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British banks vulnerable after outsourcing AI to US tech giants, Bank of England finds
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British banks vulnerable after outsourcing AI to US tech giants, Bank of England finds
British banks are becoming increasingly reliant on a handful of foreign tech giants to power their AI ambitions, new research from Bank of England and Financial Conduct Authority has revealed, raising concerns over the City’s dependence on overseas infrastructure. The three largest cloud computing providers account for 79 per cent of reported supplier relationships among [...]
27 Oct, 12:28
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