Alex Wong/Getty Images
- AI will be transformational but it also could trigger future mayhem in financial markets, SEC's Gary Gensler said.
- That's because the technology could encourage "herding" among investors where they all make similar decisions.
- Gensler is among leading voices who have flagged the risks AI poses to society.
Artificial intelligence has its advantages, but it could also be responsible for triggering a future financial crisis, according to Securities and Exchange Commission (SEC) chair Gary Gensler.
Speaking before the National Press Club on Monday, Gensler said AI is the "most transformative technology of our time, on par with the internet and mass production of automobiles."