The Financial Conduct Authority (FCA) has launched a pioneering “AI Live Testing” initiative — the first of its kind in the UK financial sector — giving select major firms a controlled environment to trial and refine responsible AI tools for real-world deployment.   The goal: help firms navigate evaluation frameworks, ongoing monitoring, governance and risk management — enabling use cases such as debt-resolution, financial advice, customer engagement, complaints handling and

AI Growth, Human Cuts: What Big Tech’s Job Losses Signal for Financial Services   Big tech is doubling down on AI—but not necessarily on people. IBM, despite beating expectations on revenue and profit, announced cuts to its global workforce as it pivots toward high-margin software and AI-driven growth.   Similarly, Salesforce and Meta Platforms (formerly Facebook) have cut hundreds of UK jobs even though their profits have soared—reflecting the collision between “AI obsession