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AI could spark the next financial crisis, SEC Chair Gary Gensler says

News Room by News Room
November 1, 2023
Reading Time: 1 min read
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AI could spark the next financial crisis, SEC Chair Gary Gensler says

Securities and Exchange Commission Chair Gary Gensler has plenty to worry about as he seeks to bring order and fairness to America’s $100 trillion capital markets, and there are few issues that cause him more concern than the spread of artificial-intelligence technology. 

In an exclusive interview with MarketWatch, the regulator argued that generative AI technologies in the vein of ChatGPT have the potential to revolutionize the way we invest by leveraging large data sets to “predict things that were unimaginable even 10 years…

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