Generative AI. Credit: Nataliia / Adobe Stock SEC Chief Gensler Warns of 'AI Washing' and Potential Conflicts of Interest
"If you're putting the robo adviser's interest ahead of the broker dealer's interest ahead of the investor, therein lies a conflict" Gary Gensler said.
January 17, 2024 at 04:43 PM
3 minute read
Artificial Intelligence
Artificial intelligence could drive greater efficiency and lower costs in the finance sector but U.S. Securities and Exchange Commission Chair Gary Gensler warned Wednesday about companies potentially making false claims about using the technology, a nefarious practice known as "AI washing."
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