Gary Gensler confirms SEC’s use of AI for monetary surveillance

United States Securities and Change Fee (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight listening to that his company was at present utilizing synthetic intelligence (AI) applied sciences to observe the monetary sector for indicators of fraud and manipulation.

Gensler gave a public speech earlier than the Nationwide Press Membership on July 17 whereby he laid out the case for integrating AI applied sciences into the SEC’s surveillance scheme, however till now, the company’s specific use of the tech hadn’t been made public data.

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