On AI in Finance

As the use of AI in finance becomes more pervasive -- in trading algorithms and credit underwriting, to insurance claims processing -- what benefits and risks do these systems pose? Gary Gensler joins EconoFact Chats to discuss how AI is lowering costs and broadening access to financial services, but also creating new challenges around explainability, bias, and accuracy. Gary is Professor of the Practice of Global Economics and Management as well as of Finance at the MIT Sloan School of Management. He served as Chair of the Securities and Exchange Commission. Along with Simon Johnson, he hosts the podcast Power and Consequences.