AI is certainly big news at the moment - some professionals have already called it dangerous for the industry, others say there is no threat - for now. And a call for members for a new consortium means that you could potentially have a say in steering its adoption.
The Bank of England has announced an open call for membership in its newly established Artificial Intelligence Consortium, with applications due by November 8, 2024. The Consortium, chaired by Sarah Breeden, Deputy Governor for Financial Stability, will serve as a forum for public-private collaboration aimed at exploring the impact of artificial intelligence (AI) in the UK financial sector. The group's primary focus will be on identifying AI's current and potential uses, assessing its benefits and risks, and guiding the Bank's policies on AI deployment in financial services.