Regulatory Alerts2024-09-20
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Arrangement for Generative Artificial Intelligence Sandbox
The Hong Kong Monetary Authority issued this circular on September 20, 2024, to establish the operational framework for the Generative Artificial Intelligence Sandbox. This arrangement allows authorized institutions to test generative AI applications in a controlled environment to assess risks and benefits before full-scale deployment. The initiative supports the sector's digital transformation by providing a structured pathway for innovation while ensuring appropriate risk management standards are met.
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