This is a London news story, published by CNBC, that relates primarily to AI news.
For more London news, you can click here:
more London newsFor more banking & finance news, you can click here:
more banking & finance newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like banking & finance news, you might also like this article about
HSBC AI leader. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest financial firms news, other financial services firm news, banking & finance news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
many financial services firmsCNBC
•
75% Informative
"Candidly, there's a lot of success theater out there" when it comes to applying artificial intelligence in banking, HSBC 's head of generative AI said at a tech event in London this week .
Other figures in the financial services sector — particularly leaders at startup firms — have made bold statements about the level of overall efficiency gains and cost reductions they are seeing as a result of investments in AI .
Chief data and analytics officer at Lloyds stressed that the bank is "proceeding with caution" when it comes to exposing customers to generative AI tools.
"We want to get our guardrails in place before we actually start to scale those," he said.
VR Score
84
Informative language
90
Neutral language
41
Article tone
semi-formal
Language
English
Language complexity
57
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links