John Davies

CTO at Incept5

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Bio CTO and co-founder Career History Well over 30 years in investment banking, FX, derivatives and payments. Former chief architect at several banks and VISA. I love technology and mathematics so always have an eye on innovative solutions while implementing the pragmatic ones.

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AI should be trained to respect a regulatory 'constitution' says BofE policy maker

It's a lovely idea but simply not feasible or even technically possible. It's like putting in back-doors for encryption, it's just not mathematically possible without fundamentally breaking cryptography. Firstly the LLMs or GPTs being referenced are global, so who's regulations to you build into the model? Secondly LLMs don't follow rules like that, they can be tuned towards a direction but like people they find loopholes and unless the rule is rock solid and unambiguous, which they rarely are, they simply won't work on LLMs. Censored LLMs, which is effectively what this is suggesting work badly, you're training it and then un-training it. We saw what happened with some of the recently censored models proposing black German soldiers in 1943, Native Indian founding fathers of the USA, all in the admirable effort of inclusion but failing. What is needed is better management of LLMs, UK and EU should be using privately hosted LLMs and then frameworks around those to assert compliance and adherence to regulatory practices. This is a hybrid of LLMs, RAG and traditional integration. It can be done but not in the way suggested here.

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John Davies

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AI should be trained to respect a regulatory 'constitution' says BofE policy maker

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