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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

UK banks to experiment with Nvidia AI in ‘supercharged sandbox’ scheme

Some City firms have suggested AI could help intercept authorised push payment fraud and identify stock market manipulation.
Some City firms have suggested AI could help intercept authorised push payment fraud and identify stock market manipulation. Photograph: Andy Hall/The Observer

The UK’s financial regulator is to allow banks and other City firms to experiment with the US chipmaker Nvidia’s leading AI products to “speed up innovation” and fulfil government orders to boost UK growth.

The Financial Conduct Authority (FCA) said it was launching a “supercharged sandbox” that would give successful applicants the chance to experiment safely with cutting-edge AI under the watchdog’s supervision, allowing them to use Nvidia’s accelerated computing products.

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