Group 1 - The Financial Conduct Authority (FCA) in the UK is launching a Supercharged Sandbox to allow financial services firms to experiment with AI safely, in collaboration with Nvidia [2][3] - The initiative targets firms in the "discovery and experiment phase" of AI development, providing access to better data, technical expertise, and regulatory support [1][2] - The FCA aims to help firms harness AI to benefit markets and consumers while supporting economic growth, addressing challenges related to privacy and fraud in AI tool deployment [3][4] Group 2 - Nvidia's technology, particularly its GPUs, will be utilized in the sandbox to facilitate the training and operation of advanced AI models [4] - Concerns have been raised regarding the privacy implications of large language models from companies like OpenAI and Google, particularly regarding data storage and processing [4] - HSBC's generative AI lead highlighted the disparity between AI advancements claimed by financial firms and the actual product innovations, indicating compliance risks associated with new generative AI tools [5]