“A financial crisis caused by artificial intelligence is 'nearly unavoidable' within a decade without further regulation — it's a hard financial stability issue because many institutions might be relying on the same underlying base model or data aggregator.”
Chair, U.S. Securities and Exchange Commission
Said Oct 2023Deadline Dec 31, 2033Financial Times interview, October 2023 (reported by The Hill, October 16, 2023)
Deadline is roughly 2033; Gensler left the SEC in January 2025, and as of early 2026 no financial crisis has been attributed to shared AI models or data aggregators.