AI’s Role in the Next Financial Crisis: A Warning from SEC Chair Gary Gensler

AI’s Role in the Next Financial Crisis: A Warning from SEC Chair Gary Gensler

TL;DR – The future of finance is intertwined with artificial intelligence (AI), and according to SEC Chair Gary Gensler, it’s not all positive. In fact, Gensler warns in a 2020 paper —when he was still at MIT—that AI could be at the heart of the next financial crisis, and regulators might be powerless to prevent it.