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SEC's Gensler Says AI Could Play Big Role in Future Financial Crises

Artificial intelligence “may heighten financial fragility as it could promote herding,” the regulator said in a speech.

By Elizabeth Napolitano|Edited by Marc Hochstein

Updated Jul 18, 2023, 7:51 p.m. Published Jul 17, 2023, 5:05 p.m.

Chairman for the U.S. Securities and Exchange Commission Gary Gensler. (SEC, modified by CoinDesk) — Gary Gensler, the chairman for the U.S. Securities and Exchange Commission, says AI could precipitate a "future financial crisis." (SEC, modified by CoinDesk).