Urgent need for UK's own AI infrastructure as Mythos access curbs prompt call from government advisor

RegulationIndustry
โดย Reuters·Read original
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The UK must urgently develop its domestic AI infrastructure and talent to secure independence in the field, Harriet Rees, the Treasury's AI advisor for the financial industry, stressed in an interview with Reuters. Her warning comes as British banks face severe restrictions on access to Claude Mythos, the advanced AI model developed by US-based Anthropic. Rees said, 'It is time to think strategically about the measures needed to maintain the UK's competitiveness. We do not have the luxury of time and cannot wait two years.' Mythos is regarded as an AI model with superior ability to identify cybersecurity vulnerabilities, and the banking industry has shown growing interest in its potential to rapidly detect and fix system weaknesses and strengthen defences. However, only a very small number of banks in the UK have been authorised to use it, reportedly limited mainly to local subsidiaries of US banks. Against this backdrop, Bank of England Governor Bailey on the 14th reiterated the need for international coordination in addressing risks associated with cutting-edge AI models. Meanwhile, Rees and Rohit Dhawan, who has also been appointed by the Treasury to focus on AI, have compiled policy recommendations to expand AI adoption in the financial sector. As AI chatbots become more widespread in consumer financial advice, they are calling on regulators to assess the current situation and review the regulatory framework.

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