HSBC partners with Mistral AI as banking giants spend billions looking for LLM boost

Global bank HSBC and Mistral AI have announced a deal they say will spread the use of generative AI across the financial institution, saving employees time and improving processes. In a statement announcing the multi-year deal - the financial details of which were not disclosed - the pair said that the bank would get access to …

[Paul Herber]

Lanky manky yank, Hank, sank dank rank bank tank.

[Anonymous Coward]

they drankank theank Koolank-Aidank! ;)ank

[DarkwavePunk]

Crazy

I worked in online stockbroking, hedge funds, and corporate insurance in the past. This sounds like a horror show to an old systems architect like me. These industries require some crazy levels of system validation. Now they somehow think this will work and improve revenue? Balls.

[Doctor Syntax]

consolidate "various data streams into a single, bank-wide data platform"

They write "bank-wide data platform", I read "point of failure".

[Aladdin Sane]

How

Simple

Becomes

Complicated

[Wiretrip]

When will this stop ffs?! Hopefully Q2 next year, fingers crossed!

[ecofeco]

HSBC?

The absolutely worst criminal bank on the planet? Is going to start using AI? And force others to use?

Yeah, this will end well. ------------------------------->>>>>

We are so damned boned.