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

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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...

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