News Summary

• The Japanese government revealed on May 29th that u.s.-based OpenAI has granted access to its latest artificial intelligence technology to a select group of major financial institutions in Japan.
• The technology includes so-called "frontier AI," a category of advanced artificial intelligence with a high capability for identifying vulnerabilities and weaknesses within systems.
• This marks the first time Japanese companies have obtained access rights to frontier AI technology.
• The move is expected to provide participating institutions with opportunities to evaluate advanced AI applications, including cybersecurity and risk management.