SEC Chair Emphasizes Transformative Potential of AI and Need for Regulation

2023/08/15 18:45

Gary Gensler, the Chairman of SEC, has highlighted the transformative potential of AI and the need to adapt current securities laws. He believes that AI has the potential to revolutionize various aspects of the financial industry, offering new opportunities but also posing unique challenges. Gensler stressed the importance of having regulatory frameworks in place to address potential risks and the need for ongoing collaboration between regulators, industry stakeholders, and experts in AI technology to develop appropriate safeguards and guidelines.
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