SEC Chair Gensler Eyes AI’s Financial Promise
In a recent publication, SEC Chairman Gary Gensler recognized the potential benefits of artificial intelligence (AI) in the financial sector but cautioned that not every company claiming to use AI is doing so, despite their assertive statements.
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In a recent publication, SEC Chairman Gary Gensler recognized the potential benefits of artificial intelligence (AI) in the financial sector but cautioned that not every company claiming to use AI is doing so, despite their assertive statements.
The excitement over this cutting-edge technology tends to draw in investors and consumers alike. Gensler notes that it's not uncommon for public companies to make assertions about employing AI or engaging in related activities to boost their share value.
Following the SEC's recent settlements with investment advisors Delphia (USA) Inc. and Global Predictions Inc. over deceptive AI usage claims, Gensler released an informative video addressing the issue.
In addition, we've covered Mastercard's attempts to refine its payment system through AI, highlighting the technology's importance not just in mainstream finance but in the crypto space as well. For those interested, we have compiled a selection of AI-driven digital assets.
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