National Financial Regulatory Administration: Encourage qualified large financial institutions to provide computing power services to small and medium-sized financial institutions

Odaily Planet Daily News The National Financial Regulatory Administration of China released guidance on the safe development and application of artificial intelligence in the banking and insurance industries. It proposes strengthening the construction of intelligent computing infrastructure. Financial institutions should fully leverage existing computing power resources, follow relevant national policy requirements, deploy intelligent computing resource construction on-demand, apply green and low-carbon technologies, and build a self-controllable, secure, and efficient computing power foundation, contributing to high-level technological self-reliance and self-improvement.

Encourage qualified large financial institutions to provide computing power services to small and medium-sized financial institutions, and support peer-to-peer exploration of shared infrastructure construction. Support financial institutions, under the premise of security and compliance, in using national computing power nodes or industry infrastructure to reduce the costs of AI research and development and application, and strengthen the management of critical information technology outsourcing for intelligent computing resources. (Jin Shi)