Waters Wrap: Open source and storm clouds on the horizon

Regulators and politicians in America and Europe are increasingly concerned about AI—and, by extension, open-source development. Anthony says there are real reasons for concern.

Credit: William Keith

There are programming languages like Python. There are application containers like Kubernetes. There are machine-learning frameworks like TensorFlow. All of these tools are ubiquitous in financial services, and all are examples of open-source tools.

Open-source code is everywhere—not just in the capital markets, but…everywhere.

And while it has taken some time, in recent years, banks and asset managers have warmed to the idea of not just taking from the open-source community, but also giving back

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