SEC Chair Gary Gensler told senators that the agency was already using AI technology during a Senate oversight hearing on Sept. 12.
United States Securities and Exchange Commission Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence technologies to monitor the financial sector for signs of fraud and manipulation., but until now, the agency’s explicit use of the tech hadn’t been made public knowledge.“So, we already do. In some market surveillance and enforcement actions. To look for patterns in the market.
While it shouldn’t come as a surprise to note that the SEC is utilizing AI technologies during the normal course of its operations, it is somewhat surprising that the agency hasn’t issued a formal, public declaration detailing its use.into law by President Biden in March of 2022, there don’t appear to be any legal requirements in the U.S. for agencies to publicly report the internal use of new technologies.
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