According to Gary Gensler, chair of the SEC, a market crash caused by artificial intelligence is “nearly unavoidable.” Like many other regulators, he has called for new regulations on AI to prevent such dire scenarios.
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AI-Related Coins Slide as Google Search Shows Peak Retail Investor InterestRole of AI in Crypto Industry - Benefits, Risks and UsesHow AI in stock trading is altering the financial market?Such fears are considerably exaggerated. It is true that AI might cause a market crash — just as many events, some of them quite arbitrary or unexpected, have led to market downturns. On net, though, AI probably lowers the chances of a market crash.
