Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions.
In a review commissioned by the Financial Conduct Authority and published on Monday, the watchdog’s executive director, Sheldon Mills, also highlighted how companies’ reliance on a handful of technology providers introduces potential system-wide risks.
Regulators globally have begun to focus more keenly …
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