U.S. Securities and Exchange Commission Chair Gary Gensler. Photo by Diego M. Radzinschi/ALM

The financial sector's reliance on just one or two dominant artificial intelligence (AI) models could lead to the centralization of the technology and financial instability, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler warned on Tuesday. 

The use of AI presents challenges, including issues around whether its decisions are biased and whether its predictions are accurate, Gensler said during a talk at Yale Law School.   

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Maydeen Merino

Maydeen Merino is a regulatory reporter, covering the DOJ, FTC, SEC and EPA. She can be reached at [email protected].

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