Massachusetts securities regulators have opened an investigation into the way in which funding companies use synthetic intelligence of their interactions with buyers within the state, citing considerations in regards to the know-how’s progress and potential unchecked use.
Massachusetts Secretary of State Bill Galvin, the state’s high securities regulator, on Thursday introduced that his workplace had despatched letters of inquiry to a variety of companies utilizing or creating AI for his or her companies, together with JPMorgan Chase and Morgan Stanley.
Others who obtained letters included Tradier Brokerage, US Tiger Securities, E*Trade, Savvy Advisors and Hearsay Systems, in accordance with a spokesperson for Galvin.
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Source: economictimes.indiatimes.com