SEC’s Gensler Says Deepfakes Pose Real Risk to Financial Markets
- SEC chair says agency will pursue individuals behind AI fraud
- Gensler spoke during Senate Banking oversight hearing
A video manipulated with artificial intelligence at a newsdesk in Washington, DC.
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Artificial intelligence’s ability to generate deepfake content that easily fools humans poses a genuine threat to financial markets, the head of the Securities and Exchange Commission warned.
“We have good laws, but these new technologies will challenge those laws,” Chair Gary Gensler said Tuesday during an SEC oversight hearing by the Senate Banking Committee. The top US markets cop told lawmakers that in cases of AI-induced fraud or market tumult, the agency would look for the humans behind the algorithms.