China's National Financial Regulatory Administration has issued guidelines for the safe development and application of artificial intelligence in the banking and insurance sectors. The guidance emphasizes strengthening supply chain risk management for AI resources, including computing power, models, and data, to ensure independent control and prevent over-reliance on single service providers. It also promotes the development of secure and efficient computing power infrastructure, encouraging larger institutions to share resources with smaller ones and supporting the use of national or industry infrastructure to reduce costs. AI
IMPACT Establishes regulatory framework for AI adoption in China's financial sector, focusing on risk mitigation and infrastructure development.
RANK_REASON Policy document from a major financial regulator concerning AI development and risk management. [lever_c_demoted from significant: ic=1 ai=0.7]
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