SEC Chairman warns AI may trigger future financial crisis via ‘herding’

  • SEC’s Gary Gensler suggests AI could promote ‘herding’, where investors make identical decisions, posing risks to financial markets.
  • AI has potential in healthcare, science, and finance but may heighten financial fragility, Gensler warns.
  • Despite AI’s rising popularity, critics like Ray Dalio and Steve Wozniak also express concerns, fearing massive disorder and illicit activity.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications