European Central Bank assembles ‘infinity team’ to identify GenAI applications

European Union bureaucracy might not conjure the most exciting of connotations. However, being part of the “infinity team” surely puts a superhero-esque spin on your average Frankfurt grey high-rise working day.  Minute takers watch out. After surveying employees on where deploying generative AI could be most effective, the ECB’s newly established working group has launched nine trials, the results of which could speed up day to day activities of the financial institution. Large language models, the organisation says, could be deployed for tasks including writing draft codes, test out software faster, summarising supervision documents, drafting briefings, and “improving text written…

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