SEC Chair Gensler warns of AI risks in financial markets
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Securities and Exchange Commission (SEC) Chair Gary Gensler speaks with Yahoo Finance Reporter Jennifer Schonberger to discuss the potential impact of artificial intelligence (AI) on financial markets.
Gensler notes that AI has been enhancing productivity for the past decade, well before the current generative AI wave. "I think this is accelerating, and it's changing finance in many ways," he says. Gensler emphasizes that policymakers should focus on algorithmic conflicts, fraud protection, and the concentration of power in "consequential base models."
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This post was written by Angel Smith
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