Senate Testimony: AI Risks to the Financial Sector

September 21, 2023


Read time:

<5 mins
Senate Testimony Ai Risks To The Financial Sector 1536x1152
Presented by Michigan News

How worried should the financial sector be about the rise of AI? In a world where AI algorithms can already analyze real-time financial information and make high-stakes trading decisions with little or no human oversight, our financial regulations are failing to keep up. U-M professor of computer science and engineering, Michael Wellman, alerted the Senate Committee on Banking, Housing, and Urban Affairs during his testimony about the potential dangers posed by AI to financial systems.

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