Posted 10/23/2023, 10:01:00 AM
SEC Chief Warns AI Could Trigger Market Crisis While Meta and IBM Advance AI Capabilities
- SEC chief warns AI may cause an unavoidable market crash in the next decade
- Referencing 2010's flash crash, Gensler said overreliance on AI tools could trigger a crisis
- He wants the SEC to work with other regulators to control how AI is used in finance
- Meta has upgraded its Habitat software to train AI on simulating human environments
- The new version combines previous iterations and adds robotics capabilities
- IBM announced its NorthPole AI chip, though it's still far from production
