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

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United States Securities and Exchange Commission (SEC) Chair Gary Gensler testified on Sept. 12 in a Senate oversight hearing that his agency was currently using artificial intelligence (AI) technologies to monitor the financial sector for signs of fraud and manipulation.

Gensler gave a public speech before the National Press Club on July 17 wherein he laid out the case for integrating AI technologies into the SEC’s surveillance scheme, but until now, the agency’s explicit use of the tech hadn’t been made public knowledge.

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