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Barclays backs UK AI Innovation with investment in CommonAI, launching the High Assurance AI programme
- Barclays has announced their investment into CommonAI, showing their commitment to supporting innovation and advancing AI capabilities in the UK.
“By supporting CommonAI, we are helping to build a more open and collaborative ecosystem that can accelerate the development and adoption of AI across the UK, allowing businesses of all sizes, including Barclays, to access the capabilities and expertise to innovate and compete globally.”
- Kristen Bennie, Group Head of Innovation and Partnerships at Barclays
- To coincide with the investment, CommonAI has launched a programme focused on High Assurance AI, developing AI systems for highly regulated and essential environments such as financial services.
- Barclays will join this programme as a member, bringing expertise from one of the world's most highly regulated industries to help ensure the solutions developed through the programme address genuine operational and regulatory needs.
“For AI to drive growth, businesses need to trust the systems they are using, especially in high-stakes sectors like financial services.
- Kanishka Narayan, AI Minister
CommonAI is building trusted, home-grown AI infrastructure that gives UK startups and businesses of every size the tools to develop and deploy AI with confidence, helping unlock AI-powered growth that we all stand to benefit from.”
To find out more, read here.