China Financial Regulator Encourages Large Institutions to Share AI Computing Power With Smaller Peers

China's National Financial Supervision Administration released guidelines on artificial intelligence security and development for the banking and insurance sectors on June 18. The agency encouraged large financial institutions to provide computing power services to smaller peers and supported industry-wide exploration of shared infrastructure. The guidelines also recommended that financial institutions use national computing nodes or industry infrastructure to reduce AI research and development costs, while building autonomous and controllable computing capacity based on green and low-carbon technologies.
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