The Global Risks Alliance (GRA)
Technology relevant to artificial intelligence and financial stability: what it can do, the constraints it faces and its consequences for people and institutions.
Innovation at AI and Financial Model Risk is the evaluation of technology relevant to artificial intelligence: the need it addresses, the evidence behind it, its constraints and its consequences for safety, rights and the environment. Promising work can be built in Nexus Foundry and tested in Nexus Universe; nothing is called proven before test and review, and no product is endorsed.
Fig.How a finding is reviewed before it is published. Design, not a record.
For technology and emerging practices, in GRA's spatial-finance reading, the map opens on night lights and population density with night lights tonight from NASA GIBS, framed on California; 3 further NASA layers wait in the list.
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Layers 2
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NASA GIBS / EOSDIS · ASTER GDEM (METI, NASA) · Blue Marble (NASA) · © OpenStreetMap contributors (ODbL) · Natural Earth
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For technology and emerging practices, in GRA's spatial-finance reading, the map opens on night lights and population density with night lights tonight from NASA GIBS, framed on California; 3 further NASA layers wait in the list.Satellite and model products as NASA publishes them, each with its own date; indicators, not assessments of any place; claim ceiling INTEGRATED.
Layers and dates
Which problem does the technology address, and for whom?
What has been demonstrated, under what conditions, and what remains untested?
Cost, skills, infrastructure, data and governance requirements.
Effects on safety, rights, equity and the environment.
For each change, AI and Financial Model Risk asks what new dependency, concentration or model risk it creates for model risk managers and validators, and which of US agencies, PRA and EU has addressed it so far.
Promising work can be built in Nexus Foundry and tested under controlled conditions through Nexus Universe. No technology is described as proven before it has been tested and reviewed.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Technology readiness level | A scale from basic principles to proven operation that describes how mature a technology is. |
| Responsible innovation | Anticipating and governing the effects of new technology together with society. |
| Testbed | A controlled setting, from a lab rig to a field site or sandbox, for trying a technology before it meets real conditions of use. |
| Effective challenge | Critical, independent analysis of a model by competent people with the authority to require changes. |
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.