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.
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.
<iframe src="https://hindustansphere.com/embed/cluster/04e06a9c320d737106b4e52b787a84ac2bf34809" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="Global Market: UK regulator urged to consider rules for AI chatbots in financial advice"></iframe>
