UK Banks to Gain Access to Powerful AI Tool Amid Warnings of Potential Risks A highly advanced artificial intelligence model, deemed too sensitive for public release, is set to become available to British banks in the coming days. Developed by Anthropic, the new Claude model has been restricted to a select group of US companies, including tech giants Amazon, Apple, and Microsoft, since its release. Now, the tool, which is capable of complex tasks and decision-making, will be made available to UK financial institutions. However, senior finance figures have expressed concerns over the potential impact of the AI model, highlighting the need for careful management and oversight to mitigate any risks associated with its use. As the UK's financial sector prepares to integrate the powerful tool, questions remain about the extent to which it will be used and the measures in place to prevent any potential misuses.
Release of new Claude model, so far limited to US firms, will expand to British institutions in coming daysBritish banks will be given access in the next week to a powerful AI tool that was deemed too dangerous to be released to the public, as a series of senior finance figures warned over its impact.Anthropic, which has so far limited the release of the new model to a small clutch of primarily US businesses, including Amazon, Apple and Microsoft, said it would expand that to UK financial institutions in the coming days. Continue reading...
