SEC Chair Gary Gensler Issues Urgent Call for AI Regulation to Prevent Financial Crisis

In a recent interview with The Financial Times (FT), Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), expressed grave concerns about the potential risks artificial intelligence (AI) poses to financial stability. Gensler warned that without immediate regulatory measures, a financial crisis triggered by AI is “nearly unavoidable” within the next ten…