Data sharing as a policy intervention
The recent and spectacular advances made in generative artificial intelligence (AI) have been possible because of shared data. Chat GPT and other large language models were trained on gigabytes of text available freely from the internet. The strong link between advances in AI and ample IA (information availability) is reflected in the UK government’s National AI Strategy, which highlights data-sharing as a critical catalyst.
Central banks and financial regulators can play constructive roles
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