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Global Market: UK regulator urged to consider rules for AI chatbots in financial advice
A UK regulatory review has recommended that the Financial Conduct Authority consider bringing AI models such as ChatGPT, Claude and Gemini within its regulatory framework as their influence on consumer financial decisions grows. The report also warned of systemic risks from increasing reliance on a handful of AI and cloud providers.
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cryptobriefing.com
UK Financial Conduct Authority warns of regulatory challenges in AI arms race
FCA CEO Nikhil Rathi warns over 80% of UK financial firms use AI as regulators struggle to keep pace, with implications for crypto and digital asset
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thenextweb.com
A senior FCA official says Britain should weigh regulating AI models directly
The FCA’s Sheldon Mills says the UK should review whether general-purpose models like ChatGPT, Claude and Gemini need regulating as they shape money decisions.
