UK financial firms are hungry for AI – what’s hindering progress?

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Euronews (English)

The UK’s financial leaders are coming under significant pressure to rapidly implement artificial intelligence into their businesses. This is according to a new report, released on Monday by digital consulting and analytics company EXL, based on surveys from 64 senior figures in the UK’s insurance and banking industries. Amongst respondents, 86% said their firms had invested more than £7.9 million (€9.25 million) in artificial intelligence over the past fiscal year, with 35% reporting investment of more than £39 million (€45.7 million). EU risks going too far, too soon on AI regulation, says Ir…

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