Securities and Exchange Commission (SEC) Chairman Gary Gensler speaks with Yahoo Finance Reporter Jennifer Schoenberger to discuss the potential impact of artificial intelligence (AI) on financial markets.
Gensler notes that AI has improved productivity over the past decade, long before the current wave of generative AI. “I think it’s accelerating and it’s changing finance in many ways,” he says. Gensler emphasizes that policymakers should focus on algorithmic conflicts, fraud protection, and the concentration of power in “consequent basic models.”
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This message was written by Angel Smith