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

  • UK's financial regulator allows banks to use Nvidia's AI products for innovation in a 'supercharged sandbox' scheme.
  • Firms can experiment with AI under FCA's supervision for purposes like preventing fraud and identifying stock market manipulation.
  • FCA aims to boost economic growth by supporting AI experimentation and innovation in the financial sector.
  • Nvidia's AI technology is seen as a way to enhance efficiency, data analysis, and decision-making in the financial industry, supported by the FCA's sandbox program.

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