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The European High Performance Computing Joint Undertaking (EuroHPC JU)

Bank GPT

50000
Awarded Resources (in node hours)
Leonardo BOOSTER
System Partition
January 2025 - January 2026
Allocation Period

AI Technology: Generative Language Modeling 

FairMind is an innovative startup specialising in OnPremise/Cloud solutions for the delivery of Open Source Large Language Models through its proprietary platform: MindStream. 

FairMind as Benefit Corporation is committed to promoting ethical AI adoption. Guided by its Ethics Committee, led by renowned international ethicists, FairMind develops Generative AI platforms adhering to recognized Responsible AI principles. 

By leveraging Open Source technology stacks, FairMind democratises AI access, ensuring organisations maintain effective control over their AI solutions and models. This approach makes ethical, transparent, and accountable AI accessible to a wider range of businesses and institutions. 

The company, already serving the Public Administration and Tourism Industry, is now willing to enter the market for Banks and Financial Institutions operating in European markets, thanks to the great opportunity of FFplus Project, FairMind aims to extend its product portfolio by developing a tailored GenAI LLM for Banking and Finance (named for this project BankingGPT). 

These financial institutions face a critical business challenge: the need for AI solutions that are customizable, compliant with strict regulations, and under their direct control. 

Traditional large-scale AI models, operated by hyperscalers or private companies directly (ie. OpenAI and Anthropic), often fall short in meeting these sector-specific requirements while raising concerns about data privacy, vendor lock-in, and cost-effectiveness. To address this challenge, FairMind proposes to pre-train a specialised foundation LLM of 4B parameters and a fine-tuned version of it using European HPC resources. 

Those models will be integrated into the MindStream platform, offering: 

  • Possibility for the end-user to customise the model, via fine-tuning, or use it in RAG Architectures with higher accuracy than generic models.
  • Intelligent workflow automation to accomplish more complex tasks.
  • Advanced privacy protection measures.
  • Native support of English, Italian, French and German languages
  • Ethical AI safeguards built into the model from the design and pre-training phases.

Thanks to the development of this hyper-specialised model, FairMind will be able to offer an innovative solution that directly addresses the concrete needs expressed by Banks and Financial Institutions. 

This tailored approach will enable FairMind to penetrate not only the Italian market but also expand into the broader European market, aligning with the SME's growth strategy. 

The unique value proposition of this customised LLM positions FairMind to capitalise on the increasing demand for sector-specific, compliant, and efficient AI tools in the financial industry across Europe.