SEC Chair Gensler Cites Concern Over Concentration In AI Models; Warns Artificial Intelligence Risks Financial Stability, Regulators Must Grapple With Technology. Staff Is Weighing Whether New Rules Are Needed.
Portfolio Pulse from Happy Mohamed
SEC Chair Gensler has expressed concern over the concentration in AI models, warning that artificial intelligence could risk financial stability. The SEC staff is considering whether new regulations are needed.
July 17, 2023 | 5:34 pm
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The SPY ETF, which tracks the S&P 500, could be impacted by potential new regulations on AI models, as it includes companies that use such models.
The SPY ETF tracks the S&P 500, which includes many companies that use AI models. If new regulations are introduced, these companies could face increased costs and potential disruption, which could negatively impact their stock prices and, by extension, the value of the SPY ETF.
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