Gary Gensler Warns about the Risks of AI-Based Financial Crisis

According to Cointelegraph, Gary Gensler, a financial catastrophe caused by the widespread usage of AI is "nearly unavoidable" unless some type of action is taken.

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According to sources, the chair's worries also include the centralization of AI models and cloud service providers.

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Furthermore, artificial intelligence is projected to be one of the SEC's most difficult regulatory issues.

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Financial Times analysis shows Gensler is concerned about an overreliance on comparable models.

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"I believe we will experience a financial crisis in the future [...]" If everyone is dependent on a base model, said Gensler.

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Gary Gensler Warns about the Risks of AI-Based Financial Crisis

According to Cointelegraph, Gary Gensler, a financial catastrophe caused by the widespread usage of AI is "nearly unavoidable" unless some type of action is taken.

According to sources, the chair's worries also include the centralization of AI models and cloud service providers.

Furthermore, artificial intelligence is projected to be one of the SEC's most difficult regulatory issues.

Financial Times analysis shows Gensler is concerned about an overreliance on comparable models.

"I believe we will experience a financial crisis in the future [...]" If everyone is dependent on a base model, said Gensler.

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