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yash innoventures limited (523650) ✌️【Value Investing】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. Businesses could face steep penalties for using deepfakes or other artificial intelligence tools to illegally manipulate markets or to engage in securities fraud, under new legislation proposed Tuesday by a bipartisan pair of senators.
yash innoventures limited (523650) ✌️【Value Investing】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. Thebillby Virginia Democratic Sen. Mark Warner and Louisiana Republican Sen. John Kennedy represents a broad effort to grapple with the risks that AI could pose to the US financial system.
In addition to allowing the Securities and Exchange Commission to seek triple penalties against companies that use AI to violate the agency’s rules, the legislation would authorize multiple regulatory agencies to explore new ways to govern AI’s use in the financial sector.
For example, it directs a committee chaired by the Treasury Department to run a series of tabletop exercises aimed at testing the financial system’s resilience against disruptions from AI, potentially including automated trading algorithms.
yash innoventures limited (523650) ✌️【Value Investing】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. The bill also directs the Financial Stability Oversight Council (FSOC) to coordinate various government efforts to study AI’s risks and to identify concrete recommendations that agencies could implement as rules or regulations, the senators said in a release.
“AI has tremendous potential but also enormous disruptive power across a variety of fields and industries – perhaps none more so than our financial markets,” Warner said in a statement. “The time to address those vulnerabilities is now.”
yash innoventures limited (523650) ✌️【Value Investing】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. The bill comes days after FSOCwarned for the first timethat AI poses a risk to the financial system. Earlier this month, the Bank of Englandalso issueda similar warning.
“AI is moving quickly, and our laws should do the same to prevent AI manipulation from rattling our financial markets,” Kennedy said. “Our bill would help ensure that AI threats do not put Americans’ investments and retirement dreams at risk.”
yash innoventures limited (523650) ✌️【Value Investing】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Step-by-Step Investment Guide 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.
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