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SEC’s Gary Gensler: ‘AI May Heighten Financial Fragility’
Artificial intelligence (AI) may play a key role in a future financial crisis, Gary Gensler, the Chair of the US Securities and Exchange Commission (SEC) has said. Gensler pointed out that recent advancements in AI could be harmful to the global economy if a single or a small group of big tech companies dominate the space.Gensler on AI and Financial Stability Gensler stated this today (Monday) in a remark prepared to be delivered at the National Press Club in Washington. Although the SEC Chair n...
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Posted: Jul 18 2023, 01:00
Author Name: financemagnates
Views: 080949