Wall Street hesitates on synthetic data as AI push gathers steam

In September 2022, Deutsche Bank’s Corporate Venture Capital group made an investment in Synthesized, a UK-based synthetic data company. At the time, the companies said that through synthetic, non-traceable versions of original datasets, the platform would enable the bank to rapidly experiment with large datasets for AI and machine-learning use cases.

Three years later, Deutsche Bank’s enthusiasm for using synthetic data in large language model training is waning. Nichola Hammerton, head of group