From CNBC: 2025-06-09 03:03:00

Britain’s financial services watchdog partners with Nvidia to launch a Supercharged Sandbox for banks to safely experiment with AI. The initiative, starting in October, allows firms access to Nvidia’s AI products. The FCA aims to support economic growth and address challenges banks face in adopting advanced AI tools.

Privacy concerns over data storage and processing of AI models have raised alarms. Nvidia, known for GPUs powering AI models, collaborates with banks to navigate compliance risks around new generative AI tools. The FCA’s sandbox aims to help firms harness AI for market benefits while ensuring consumer protection.

HSBC’s generative AI lead highlights “success theater” in finance regarding AI adoption. While banks have long used AI, compliance risks associated with new tools like ChatGPT pose challenges. Nvidia’s CEO, Jensen Huang, is set to discuss AI innovation at a London tech conference.

Read more: UK’s FCA teams up with Nvidia to let banks experiment with AI