Without regulations in place, the boss of the SEC expects a financial crisis stemming from the widespread use of artificial intelligence in the next decade.
The Securities and Exchange Commission disclosed $289 million in fines following a two-year investigation that focused on Wall Street’s retention of electronic communications, saying that they violated rules that mandate companies to maintain and preserve those records.
Without regulations in place, the boss of the SEC expects a financial crisis stemming from the widespread use of artificial intelligence in the next decade.
The Securities and Exchange Commission disclosed $289 million in fines following a two-year investigation that focused on Wall Street’s retention of electronic communications, saying that they violated rules that mandate companies to maintain and preserve those records.