SEC’s 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.