Archive: September 2024

On 25 September 2024, the Bank of England (BoE) announced that it is establishing an artificial intelligence (AI) consortium, which will act as a platform for public-private engagement to gather input from stakeholders on the capabilities, development and use of AI in UK financial services.

In 2024, many organisations have been eager to look at how they can use the data they hold to debut or build on their artificial intelligence (AI) programme. Many are looking to use that data to train AI models, or fine-tune third-party models. That data will almost certainly include personal data, meaning that the processing must comply with the General Data Protection Regulation (GDPR) in the EU or UK.