I recently had the privilege to speak to Lord Christopher Holmes of Richmond (‘Lord Holmes’), Britain’s most successful paralympic swimmer and the creator of the Artificial Intelligence (Regulation) Bill currently making its way through the houses of parliament, to find out: what’s new in the world of AI regulation? Backpedalling on Pro
16 December 2024 /ai /regulation Artificial Intelligence and Financial Services
In recent years, the world has witnessed the rise of a powerful cartel of tech giants, each vying for control over every industry, including financial services. Their "big is better" approach to artificial intelligence (AI) has led to a proliferation of large language models (LLMs) that guzzle energy and resources, suffocating main stre
15 December 2024 /ai /sustainable Artificial Intelligence and Financial Services
The rapid advancement of artificial intelligence (AI) brings with it tremendous potential benefits, but also potential risks. To ensure AI is developed and used responsibly, the concept of AI guardrails has emerged as a crucial framework. Private Small Language Models (SLMs) would also appear to be very helpful in building AI guardra What are AI
09 December 2024 /ai /security Artificial Intelligence and Financial Services
Artificial intelligence (AI) has been rapidly evolving, with large language models (LLMs) like GPT-X, LLama, and Claude taking center stage. However, a recent survey by the IBM Institute for Business Value has highlighted concerns around accuracy and bias in AI, with nearly half of CEOs (49%) expressing worries about these issues. In fact, the su
02 December 2024 /ai /security Artificial Intelligence and Financial Services
As I am sure many of you are aware, there is a growing discussion around the plateauing of Large Language Models (LLMs), and how alternative approaches like Specialized Language Models (SLMs) could address these limitations. Given the huge amounts of venture capital going into LLMs and chips at the tech cartel and, the internal investments at the
24 November 2024 /ai Artificial Intelligence and Financial Services
In the heart of Edinburgh's Old Town, where centuries-old buildings house modern innovations, a revolution in business intelligence is taking shape. This transformation isn't happening in the grand Castle or along the Royal Mile, but in the databases and data warehouses of businesses across Scotland and beyond. The Modern Data Maze Imagine trying
17 November 2024 /ai Artificial Intelligence and Financial Services
Introduction A recent Apple publication argued that Large Language Models (LLMs) cannot effectively reason. While there is some merit to this claim regarding out-of-the-box performance, this article demonstrates that with proper application, LLMs can indeed solve complex reasoning problems. The Initial Experiment: Einstein's Puzzle We set out to
10 November 2024 /ai Artificial Intelligence
The rise of large language models (LLMs) and other AI systems has created an insatiable demand for data. While these models offer incredible potential, their hunger for data presents a significant challenge for enterprises striving to maintain data privacy. We also need to see data privacy within the whole data is power context to guarantee a long
04 November 2024 /ai /security Artificial Intelligence and Financial Services
Despite the bigger is better AI hype, real techies, not tech bro's for show, are sticking to our instincts, because those LLM hallucinations are not going away are they? The pursuit of perfection is not going to come from a competition stifling Big Bucks Big Tech cartel, but rather a collaboration of real people sharing ideas for good - which mea
28 October 2024 /ai /sustainable Artificial Intelligence and Financial Services
We need to start taking data privacy and data broking seriously because it would cut energy consumption if only companies adopted private SLMs rather than the huge open source LLMs offered by the big tech organizations. This would keep energy bills down for all of us long suffering consumers who are just about to see another big increase in our b
20 October 2024 /ai /sustainable Artificial Intelligence and Financial Services
Louise LingwoodMarketing at Broadridge Financial Solutions Ltd
Jane AdamsMarketing at Currently looking for a job
Janine MichaelsMarketing at Featurespace
Michal RoskaninMarketing at Profinit
Farhan AhmedMarketing at Transfi
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.