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Artificial intelligence is on the verge of triggering a financial crisis, says SEC

In a recent interview with the renowned “Financial Times,” Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), issued a stark warning about the potential impact of artificial intelligence (AI) on the financial industry. According to Gensler, it is “almost inevitable” that AI could provoke a financial crisis in the late 2020s or early 2030s, as Wall Street rushes to embrace this new technology.

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1 yr. ago

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