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GenAI only of limited use so far, says MUFG trading head

MUFG collects one billion data points a day for its machine learning AI, but so far has found limited use for large language models for the trading floor

'There are a lot of vendors out there offering us a variety of solutions that haven’t always got a problem,' Stu Taylor says
'There are a lot of vendors out there offering us a variety of solutions that haven’t always got a problem,' Stu Taylor says Photo: Budrul Chukrut/Getty Images

As banks race to embrace generative AI and large language models, MUFG is taking a more tempered approach for its use in trading.

Stu Taylor, head of e-trading at the Japanese bank, said there are few viable use cases for the current iteration of the technology.

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