The headquarters of the Securities and Exchange Commission (SEC) is seen in Washington, D.C., on Jan. 28, 2021. (Photo by SAUL LOEB/AFP via Getty Images)
Securities and Exchange Commission Chairman Gary Gensler testifies during a Senate Banking Committee hearing on Sept. 12, 2023, in Washington, D.C. (Photo by Drew Angerer/Getty Images)
The Securities and Exchange Commission chair has “macro” concerns about financial sector reliance on a couple large AI base models, especially since regulators would have no oversight…