To allow banks safely to experience artificial intelligence.

The Financial Conduct Authority said that it will launch a high -charging sand fund “gives companies access to better data, technical experience and organizational support to accelerate innovation.”

Starting in October, the UK’s financial services institutions will be allowed to experience AI using accelerating computing products from NVIDIA and AI Enterprise programs, according to the Supervisory Authority in a press release.

FCA pointed out that the initiative is designed for companies in the “discovery and experience” phase with artificial intelligence, adding that a separate live test service for companies is more in developing artificial intelligence.

“This cooperation will help those who want to test the ideas of artificial intelligence but lack the capabilities to do so,” FCA, Jessica Rousseau’s chief intelligence and information staff at FCA. “We will help companies harness artificial intelligence to benefit from our markets and consumers, while supporting economic growth.”

The FCA’s new sand box addresses a major problem for banks, which has faced the challenges of charging new AI tools advanced to its customers amid concerns about the risks about privacy and fraud.

Great language models such as Openai and Google send data to external facilities – and privacy organizers Stimulate On how to store and process this information. Meanwhile, there were several cases The malicious actors that use artificial intelligence to deceive people.

Nvidia stands behind graphics processing units, or graphics processing units, and are used to train and operate strong AI models. The CEO of the company, Jensen Huang, will conduct a major conversation at a technical conference in London on Monday morning.

Last year, Edward Acen, run by Amnesty International at HSBC, told a technology conference in London, “Many of the Technology Conference. Success Theater“In financing when it comes to artificial intelligence – which suggests that some financial services companies are promoting progress in artificial intelligence without concrete products to show them.

He added that although banks like HSBC have used artificial intelligence for many years, new AI tools such as Chatgpt from Openai come with their unique compliance risks.