Post by ExquisiteGerbil on Aug 8, 2023 0:47:14 GMT -5
Biden’s SEC Chief Warns AI Technology Could Trigger Financial Collapse
Frank Bergman
August 7, 2023 - 5:01 pm
Democrat President Joe Biden’s Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a grim, dystopian warning about artificial intelligence (AI).
Gensler has warned that he fears AI technology could trigger global financial collapse.
The SEC chair said during an interview with the New York Times that AI will play a major role in upcoming financial crises, the outlet reported Monday.
As a few dominant AI models emerge in the United States, masses of Americans could make the same financial decisions due to receiving identical information from them, Gensler told the NYT.
As a result, Gensler warned about the significance of “herding” when it comes to AI-related financial crises in the future.
“This technology will be the center of future crises, future financial crises,” he told the NYT.
“It has to do with this powerful set of economics around scale and networks.”
AI models may seek to benefit companies and financial advisers over investors, which is a potential issue, Gensler explained, according to the NYT.
The warning from Gensler comes amid a rush to develop AI technology.
Globalists have been hailing AI as a way to replace humans in many aspects of society.
The World Economic Forum (WEF) recently laid out the globalist organization’s vision for humanity to be soon “dominated” by “emotionless” AI, as Slay News reported.
Yuval Noah Harari, the senior advisor to the WEF and chair Klaus Schwab’s right-hand man, pushed a plan for politicians around the world to be replaced with “non-organic entities” and “emotionless algorithms.”
Speaking during an interview, Harari declared that Earth will become increasingly populated “or even dominated” by entities that are not organic in the coming years.
slaynews.com/news/bidens-sec-chief-warns-ai-technology-trigger-financial-collapse/
Frank Bergman
August 7, 2023 - 5:01 pm
Democrat President Joe Biden’s Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a grim, dystopian warning about artificial intelligence (AI).
Gensler has warned that he fears AI technology could trigger global financial collapse.
The SEC chair said during an interview with the New York Times that AI will play a major role in upcoming financial crises, the outlet reported Monday.
As a few dominant AI models emerge in the United States, masses of Americans could make the same financial decisions due to receiving identical information from them, Gensler told the NYT.
As a result, Gensler warned about the significance of “herding” when it comes to AI-related financial crises in the future.
“This technology will be the center of future crises, future financial crises,” he told the NYT.
“It has to do with this powerful set of economics around scale and networks.”
AI models may seek to benefit companies and financial advisers over investors, which is a potential issue, Gensler explained, according to the NYT.
The warning from Gensler comes amid a rush to develop AI technology.
Globalists have been hailing AI as a way to replace humans in many aspects of society.
The World Economic Forum (WEF) recently laid out the globalist organization’s vision for humanity to be soon “dominated” by “emotionless” AI, as Slay News reported.
Yuval Noah Harari, the senior advisor to the WEF and chair Klaus Schwab’s right-hand man, pushed a plan for politicians around the world to be replaced with “non-organic entities” and “emotionless algorithms.”
Speaking during an interview, Harari declared that Earth will become increasingly populated “or even dominated” by entities that are not organic in the coming years.
slaynews.com/news/bidens-sec-chief-warns-ai-technology-trigger-financial-collapse/
