SEC Head Fears AI Could Cause a Financial Crash

Image credit: Witthaya Prasongsin via Getty Images. Article by Maggie Harrison. Futurism – updated August 15, 2023.

Webs We Weave

Looks like SEC Chair Gary Gensler has been harboring some serious — as in, destroy-the-economy-level serious — AI apprehensions for some time now. As Axios reports, back in 2020, Gensler — still a professor at MIT at the time — penned a paper arguing that embedding an array of too-similar deep learning programs into our economic structures could stand to undermine those systems to the tune of a crisis-level crash. […]

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