National Financial Regulatory Administration: Encourages Qualified Large Financial Institutions to Provide Computing Power Services to Small and Medium-Sized Financial Institutions

OdailyOdaily reports that the National Financial Regulatory Administration has issued guidance on the safe development and application of artificial intelligence in the banking and insurance industries. It proposes strengthening the construction of intelligent computing power infrastructure. Financial institutions should fully leverage their existing computing power resources, deploy intelligent computing power resources as needed in accordance with relevant national policies, adopt green and low-carbon technologies, and build an independent, controllable, safe, and efficient computing power foundation to support high-level technological self-reliance and self-strengthening.

Qualified large financial institutions are encouraged to provide computing power services to small and medium-sized financial institutions, and peers are supported in exploring the shared construction of infrastructure. Financial institutions are supported, under the premise of safety and compliance, in using national computing power nodes or industry infrastructure to reduce the costs of AI research, development, and application, and to strengthen the management of important information technology outsourcing for intelligent computing power resources. (Jin Shi)