SEC’s Gensler Says AI Could Play Big Role in Future Financial Crises

secs gensler says ai could play big role in future financial crises

His speech, which did not mention the SEC’s aggressive actions against the cryptocurrency markets, comes at a time when AI innovation has accelerated, leading to calls in some corners for the tech to be regulated if not banned. The recent release of GPT-4 underscored how powerful AI tools have become, and critics have expressed fears of everything from job losses from automation to, in the most dire scenarios, human extinction.

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