The Financial Conduct Authority (FCA) is asking firms how its live artificial intelligence (AI) testing service can help them to utilise safe and responsible AI, as well as how it can aid UK consumers and markets.
A new component of the FCA's AI Lab, which has previously supported firms with their AI development, is aiming to help bridge a testing gap which has delayed firms' adoption of AI, according to the watchdog. Furthermore, the live testing service would support firms when collaborating with the FCA while their AI tools are checked. This, in turn, provides the FCA with intelligence to improve its understanding of AI and its impact on UK financial markets. FCA chief data, intelligence and information officer Jessica Rusu said: "Under our new strategy, we have committed to being increasing...
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