Gary Gensler told the Financial Times that the next financial crash could be sparked by AI. The SEC chair called for regulation to address how AI models are being used by banks on Wall Street ...

Garry Gensler told the Financial Times that AI could cause a financial crash as soon as the late 2020s or early 2030s.

More US banking turmoil, wider economic fallout, the Federal Reserve losing its inflation focus and even a “financial crash” are among a panoply of dangers troubling economists gathering by ...