UK regulator warns of "arms race" to keep up with AI use in financial services

The UK's Financial Conduct Authority warns that the rapid adoption of artificial intelligence in financial services is sparking an “arms race” among firms. The regulator is urging expanded powers to oversee and regulate AI-driven tools used by millions for personal finance decisions.

Summary written by Kernelia from the original article by Ars Technica — AI. The story and its rights belong to its author.