The Bank of Russia will evaluate the possibility of expanding access to data for AI training
The Bank of Russia plans to consider the possibility of implementing measures aimed at increasing the access of developers and consumers to the data necessary for training artificial intelligence (AI) models, according to the regulator's report "National Digital Infrastructure of the Financial Market."
The regulator calls the provision of convenient and secure data exchange mechanisms between the government, business and citizens for the use of AI in the financial market one of the promising areas for the development of the national digital infrastructure.
"Given that decisions are increasingly being made based on both data and AI models, the quality of the data itself is becoming a key factor in the development of AI models in the financial market, as well as affecting the level of trust in this technology," the report says.
In addition to improving data quality, the Central Bank notes the importance of developing a comprehensive data architecture in the financial market with the participation of the regulator.
In July, the Bank of Russia developed and sent to financial institutions a code of ethics in the field of AI development and application. In it, the Central Bank recommended that organizations regularly check the quality of AI, pay attention to the confidentiality of personal data, and organize AI risk management.
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