FCA prepares for world-first live AI testing facility

The Authority is due to launch a live artificial intelligence testing facility in September to assist firms with advanced consumer-facing uses of the technology.

By Neasa MacErlean

The service - thought to be the first globally by a regulator- is to "run for 12 to 18 months" but, if it is successful, firms are likely to encourage the regulator to continue with it, and the FCA accepts that it might make it permanent. Submissions in response to an engagement paper on the service are sought by 10 June.