Banks see growing reliance on 'big tech' for AI bringing new risks

By
Follow google news

Owing to compute power demands.

Banks see growing reliance on 'big tech' for AI bringing new risks
The boom in artificial intelligence will increase banks' dependence on big US tech firms, creating new risks for the industry, European banking executives said. Excitement around using artificial intelligence (AI) in financial services - widely used already for detecting fraud and money-launderin...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Add iTnews as your trusted source

Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Oracle plans thousands of job cuts

Oracle plans thousands of job cuts

Woolworths' AI customer problem-solving a question of semantics

Woolworths' AI customer problem-solving a question of semantics

NAPLAN tests disrupted by tech issue on first day

NAPLAN tests disrupted by tech issue on first day

Services Australia describes fraud, debt-related machine learning use cases

Services Australia describes fraud, debt-related machine learning use cases

Log In

  |  Forgot your password?