SEC Chairman Gensler expects the US will end up with two or three foundational #AI models, making a #FinancialCrash more likely because when one model or data set becomes central, it increases “herding” behavior, meaning that everyone will rely on the same information and respond similarly.
“This technology will be the center of future crises, future financial crises,” Gensler said. “It has to do with this powerful set of economics around scale and networks.”
https://www.axios.com/2023/08/12/artificial-intelligent-stock-market-algorithms
Hippy Steve /
npub14a…0er6x
2023-08-12 15:36:26
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2023-08-12 15:36:26Event JSON
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