United States: Could AI Trigger A Financial Crisis?

In remarks on Monday to the National Press Club, SEC Chair Gary Gensler, after first displaying his math chops—can you decipher “the math is nonlinear and hyper-dimensional, from thousands to potentially billions of parameters”?—discussed the potential benefits and challenges of AI, which he characterized as “the most transformative technology of our time,” in the context of the securities markets. When Gensler taught at MIT, he and a co-author wrote a paper on some of these very issues, ” Deep Learning and Financial Stability ,” so it’s a topic on which he has his own deep learning. The potential for […]

Click here to visit source. www.mondaq.com