Gensler spoke at Yale Law School about artificial intelligence, noting its potential benefits of helping to provide greater financial inclusion and enhanced user experience. He also expressed deep concern about the system-wide risks it presents, the perils of AI-washing, and the possibility of conflicts of interest introduced by the technology.
Gensler speaks about AI and the risk of AI-washing, conflicts, deception
Publicly traded companies that misleadingly promote their use of AI risk engaging in “AI-washing” and running foul of US securities law, said SEC Chair Gary Gensler.