The Bank of England is establishing an Artificial Intelligence Consortium. Its purpose is to provide a platform for public-private engagement to gather input from stakeholders on the capabilities, development, deployment and use of AI in UK financial services. Its specific aims are:
- to identify how AI is or could be used in financial services, for example, by considering new capabilities, deployments and use cases as well as technical developments where relevant
- to discuss the benefits, risks and challenges arising from the use of AI. Such benefits, risks and challenges may be with respect to financial services firms or with respect to the wider financial system
- to inform the Bank of England’s approach to addressing risks and challenges, and promoting the safe adoption of AI.
Applications for the AI Consortium are open. Further details can be found on the Consortium’s call for interest.
Submit your applicationOpens in a new window
The deadline is Friday 8 November 2024.
If you would like to get in touch, you can reach us at: AIConsortium@bankofengland.co.uk.
Source: Bank of England
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