UK finance watchdog teams up with Nvidia to let banks experiment with AI

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LONDON — Britain’s financial services watchdog on Monday announced a new tie-up with U.S. chipmaker Nvidia

to let banks safely experiment with artificial intelligence.

The Financial Conduct Authority said it will launch a so-called Supercharged Sandbox that will “give firms access to better data, technical expertise and regulatory support to speed up innovation.”

Starting from October, financial services institutions in the U.K. will be allowed to experiment with AI using Nvidia’s accelerated computing and AI Enterprise Software products, the watchdog said in a press release.