Financial Times:

Gary Gensler says it's “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator  —  SEC head warns reliance on a few data models could unleash a financial crisis within a decade

Financial Times:

Gary Gensler says it's “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator  —  SEC head warns reliance on a few data models could unleash a financial crisis within a decade

Source: TechMeme
Source Link: http://www.techmeme.com/231016/p1#a231016p1