Regulatory Alerts2024-09-20
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Arrangement for Generative Artificial Intelligence Sandbox
The Hong Kong Monetary Authority invites Authorized Institutions to apply for its Generative Artificial Intelligence Sandbox initiative, launched in collaboration with Cyberport. This program provides a risk-controlled environment for participants to develop and pilot AI solutions in real-world banking scenarios while leveraging Cyberport's computing resources and receiving targeted supervisory feedback. Applications for the first cohort are open until 15 November, with selected projects required to commence in December and complete within six months.
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