Applications for Supercharged Sandbox open to firms in early AI testing

Firms will be able to receive indicators of the feasibility of products and services using artificial intelligence - "early-stage" Proof of Concepts - from October, using a pathway negotiated between the FCA and the California-based AI company Nvidia.

By Neasa MacErlean

The move is the latest innovation from the Financial Conduct Authority's AI Lab, which has already begun accepting applications. Called the Supercharged Sandbox, the facility will run through Nvidia's Accelerated Computing and AI Platform, including its AI Enterprise Software Suite. Through this collaboration, the regulator will be able to offer "access to greater computing capabilities, enhanced datasets, and more advanced tooling" than if it operated alone.